Mumbai-based fintech startup TransBnk has raised $25 million in its Series B funding led by Bessemer Venture Partners, with participation from 8i Ventures and other investors, strengthening its position in transaction banking and the API-led platform ecosystem.

Founded in 2022 by Vaibhav Tambe, Lavin Kotian, Sachin Gupta, and Pulak Jain, TransBnk provides a comprehensive banking infrastructure platform that streamlines specialized accounts, B2B payments, escrow management, and reconciliation. The fintech startup integrates directly with banks to deliver escrow-as-a-service, helping lenders, enterprises, and startups onboard faster.

With this Series B funding, TransBnk plans to expand geographically and hire top-tier tech and product talent. The company reported over 220 clients, integrated with more than 40 banks, including private, public, multinational, and small finance institutions, who access nearly 1,500 APIs monthly.

From Seed Funding to Series B Growth

The journey began with a seed funding round of $1 million in June 2023, led by 8i Ventures, alongside Growthcap Ventures, Leadway Ventures, Growth Sense, and a strong base of angel investors. At that stage, TransBnk set its sights on scaling client partnerships and reshaping B2B transactions.

In August 2024, the company raised $4 million in Series A funding, again led by 8i Ventures with backing from Accion Venture Lab, GMO Venture Partners, Ratio Ventures, and Force Ventures. The rapid funding trajectory underlines strong investor confidence in its API-led platform and the growing demand for modern transaction banking solutions.

Vikram Chachra, Founding Partner at 8i Ventures, said, “TransBnk is filling a crucial gap between the technology ‘haves’ and ‘have-nots’ in India’s trillion-dollar transaction banking landscape. By providing a disruptive solution to the financial ecosystem, they are strategically positioned to bring about a seismic shift in transaction banking. This investment aligns with our commitment to support ventures that redefine the fintech landscape.”

Financials and Market Presence

For the fiscal year ending March 2024, TransBnk posted revenue of INR 2.68 crore ($321,000) with a net loss of INR 1.25 crore ($150,000). Despite early losses, the startup continues to attract global venture support. As of the Series B round, 8i Ventures remains the largest external stakeholder with 21.6 percent, while the co-founders collectively hold more than 36 percent.

TransBnk’s API-led platform has already powered solutions in lending, wealth-tech, and cross-border payments. By deepening partnerships with banks and fintechs, the company aims to transform how enterprises manage cash flow, automate payments, and simplify reconciliation. The infusion of Series B funding provides momentum for global expansion. It positions the fintech startup as a frontrunner in the evolution of banking infrastructure.

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