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TransBnk has filled in their pockets with $25 million in Series B funding led by Bessemer Venture Partners.
What they do: retail banking went digital years ago, but corporate banking still lags with scattered accounts, clunky portals and endless spreadsheets. TransBnk is fixing that. Built into the bank’s core systems, it gives companies one unified, programmable dashboard to manage, transact and reconcile across all relationships. It’s the seamless, mobile-first experience businesses should have had long ago.
The why: the funds will mainly be used for geographic expansion and to strengthen technology and product talent. TransBnk also plans to extend its solutions to sectors such as real estate, pharma, and renewable energy.
Zoom out: globally, firms like Finastra, Temenos, and Infosys’ Finacle are driving banking modernisation through software platforms. In the U.S., players like Treasury Prime offer embedded banking for enterprises. But in India, startups in this space remain rare, giving TransBnk a clear first-mover edge.
Corporate banking in India is still largely underserved, creating a $20 billion fintech opportunity by 2030. While the country already has 26 fintech unicorns worth $90 billion, most focus on payments and lending. Very few are innovating in core banking infrastructure, leaving significant untapped potential.
