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India's corporate banking sector is significantly lagging behind the consumer fintech market, prompting the launch of Transbnk, which has successfully raised $25 million to address this gap. The startup aims to enhance corporate banking services and improve access for businesses in India.
UK fintech company Tide has achieved unicorn status with backing from TPG, fueled by the growing demand from India's small businesses. This milestone underscores the increasing significance of small enterprises in driving economic growth and innovation within the fintech sector.