TransBnk raises $25million: How This API Banking Startup is Fixing Corporate Banking’s Biggest Problem

Okay, this is absolutely wild! TransBnk, the Mumbai-based API banking platform that’s basically becoming the “common operating system” for corporate banking, just closed a massive $25 million Series B round led by Bessemer Venture Partners. And honestly? The timing couldn’t be more perfect because corporate banking in India is stuck in the stone age while consumer fintech is absolutely flying!

TransBnk Raises $25M Series B Led by Bessemer to Scale API Banking

TransBnk just landed a massive $25 million Series B led by Bessemer Venture Partners! The round included heavy hitters like Arkam Ventures, Fundamentum, 8i Ventures, Accion, and GMO Venture Partners from Japan. Here’s what’s absolutely insane: they grew revenue 12x in one year to $12 million ARR and turned profitable in February with 80% gross margins! Their valuation jumped 7x from the last round. When Bessemer writes checks this big, you know something special is happening in API banking.

How TransBnk’s API Platform Simplifies Transaction Banking for Fintechs

Here’s the massive problem TransBnk’s API platform is solving: while consumer fintech in India is absolutely crushing it, corporate banking is stuck in the stone age with clunky systems and spreadsheet workflows!. TransBnk acts as a “common operating system” giving businesses one unified platform to access the entire banking ecosystem. No more juggling multiple banking portals! Their microservices foundation enables treasury, liquidity, and escrow management – basically the AWS of banking infrastructure for fintechs.

TransBnk Integrates with Over 40 Banks, Powers 1,500 Monthly APIs

The numbers are absolutely mind-blowing! TransBnk works with 60 banks and has 40 fully integrated into their platform for transactions, payments, and reconciliation. They’re processing 110 million transactions monthly across 11,000 bank accounts using over 1,500 APIs!. They’ve got 220 customers – 80% are merchants (lenders, fintechs, NBFCs) and 20% are banks actually white-labeling their software. When banks trust a startup enough to put their platform in front of customers, that’s serious validation of the API banking technology.

Founder Roots: TransBnk Started in 2022 by Former IndusInd Bank Execs

The TransBnk founding story is perfect! The company was founded in 2022 by former IndusInd Bank executives: Vaibhav Tambe (CEO), Lavin Kotian, Pulak Jain, and Sachin Gupta. They lived the corporate banking pain daily and knew exactly what needed fixing. CEO Tambe explained: “During our banking days, customers always asked for a single, consolidated platform for corporate banking. We thought, let’s take up this challenge.” That insider banking knowledge is why they could integrate with 60+ banks – former bank executives actually get their calls returned!

TransBnk Targets Southeast Asia & Middle East Expansion with New Funds

With their fresh $25 million, TransBnk is going global! They’re targeting expansion into Southeast Asia and the Middle East – smart move since corporate banking problems exist everywhere, not just India. They’re also expanding into new sectors like real estate, pharma, and renewable energy. Each industry has complex transaction banking needs that traditional banks struggle to handle efficiently. With India’s B2B fintech market projected to hit $20 billion by 2030, TransBnk is perfectly positioned to capture massive market share across multiple regions!