TransBnk, a Mumbai-based transaction banking platform, has raised USD 4 million in Series A funding led by 8i Ventures, with Accion Venture Lab, GMO Venture Partners, Ratio Ventures, Force Ventures, and other investors also participating. Rahil Rangwala, Managing Partner at Accion Venture Lab, highlighted the platform’s potential to improve financial access, particularly for micro and small entrepreneurs. He stated, “With strong revenue growth, TransBnk has proven that its transaction banking model can make these transactions easier, increasing access. The company is in an excellent position to expand their model internationally with this raise, enabling it to reach more underserved entrepreneurs.”
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