Bengaluru-based banking infrastructure platform TransBnk on Wednesday announced that it has raised $25 million in a Series B round led by Bessemer Venture Partners, an early backer of food delivery firm Swiggy.
The round, which includes $21 million in primary capital and a $4 million secondary component, also saw participation from Arkam Ventures and Fundamentum Partnership, alongside existing investors 8i Ventures, Accion Venture Labs, and GMO Venture Partners.
Founded in 2022 by Vaibhav Tambe, Lavin Kotian, Pulak Jain, and Sachin Gupta, TransBnk is building a “common operating system” for corporate banking, an area it claims is still underserved by modern tech solutions. Its API-led platform integrates directly with banks, enabling fintechs, NBFCs, corporates, and SMEs to streamline onboarding, payments, lending, and reconciliations across multiple banking relationships.
While retail banking in India has seen rapid digital adoption over the past decade, corporate banking continues to rely on manual processes, multiple portals and RM-driven interactions. TransBnk aims to bridge this gap by providing a single-window, programmable interface that allows companies to access and manage services from more than 40 integrated banks, covering approximately 1,500 APIs and enabling over 110 million transactions monthly.
The company claims to have scaled from seed funding to double-digit million-dollar annual revenues in under two years and turned profitable in February 2025. It services over 220 clients, with peak capacity to handle 2,000 transactions per second.
For Bessemer, the investment underscores its heightened activity in India. In March 2025, the US-headquartered VC closed a $350 million India-focused fund to invest in AI-enabled businesses, fintechs, and consumer brands.
The firm, which set up its Bengaluru office nearly two decades ago, counts Ola, BigBasket, and Perfios among its 80+ portfolio companies in India and manages $18 billion globally with stakes in Pinterest, Shopify, and LinkedIn. In April 2025, Bessemer also led a $30-million Series A round in digital payments platform Easebuzz.
TransBnk has previously raised $1 million in seed funding (June 2023) and $4 million in Series A (August 2024), both led by 8i Ventures.
