TransBnk, a Mumbai-based fintech startup focused on corporate banking infrastructure, has raised US$25 million in a series B round led by Bessemer Venture Partners.

TransBnk said that the round includes US$4 million in secondary share sales, with participation from Fundamentum, Arkam Ventures, 8i Ventures, Accion, and GMO Venture Partners.

The company plans to use the new capital to expand into Southeast Asia and the Middle East, as well as target new sectors like real estate, pharma, and renewable energy.

TransBnk provides a digital platform that connects businesses and banks, offering transaction, treasury, and escrow management services.

The startup claims to work with 60 banks and 220 customers, including lenders, fintech firms, NBFCs, and banks that use its software.

TransBnk reported reaching around US$12 million in annual recurring revenue and said it became profitable in February 2025.

TransBnk has raised a total of about US$26 million to date.

🔗 Source: TechCrunch

🧠 Food for thought

1️⃣ India’s banking evolution reveals a consistent pattern of consumer innovation outpacing business infrastructure

India’s corporate banking lag isn’t an isolated phenomenon but reflects a broader historical pattern in the country’s financial sector evolution.

The nationalization of 14 major banks in 1969, followed by 6 more in 1980, was designed to increase credit availability to agriculture and small industries. However, these institutional reforms didn’t translate into modern operational infrastructure for businesses 2.

Even the post-1991 economic liberalization that introduced private sector banks and new technologies like ATMs, internet banking, and mobile banking primarily enhanced the customer experience rather than backend corporate processes 2.

Today’s corporate banking challenges, where businesses still “juggle multiple internet banking portals and rely on spreadsheets for reconciliation,” mirror this historical trend of consumer-facing improvements preceding institutional infrastructure upgrades 1.

This trend suggests that India’s nearly 75 million SMEs have been underserved by banking modernization efforts that prioritized individual consumers over business operational needs 1.

2️⃣ The timing convergence of regulatory support and market demand creates unprecedented opportunity for B2B fintech