If you’re a business in India trying to manage your banking, you’re probably juggling multiple portals, drowning in spreadsheets, and wondering why everything still feels stuck in 2005. Meanwhile, personal banking has zipped ahead with instant payments, slick mobile apps, and touchless everything.
So, what gives?
That’s exactly the problem TransBnk is trying to solve — and they just raised $25 million to do it.
Photo by Ashraful Islam on Unsplash
The Fintech Boom Left Businesses Behind
Over the last decade, consumer fintech in India has exploded. Platforms like UPI have made paying for groceries or splitting dinner bills as easy as sending a text. But if you’re a small or medium business trying to handle treasury or reconcile accounts, chances are you’re wading through back-office chaos.
That’s because corporate banking — especially in transaction-heavy areas like payments, collections, and escrow — is still heavily reliant on manual processes. Think: printed paperwork, outdated bank portals, and endless Excel tabs.
Photo by Patrick Hendry on Unsplash
Despite India being home to almost 75 million small and mid-sized businesses—the largest SME market in the world—the tech that supports them just hasn’t caught up.
Enter TransBnk: One Interface to Rule Them All
Mumbai-based TransBnk, founded in 2022 by a group of ex-bankers (Vaibhav Tambe, Lavin Kotian, Pulak Jain, and Sachin Gupta), is building exactly what business customers have been asking for: a single, integrated platform for corporate banking.
“We always got a lot of customers asking us for a consolidated platform,” CEO Tambe said. “So we thought—let’s do it ourselves.”
And they didn’t just stop at simplifying user experience. TransBnk built an entire backend layer of microservices that banks and fintechs can plug into. Treasury management? Liquidity tools? Escrow services? Check.
Right now, they work with 60 banks (40 of which are fully integrated), handle about 110 million transactions a month, and support over 11,000 bank accounts. To top it off, 220 businesses, mostly lenders, NBFCs, and other fintechs, are already using the platform.
Some banks have even white-labeled TransBnk’s software and are offering it to their own corporate clients.
What Makes This a Big Deal?
For starters, TransBnk is tackling the kind of legacy infrastructure that most startups avoid like the plague. Integrating with old-school core banking systems? Building secure APIs? Navigating endless compliance rules?
Yeah, that’s the job.
Photo by Luke Shaffer on Unsplash
But they’ve shown they can handle it. Last year alone, the company grew its annual recurring revenue more than 12x, hitting around $12 million. And they turned profitable after taxes in February — a rare feat for a startup this young.
TransBnk claims gross margins of about 80%, which tells you their software isn’t just working — it’s working efficiently.
Who’s Putting Up the $25M?
The new Series B funding round was led by Bessemer Venture Partners, with support from heavy-hitters like Fundamentum, Arkam Ventures, 8i Ventures, Accion, and Japan’s GMO Venture Partners. $4 million of the total was secondary — a portion purchased from existing shareholders.
This brings TransBnk’s total raise to $26 million and bumps its valuation up 7x from its previous round (though they haven’t shared official numbers yet).
What’s Next?
TransBnk isn’t stopping at India. They’re setting their sights on Southeast Asia and the Middle East, where similar inefficiencies in enterprise banking still dominate.
They also plan to expand their offering to other sectors — including real estate, pharma, and renewable energy — where better banking infrastructure could unlock serious value.
Why This Matters
India’s B2B fintech market is expected to hit $20 billion by 2030. But while there’s been plenty of innovation in payments and lending, very few startups have tackled the mess beneath the surface: the banking infrastructure itself.
TransBnk isn’t just creating another app. They’re building the missing plumbing for modern corporate banking — so businesses can spend less time fighting fragmented systems and more time actually, you know, doing business.
If they pull it off, this could be the shift corporate banking in India has been waiting for.
Keywords: TransBnk, corporate banking India, fintech, banking infrastructure, B2B fintech, SME finance, business banking India, treasury management, API banking India, startup funding India
