Overview

• TransBnk closed a $25 million Series B led by Bessemer Venture Partners with participation from Fundamentum, Arkam Ventures, 8i Ventures, Accion Venture Labs, and GMO Venture Partners, including $4 million in secondary.
• The company plans expansion into Southeast Asia and the Middle East and intends to strengthen its India footprint, with hiring for technology and product cited as priorities.
• TransBnk offers a single-window API platform that lets corporates, fintechs, and lenders connect to multiple banks to handle onboarding, payments, and reconciliations.
• The company says it works with about 60 banks, with 40 fully integrated, serves roughly 220 customers, and processes about 110 million transactions monthly using more than 1,500 APIs.
• TransBnk reports revenue of roughly $12 million in ARR with post-tax profitability since February and positions itself against Indian API-banking rivals as the RBI promotes responsible AI through its new FREE-AI framework.