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With India’s corporate banking lagging decades behind consumer fintech, TransBnk raises $25M to bridge the gap
TransBnk has raised $25 million in a round led by Bessemer Venture Partners to India's digitize corporate banking.
This gap persists despite India being the world’s largest small and medium enterprise (SME) market, with nearly 75 million SMEs — all of which would benefit from more modern financial infrastructure. Mumbai-based TransBnk, co-founded by former bankers Vaibhav Tambe, Lavin Kotian, Pulak Jain, and Sachin Gupta, positions itself in this space with what it calls a “common operating system” — a single window through which businesses can access the banking ecosystem. “And we thought, let’s take up this challenge… The idea was that can we consolidate and integrate with multiple banks and then create a single platform, be it in the form factors, like the web interface or mobile app, or maybe SDKs, or API?”
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