TransBnk Raises $25M to Fuel Middle East and East Asia Expansion

Malaz Madani

Last updated 1-09-2025

3 min

TransBnk secures $25 million Series B funding, led by Bessemer Venture Partners.

The funds will support expansion in the Middle East and East Asia regions.

TransBnk provides flexible banking infrastructure via easy-to-integrate APIs for banks and fintechs.

Over 40 banks and 220 clients engage with TransBnk's modular system monthly.

The funding suggests increased competition among fintechs to innovate in cross-border services.

There’s big news on the fintech front—India’s TransBnk has just landed a hefty $25 million in Series B funding, with Bessemer Venture Partners stepping up as lead investor. Joining the party were names like Arkam Ventures, Fundamentum Partnership, 8i Ventures, Accion Venture Labs, and GMO Venture Partners. Not only does this fresh round of backing boost confidence in TransBnk’s platform, but it also signals their plans to make a proper splash across the Middle East and East Asia.

TransBnk, founded in 2022, has been making a name for itself out of Mumbai by offering flexible banking infrastructure through easy-to-integrate APIs. The aim? To help banks, fintechs, and corporates cut down on all the faff that usually comes with transaction services—think escrows, trade finance, cash management, remittances, invoice payments, and more. Last I checked, they’ve already managed to connect with more than 40 banks and have over 220 clients in the bag, all while dealing with nearly 1,500 API calls every single month.

From my own experience watching the MENA startup space, I reckon there’s real appetite for platforms that sweep aside old, creaky systems in favour of sleek, modular software. TransBnk seems to have clocked this, and the backing they’ve just recieved will likely help them double down, especially when it comes to hiring sharper product teams and expanding their client list. If you ask me, their focus on software-as-a-service banking rings spot on for what the region is craving right now.

The fundraise also suggests we might see rival fintechs upping their game, scrambling to offer quick, cost-effective cross-border services. Having seen countless founders get bogged down by legacy tech, it’s honestly refreshing to see an outfit trying to smooth the way, even if the landscape is crowded.

Meanwhile, you might find it interesting—there’s a bit of a domino effect happening in the sector. Munify, another fintech that went through Y Combinator and focuses on instant, low-fee remittance and US banking for Egyptians abroad, recently secured $3 million seed funding. And to top it off, Barakah (founded by Rabah Habiss and Abdulaziz Al Saud), which targets food waste by linking bakeries and restaurants to surplus buyers, is causing a stir too.

Looking at the pace of fintech innovation in the region, especially from my seat at Arageek where we see startups pushing the envelope every day, it feels like things are only just warming up. TransBnk’s latest raise is more than just a number; it’s a sign that competition is heating up, and those who can cut through the noise (and the paperwork) will be the ones to watch. Of course, there’s bound to be a few bumps in the road—as with any expansion abroad—so it’s definately not a guaranteed walk in the park. But all the same, I’ll be keeping my eye on how they navigate the next chapter.

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