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, 2025•5 months ago
Amount Raised
$2.57 Million
Round Type
seed
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.
FundzWatch™ Score
62
Medium Activity
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers