TransBnk 🇮🇳 – Innovative payments platform

Image representing TransBnk 🇮🇳

Old banks, new moves.

What they do:

• Create safe money boxes. The money stays locked and is released only when both sides are happy.

• Move company cash automatically.

• Match payments without messy spreadsheets.

Why it matters: fewer mistakes, faster deals, less stress.

Real traction:

• Connected to 40+ banks

• 220+ business customers

• Used about 1,500 times a month

• Founded in 2022 by Vaibhav Tambe, Lavin Kotian, Pulak Jain, and Sachin G.

Latest round: On Aug 28, they raised ₹2B ($25M) led by Bessemer Venture Partners, with Arkam Ventures, The Fundamentum Partnership, 8i Ventures, Accion, and GMO VenturePartners,Inc.

Numbers (FY 2023–24): revenue $335K; net loss $156K. Early, focused, and building.

#fintech #banking #startups #India #payments #escrow #TransBnk #fintechoftheweek

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