Exclusive: axiTrust To Raise $5 Mn From Argor.vc, Others
axiTrust, founded in 2024, is securing $5 million in Series A funding led by Argor.vc with participation from existing investor General Catalyst. The startup provides digital infrastructure for surety bonds, which are insurance-backed guarantees that replace traditional collateral-heavy bank guarantees. According to the company, over ₹15 lakh crore of MSME working capital is currently locked up as collateral for bank guarantees in India, representing significant opportunity for digital alternatives.
Key points
- Series A: $5M led by Argor.vc, with General Catalyst participation
- Founded 2024 by Aditya Tulsian, Rajeev Chari, and Mukund Daga
- Digitizes surety bonds to reduce collateral requirements for MSMEs
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