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INDUSTRY FIRST

Indian fintech startup axiTrust has raised $2.6 million in a seed funding round led by General Catalyst. The funds will be used for hiring, app development, and marketing as axiTrust looks to enhance its micro surety bond services for MSMEs.

Mar 28, 20255 months ago

Amount Raised

$2.57 Million

Round Type

seed

MumbaiFintechFinancial Services

Investors

Angel ListGood CapitalVeltis CapitalGeneral Catalyst

Description

Mumbai-based fintech startup axiTrust Surety has raised 22 crore rupee (US$2.57 million) in a seed funding round led by US-based venture capital firm General Catalyst. Veltis Capital, Good Capital, and AngelList also participated. Founded in 2024, axiTrust offers micro surety bonds for MSMEs, providing collateral-free alternatives to traditional bank guarantees. The company plans to use the new funds for hiring, app development, and marketing.

Company Information

Company

axiTrust

Location

Mumbai, Maharashtra, India

About

axiTrust is a fintech startup that offers micro surety bonds for MSMEs, providing collateral-free alternatives to traditional bank guarantees. Founded in 2024, it was established by Aditya Tulsian, Mukund Daga, and Rajeev Chari. The company aims to integrate its platform with MSME systems to deliver real-time insights and automation. With a current team of eight members, axiTrust plans to use its funding for hiring, app development, and marketing.

FundzWatch™ Score

62
Medium Activity

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