While India's consumer fintech revolution has transformed personal banking, corporate banking remains trapped in manual processes and spreadsheet reconciliation. TransBnk just secured $25 million from Bessemer Venture Partners to bridge this gap with what it calls a "common operating system" for enterprise banking. The three-year-old startup is targeting India's 75 million SMEs stuck in banking stone age.
TransBnk just landed $25 million to tackle one of fintech's biggest blind spots: India's corporate banking infrastructure. Bessemer Venture Partners led the Series B round for the Mumbai startup that's building what CEO Vaibhav Tambe calls a "common operating system" to drag enterprise banking into the digital age.
The timing couldn't be more critical. While India's consumer fintech explosion created payment unicorns and digital wallet empires, corporate banking got left behind in manual process hell. Companies still juggle multiple banking portals, reconcile payments through spreadsheets, and wait days for basic transactions that should take minutes. "During our banking days, we always got a lot of customers asking us for a single, consolidated platform for transaction banking," Tambe told TechCrunch. "We thought, let's take up this challenge."
The market opportunity is staggering. India hosts 75 million SMEs — the world's largest small business ecosystem — yet most rely on banking infrastructure that predates smartphones. The country's B2B fintech market is projected to hit $20 billion by 2030, according to Chiratae Ventures research. Despite India's 26 fintech unicorns worth $90 billion combined, most focus on payments and lending rather than core banking infrastructure.
TransBnk's approach centers on integration complexity that most startups avoid. The company has connected 60 banks to its platform, with 40 fully integrated for live transaction processing, payments, and reconciliation. Co-founded by four former bankers — Tambe, Lavin Kotian, Pulak Jain, and Sachin Gupta — in 2022, the startup leverages deep banking relationships to access legacy core systems and enterprise stacks like ERPs and treasury platforms.
