TransBnk secures in Series A for transaction banking innovation

According to IBS Intelligence, the investment round was spearheaded by 8i Ventures, a venture capital firm with a focus on early-stage investments in India, and Accion Venture Lab, which supports FinTech startups aiming to broaden financial access globally. Additional support came from GMO Venture Partners, Ratio Ventures, and Force Ventures, supplemented by various family offices, institutional, and angel investors.

TransBnk operates as a pivotal backbone for both traditional and contemporary BFSI entities, allowing them to develop new applications across different business areas such as lending, payments, and customer onboarding. By offering an API-driven enhancement to the current infrastructure, TransBnk enables the delivery of financial services that are scalable, robust, and compliant with existing regulations.