Banking infrastructure startup TransBnk raises $25 million from Bessemer Venture Partners, others

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TransBnk, a banking infrastructure startup, secured $25 million in funding led by Bessemer Venture Partners to fuel its expansion into Southeast Asia and the Middle East. The company aims to enhance its technology and product teams while capitalizing on banks' transition to modular, opex-led technology stacks. TransBnk's platform connects fintechs and corporates with multiple banks through its API-driven system.