TransBnk Solutions Private Limited has raised $25 million from a Series B fundraise led by Bessemer Venture Partners, and also saw participation from Arkam Ventures and Fundamentum Partnership as well as existing investors.
Shardul Amarchand Mangaldas & Co advised TransBnk on this fundraise.
The transaction team was led by Nikita Goyal (Partner), with support from Ayush Singh (Senior Associate) and Ananya Vajpeyi (Associate).
Argus Partners advised investors Arkam Ventures and Fundamentum Partnership on this fundraise.
The transaction team consisted of Ankit Guha (Partner), Jitendra Soni (Partner) and Sadia Akhter (Senior Associate).
Cyril Amarchand Mangaldas advised lead investor Bessemer Venture Partners on this fundraise.
SAMVĀD: Partners advised existing investor 8i Ventures on this fundraise.
TransBnk is a Transaction Banking Platform designed to empower Corporate, Commercial, and Institutional clients by facilitating agile, secure, and robust transactions. Their range of services includes digital lending, supply chain solutions, marketplace solutions, capital market services, and custodial services.
TransBnk intends to deploy the fresh capital towards hiring sector-specific product specialists, strengthening its technology team, and expanding into new geographies including Southeast Asia and the Middle East, while continuing to build its team in India.
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