While digitization has transformed banking for Indian consumers, corporate banking has been left in the slow lane — still relying heavily on clunky infrastructure, paper trails, and spreadsheet-heavy workflows. TransBnk wants to address that gap, and Bessemer Venture Partners has invested in the three-year-old startup in a $25 million round to accelerate its progress.
Over the past decade, India has experienced a significant boom in consumer fintech, driven by transformative shifts such as the rise of digital payments through the government-backed Unified Payments Interface (UPI) and the proliferation of payment aggregators. However, these innovations have done little to enhance the experience for businesses, especially in transaction banking, where payments, collections, and even account statements still rely on manual processes. Business customers often juggle multiple internet banking portals and rely on spreadsheets for reconciliation. This gap persists despite India being the world’s largest small and medium enterprise (SME) market, with nearly 75 million SMEs — all of which would benefit from more modern financial infrastructure.
The untapped potential in corporate banking represents a lucrative opportunity. India’s B2B fintech industry is projected to reach a market size of $20 billion by 2030, according to a February 2024 report by Chiratae Ventures and The Digital Fifth. The country is already home to 26 fintech unicorns with a combined market value of $90 billion, per data analyzed by JM Financial last year. However, most of these startups have focused primarily on innovations in payments and lending rather than core banking infrastructure.
Mumbai-based TransBnk, co-founded by former bankers Vaibhav Tambe, Lavin Kotian, Pulak Jain, and Sachin Gupta, positions itself in this space with what it calls a “common operating system” — a single window through which businesses can access the banking ecosystem. It offers a foundational layer of microservices, enabling use cases such as treasury, liquidity, and escrow management to be built upon.
“During our banking days, we always got a lot of customers asking us for a single, consolidated platform for transaction banking or corporate banking on a single particular stack,” said Tambe, co-founder and CEO, in an interview. “And we thought, let’s take up this challenge… The idea was that can we consolidate and integrate with multiple banks and then create a single platform, be it in the form factors, like the web interface or mobile app, or maybe SDKs, or API?”
Founded in 2022, the startup says it right now works with 60 banks, with 40 fully integrated into its platform to process transactions, payments, and even the core functionality reconciliation. It also has 220 customers, of which 80% are merchants, including lenders, fintechs, and non-bank financial companies (NBFCs), while the remaining 20% are banks that have white-labeled its software to provide corporate banking services to their customers.
Globally, companies like Finastra, Temenos, and Infosys’ Finacle are helping modernize banking through software platforms. In the U.S., players like Treasury Prime offer embedded banking solutions for enterprise customers. But in India, startups in this domain remain few and far between.
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Building for this space requires deep expertise in banking infrastructure — integrating with legacy core banking systems and connecting them to enterprise stacks, such as ERPs and treasury platforms. It also requires close relationships with banks to access and build upon their data and workflows.
Over the past year, TransBnk says that it has grown its revenue more than 12x, reaching around $12 million in annual recurring revenue. The startup says it turned profitable after taxes in February and what it describes as healthy gross margins of roughly 80%. The company states that it enables around 110 million transactions monthly, covering 11,000 bank accounts and utilizing over 1,500 APIs.
The Series B funding round, which includes $4 million in secondary, also saw participation from Fundamentum, Arkam Ventures, 8i Ventures, Accion, and Japan’s GMO Venture Partners. The startup plans to expand beyond India and enter markets such as Southeast Asia and the Middle East, continuing to build its infrastructure platform layer. It also intends to expand its reach to sectors including real estate, pharma, and renewable energy, Tambe told TechCrunch.
With the latest funding, TransBnk has raised around $26 million in total. Its valuation grew 7x from the last round, Tambe said, without providing specifics.
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![‘Project Hail Mary’ Won’t Be Coming to Streaming Any Time Soon
With all the excitement of movies to come this week thanks to CinemaCon, it was almost easy to forget that MGM provided an interesting update on one of our favorite movies of the year that’s already out: Project Hail Mary will head back to IMAX theaters this weekend for an extended theatrical run. But that extension also means one thing: you’ll have to wait to stream it at home for a good while longer. During its presentation at CinemaCon this week MGM confirmed that Phil Lord and Chris Miller’s sci-fi hit would make its return to IMAX screens for a limited-time, one-week run starting this weekend, a move that will likely inch Project Hail Mary ever closer to crossing the $600 million box office mark. But to put a finer point on the news, Miller took to Twitter yesterday to confirm specifically that the extension means you won’t be able to watch the film at home for the forseeable future.
We announced yesterday that MGM is extending the exclusive theatrical window for PROJECT HAIL MARY so it won’t be on streaming anytime soon. This is a movie that needs to be seen on a big screen – and w a full return to IMAX screens for 1 week only starting this weekend, make… https://t.co/suK8NYpgWM — Christopher Miller (@chrizmillr) April 16, 2026 “It won’t be on streaming any time soon,” Miller’s tweet reads in part. “This is a movie that needs to be seen on a big screen […] Bring friends and loved ones. It’s an experience to share with others.” Project Hail Mary launched on March 20, so it’s not too surprising that it’s not headed home just yet—it’s just shy of a month into its theatrical window, which has now been extended by at least another week with the return to IMAX. But as studios begin to try realigning towards more theatrical releases with longer exclusivity windows again (one of the lingering aftereffects of covid’s impact on movie theaters), we should probably expect some of the biggest films of the year and beyond to try and hold off of hitting streaming for as long as they can.
At least in Project Hail Mary‘s case, you can still go and see it somewhere, even if it’s not at home. Good things come to those who wait, but for now, you can head to a movie theater to get your fix again. Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who. #Project #Hail #Mary #Wont #Coming #Streaming #TimeAmazon MGM,Project Hail Mary,Streaming ‘Project Hail Mary’ Won’t Be Coming to Streaming Any Time Soon
With all the excitement of movies to come this week thanks to CinemaCon, it was almost easy to forget that MGM provided an interesting update on one of our favorite movies of the year that’s already out: Project Hail Mary will head back to IMAX theaters this weekend for an extended theatrical run. But that extension also means one thing: you’ll have to wait to stream it at home for a good while longer. During its presentation at CinemaCon this week MGM confirmed that Phil Lord and Chris Miller’s sci-fi hit would make its return to IMAX screens for a limited-time, one-week run starting this weekend, a move that will likely inch Project Hail Mary ever closer to crossing the $600 million box office mark. But to put a finer point on the news, Miller took to Twitter yesterday to confirm specifically that the extension means you won’t be able to watch the film at home for the forseeable future.
We announced yesterday that MGM is extending the exclusive theatrical window for PROJECT HAIL MARY so it won’t be on streaming anytime soon. This is a movie that needs to be seen on a big screen – and w a full return to IMAX screens for 1 week only starting this weekend, make… https://t.co/suK8NYpgWM — Christopher Miller (@chrizmillr) April 16, 2026 “It won’t be on streaming any time soon,” Miller’s tweet reads in part. “This is a movie that needs to be seen on a big screen […] Bring friends and loved ones. It’s an experience to share with others.” Project Hail Mary launched on March 20, so it’s not too surprising that it’s not headed home just yet—it’s just shy of a month into its theatrical window, which has now been extended by at least another week with the return to IMAX. But as studios begin to try realigning towards more theatrical releases with longer exclusivity windows again (one of the lingering aftereffects of covid’s impact on movie theaters), we should probably expect some of the biggest films of the year and beyond to try and hold off of hitting streaming for as long as they can.
At least in Project Hail Mary‘s case, you can still go and see it somewhere, even if it’s not at home. Good things come to those who wait, but for now, you can head to a movie theater to get your fix again. Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who. #Project #Hail #Mary #Wont #Coming #Streaming #TimeAmazon MGM,Project Hail Mary,Streaming](https://gizmodo.com/app/uploads/2026/04/project-hail-mary-ryan-gosling-1280x853.jpg)
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