axiTrust set to raise $5M
By Abha Lohia ·
- AxiTrust is a fintech startup offering digital surety bonds and risk tools that help small businesses secure financial transactions
- The company is lining up about $5 million in new capital, with Argor.vc and other investors expected to join
- The round is still being finalised, so terms, final investors and timing may change before it closes
What happened
- axiTrust plans to raise about $5 million.
- Argor.vc is among the expected investors.
Why it matters
- Small firms often struggle to post guarantees; digital surety bonds can ease that.
The business
- Offers digital surety products for small businesses.
Who put in money
- Argor.vc investor
What happens next
- Round to close
Terms in this story
- Startup: A startup is a young company built to find a new way of doing something and to grow fast, usually by serving many customers at low extra cost. India's government also has a narrower legal definition that decides who gets scheme benefits.
- Fintech business model: Fintech startups make money in a handful of ways: charging a fee on each payment, earning interest on loans, taking a commission for selling financial products, or selling software to banks and businesses. Most successful companies combine two or three of these.
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