Banking infrastructure startup TransBnk raises $25 million from Bessemer Venture Partners, others

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Banking infrastructure startup TransBnk has raised $25 million in a funding round led by Bessemer Venture Partners, with participation from Arkam Ventures and Fundamentum Partnership.

The investment was made from Bessemer’s second India-focussed fund, which has a corpus of $350 million and was launched earlier this year. Existing backers 8i Ventures, Accion Venture Labs and GMO Venture Partners also participated.

Founded in 2022 by Vaibhav Tambe, a former senior executive at IndusInd Bank, along with Lavin Kotian, Pulak Jain and Sachin Gupta,…



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Banking infrastructure startup TransBnk raises $25 million from Bessemer Venture Partners, others



Banking infrastructure startup TransBnk has raised $25 million in a funding round led by Bessemer Venture Partners, with participation from Arkam Ventures and Fundamentum Partnership.

The investment was made from Bessemer’s second India-focussed fund, which has a corpus of $350 million and was launched earlier this year. Existing backers 8i Ventures, Accion Venture Labs and GMO Venture Partners also participated.

Founded in 2022 by Vaibhav Tambe, a former senior executive at IndusInd Bank, along with Lavin Kotian, Pulak Jain and Sachin Gupta,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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