Reported about 8 hours ago
TransBnk, a Mumbai-based startup, has raised $25 million in funding to tackle the outdated corporate banking landscape in India, which lags significantly behind the consumer fintech sector. Despite the rapid growth of digital payments for consumers, businesses still rely on inefficient manual processes for transaction banking. TransBnk aims to provide a unified platform for businesses to access various banking services seamlessly, having already integrated with 40 banks and serving over 220 customers. The company plans to expand regionally and into various sectors with the new capital.
Source: YAHOO