TransBnk, a banking infrastructure startup, has raised $25 million in its Series B funding round led by Bessemer Venture Partners.

The investment also saw contributions from Arkam Ventures and Fundamentum Partnership and existing backers including 8i Ventures, Accion Venture Labs, and GMO Venture Partners.

The fresh capital will be used for TransBnk's expansion into Middle East and Southeast Asia. The funding will also be used to strengthen its technology and product teams.

Founded in 2022 by Vaibhav Tambe, Lavin Kotian, Pulak Jain, and Sachin Gupta, TransBnk has developed a comprehensive transaction banking platform.

TransBnk's solution enables fintechs and corporations to connect with banking networks through streamlined API integrations, eliminating the complexity of dealing with multiple banking relationships. TransBnk's platform encompasses various financial services including escrow management, trade finance solutions, remittance processing, cash flow management, and tax payment facilitation.

The startup has  integrated with more than 40 banking partners and serves over 220 clients who collectively access approximately 1,500 APIs monthly.

The startup's latest capital injection comes less than a year after the company's $4 million in its Series A round in August 2024.

TransBnk operates in a competitive landscape alongside players like Tazapay, Setu, and Escrowpay.