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.
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.
03/28/25, 8:49 AM
Location
mumbaiMoney raised
$2.57 million
Industry
fintech
financial services
Round Type
seed
Investors
Angel List, Good Capital, Veltis Capital, General Catalyst
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 Info
Location
mumbai, maharashtra, india
Additional Info
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.