In March 2023, 8i Ventures led a $1 million seed round for fintech startup TransBnk. Growthcap Ventures, Leadway Ventures LLP, and Growth Sense also participated, alongside family offices, institutions, and angel investors.
TransBnk is a startup in Mumbai. It offers a cloud-based transaction banking platform. It serves corporates and financial institutions. The platform automates payments, reconciliation, and reporting for businesses..
The company was founded in April 2022 by Vaibhav Tambe, Akhil Jain, and Sameer Agarwal. Tambe is a former banker with over 20 years of experience in transaction banking. Jain is a technology entrepreneur with experience in building and scaling SaaS businesses. Agarwal is a financial services professional with experience in treasury and risk management.
TransBnk has secured seed funding. It will use the funds to expand its team, develop its platform, and attract more customers. The company’s goal is to be a top transaction banking solutions provider in India.
