TransBnk, a banking infrastructure platform founded in 2022, has secured $25 million in Series B funding led by Bessemer Venture Partners, with participation from several other investors. The company plans to use the investment to expand globally, focusing on Southeast Asia and the Middle East, and to bolster its technology and product teams. TransBnk's platform enables businesses to connect with multiple banks through a unified interface, streamlining onboarding, payments, collections, and reconciliations. With over 40 banks integrated and more than 220 clients, TransBnk is also piloting artificial intelligence-driven analytics to provide enhanced insights for corporate treasury and liquidity management. The company expects its global expansion to accelerate following this latest fundraise.

Original article source: https://timesofindia.indiatimes.com/business/india-business/transbnk-raises-25-million-led-by-bessemer-to-scale-corporate-banking-infra/articleshow/123568592.cms
Source Id: 8836786729