Fintech startup TransBnk raises $4M in Series A round from 8i Ventures, Accion Venture Lab, others

Transaction banking startup TransBnk on Wednesday announced $4 million funding in Series A round led by early-stage VC 8i Ventures and co-led by impact investor for fintech startups Accion Venture Lab. GMO Venture Partners, Ratio Ventures, Force Ventures along with a prominent group of family offices, institutions, and angel investors also participated in the round.

The latest round comes after the company raised its maiden seed round last year. It plans to deploy the fresh capital towards growing its network of banking partners, eyeing expansion to the Middle East and South East Asia markets and enhancing its technology infrastructure.