TransBnk 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.
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).
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.
If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.