TransBnk Raises $25M to Modernize India’s Outdated Corporate Banking
With India’s corporate banking lagging decades behind consumer fintech, TransBnk raises $25M to bridge the gap.
Matilda
TransBnk Raises $25M to Modernize India’s Outdated Corporate Banking With India’s corporate banking lagging decades behind consumer fintech, TransBnk raises $25M to bridge the gap With India’s corporate banking lagging decades behind consumer fintech, TransBnk raises $25M to bridge the gap and modernize the country’s outdated systems. While Indian consumers enjoy seamless UPI payments and app-based financial services, businesses are still stuck with clunky portals, paper trails, and spreadsheet-heavy workflows. Image Credits:DEV IMAGES / Getty Images Bessemer Venture Partners has backed TransBnk with a $25 million investment to speed up the digitization of corporate banking and close this critical gap. Consumer fintech thrives, but corporate banking falls behind Over the last decade, consumer fintech in India has exploded. UPI revolutionized payments, and aggregators made digital transactions mainstream. Yet, businesses have been left behind. In transaction banking, tasks like payments, collections, and reconciliations still involve manual processes. Many bu…
