API Banking Startup TransBnk Nets $25 Mn Series B

The round was led by Bessemer Venture Partners, with participation from Arkam Ventures, Fundamentum Partnership, 8i Ventures, Accion Venture Labs and GMO Venture Partners

The startup plans to utilise the fresh proceeds to expand its footprint to Southeast Asia and the Middle East as well as to strengthen its presence in India

Founded in 2022, TransBnk provides an API-based platform that connects corporates, fintechs, and lenders to multiple banks through a single system

Mumbai-based banking infrastructure startup