The seed round was led by Picus Capital, with participation from ITI Growth Opportunities Fund, Nazara Technologies, 8i Ventures, Waveform Ventures, Warmup Ventures, Bombay54, Bharat Founders Fund, and a host of angel investors.
The program offers rapid access to funding, with a streamlined process designed to provide founders with a response within one week, a term sheet in two weeks, and deal closure in just four weeks.
TransBnk will use its recent funding to expand into the Middle East and Southeast Asia, strengthen its banking network, enhance its tech infrastructure, and improve its product offerings.