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With India’s corporate banking lagging decades behind consumer fintech, TransBnk raises $25M to bridge the gap

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With India’s corporate banking lagging decades behind consumer fintech, TransBnk raises $25M to bridge the gap Jagmeet Singh PM PDT · August 27, 2025 While digitization has transformed banking for Indian consumers, corporate banking has been left in the slow lane — still relying heavily on clunky infrastructure, paper trails, and spreadsheet-heavy workflows. TransBnk wants to address that gap, and Bessemer Venture Partners has invested in the three-year-old startup in a $25 million round to accelerate its progress.

Over the past decade, India has experienced a significant boom in consumer fintech, driven

The untapped potential in corporate banking represents a lucrative opportunity. India’s B2B fintech industry is projected to reach a market size of $20 billion

Mumbai-based TransBnk, co-founded

“During our banking days, we always got a lot of customers asking us for a single, consolidated platform for transaction banking or corporate banking on a single particular stack,” said Tambe, co-founder and CEO, in an interview. “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?”

Founded in 2022, the startup says it right now works with 60 banks, with 40 fully integrated into its platform to process transactions, payments, and even the core functionality reconciliation. It also has 220 customers, of which 80% are merchants, including lenders, fintechs, and non-bank financial companies (NBFCs), while the remaining 20% are banks that have white-labeled its software to provide corporate banking services to their customers.

Globally, companies like Finastra, Temenos, and Infosys’ Finacle are helping modernize banking through software platforms. In the U.S., players like Treasury Prime offer embedded banking solutions for enterprise customers. But in India, startups in this domain remain few and far between.

Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital, Elad Gil — just a few of the heavy hitters joining the Disrupt 2025 agenda. They’re here to deliver the insights that fuel startup growth and sharpen your edge. Don’t miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $600+ before prices rise. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They’re here to deliver the insights that fuel startup growth and sharpen your edge. Don’t miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | October 27-29, 2025 REGISTER NOW Building for this space requires deep expertise in banking infrastructure — integrating with legacy core banking systems and connecting them to enterprise stacks, such as ERPs and treasury platforms. It also requires close relationships with banks to access and build upon their data and workflows.

Over the past year, TransBnk says that it has grown its revenue more than 12x, reaching around $12 million in annual recurring revenue. The startup says it turned profitable after taxes in February and what it describes as healthy gross margins of roughly 80%. The company states that it enables around 110 million transactions monthly, covering 11,000 bank accounts and utilizing over 1,500 APIs.

The Series B funding round, which includes $4 million in secondary, also saw participation from Fundamentum, Arkam Ventures, 8i Ventures, Accion, and Japan’s GMO Venture Partners. The startup plans to expand beyond India and enter markets such as Southeast Asia and the Middle East, continuing to build its infrastructure platform layer. It also intends to expand its reach to sectors including real estate, pharma, and renewable energy, Tambe told TechCrunch.

With the latest funding, TransBnk has raised around $26 million in total. Its valuation grew 7x from the last round, Tambe said, without providing specifics.

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Jagmeet Singh

Jagmeet covers startups, tech policy-related updates, and all other major tech-centric developments from India for TechCrunch. He previously worked as a principal

You can contact or verify outreach from Jagmeet View Bio October 27-29, 2025 San Francisco Put your brand in front of 10,000+ tech and VC leaders across all three days of Disrupt 2025. Amplify your reach, spark real connections, and lead the innovation charge. Secure your exhibit space before your competitor does.

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