TransBnk Raises $4 Million in Series A Funding

TransBnk, a Mumbai-based transaction banking platform, has raised $4 million in a Series A funding round led by 8i Ventures and Accion Venture Lab. The company has achieved a remarkable 10X revenue growth since its seed round last year and plans to use the new funds to expand its banking partnerships and enter the Middle East and Southeast Asian markets. Founded in 2022, TransBnk provides a suite of financial services enabling secure transactions for corporate and institutional clients, with over 200 APIs and partnerships with more than 25 banks. CEO Vaibhav Tambe highlighted the $1 trillion global market potential for transaction banking, projected to reach $2 trillion by 2030, as a significant opportunity for disruption in the $200 billion unsecured lending market in India. The platform is designed to enhance financial service delivery through embedded finance and SaaS solutions, streamlining complex transaction management. With over 50 million transactions processed, TransBnk is positioning itself as a key player in the fintech landscape.