With India's corporate banking lagging decades behind consumer fintech, TransBnk raises $25M to bridge the gap

While digitization has transformed banking for Indian consumers, corporate banking has been left in the slow lane — still relying heavily on clunky infrastructure, paper trails, and spreadsheet-heavy workflows. TransBnk wants to address that gap, and Bessemer Venture Partners has invested in the three-year-old startup in a $25 million round to accelerate its progress.

Over the past decade, India has experienced a significant boom in consumer fintech, driven by transformative shifts such as the rise of digital payments through the government-backed Unified Payments Interface (UPI) and the proliferation of payment aggregators. However, these innovations have done little to enhance the experience for businesses, especially in transaction banking, where payments, collections, and even accou