TransBnk Raises $25M to Modernize India's Corporate Banking

TransBnk secures $25M to bring corporate banking into the digital age

India's consumer fintech boom — driven by UPI and payment aggregators — has created sleek experiences for retail users. Corporate banking has not kept pace: many businesses still juggle multiple bank portals, paper trails and bulky spreadsheets to manage payments, collections and reconciliation.

Enter TransBnk, a three‑year‑old Mumbai startup co‑founded by former bankers Vaibhav Tambe, Lavin Kotian, Pulak Jain and Sachin Gupta. The company raised $25 million in a round led by Bessemer to accelerate its “common operating system” — a single window and microservices layer that consolidates transaction banking across multiple banks.

• Works with 60 banks; 40 fully integrated for live transactions and reconciliation
• 220 customers (80% merchants including lenders, fintechs and NBFCs; 20% banks white‑labeling the product)
• $12M ARR with reported profitability after tax and ~80% gross margins
• Platform processes ~110 million transactions monthly across 11,000 bank accounts using 1,500+ APIs

The broader opportunity is large: India is home to nearly 75 million SMEs, and research projects India’s B2B fintech market to reach $20 billion by 2030. Yet most fintech attention has focused on payments and lending, leaving core banking infrastructure underserved.

TransBnk positions itself as the foundational layer — offering microservices for treasury, liquidity and escrow management and exposing these capabilities via web, mobile, SDKs and APIs. That approach mirrors global trends where platforms abstract away legacy cores and give enterprises composable building blocks.

Building this stack is hard. It requires deep integration with legacy core banking systems, strong bank relationships to access data and workflows, and robust compliance and security. That’s why few startups have moved aggressively into transaction banking in India compared with consumer fintech.

Investors are taking notice. The Series B included Fundamentum, Arkam Ventures, 8i Ventures, Accion and GMO Venture Partners, and the round contained $4M in secondary. TransBnk has now raised about $26M in total and says its valuation jumped sevenfold since the last round.

What’s next? TransBnk plans regional expansion into Southeast Asia and the Middle East and vertical penetration into sectors such as real estate, pharma and renewables. The playbook is familiar: first win large domestic SMB and enterprise flows, then export the integration layer to nearby markets with similar banking fragmentation.

For banks, fintechs and large corporates assessing this shift, practical questions matter: how to onboard multiple bank integrations without disrupting existing ERPs, how to secure and audit cross‑bank flows, and how to convert spreadsheet-driven reconciliation into automated, auditable processes.

QuarkyByte’s approach is to translate platform ambitions into roadmaps: assess legacy touchpoints, prioritize high-value integrations, and design API orchestration layers that map directly to treasury and reconciliation use cases. The aim is measurable: reduce reconciliation time, reduce failed payments and speed up regional rollouts.

TransBnk’s funding and traction show investor confidence in India’s corporate banking modernization thesis. If it executes well, the startup could be a key plumbing provider that finally gives businesses a single, programmable view of their banking — and unlocks a large, under‑served market.