In a seed funding round headed by General Catalyst, fintech firm AxiTrust raised Rs 23.5 crore. Atrium Angels, YAN Network, Supermorpheous, and other investors and angels also participated.
Key Highlights
- AxiTrust secured ₹23.5 crore in seed funding, with General Catalyst leading the investment round strategically.
- The fintech startup will use the new capital to expand product development and accelerate market penetration.
According to a press release from AxiTrust, the money raised will be utilized to develop the digital infrastructure that will enable the widespread use of surety bonds throughout India's banking, insurance, and procurement sectors.
AxiTrust Surety is a technology-driven platform that was co-founded in 2024 by Aditya Tulsian, Rajeev Chari, and Mukund Daga with the goal of developing the digital infrastructure for surety bonds in India. The company makes it possible for different parties in the financial ecosystem to switch from traditional bank guarantees to digital, insurance-backed solutions that increase business trust and liberate liquidity.
The Gurugram-based business claims that it creates a scalable trust layer for India's MSME ecosystem by combining extensive knowledge in fintech, insurance, and risk management. The platform partners with top insurers, financial institutions, and policy stakeholders to encourage the use of surety bonds and drive inclusive economic growth.
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Surety bonds can increase credit availability, boost trust in commercial transactions, and unleash liquidity by substituting insurance-backed, digital assurances for conventional, collateral-heavy ones.
Aditya Tulsian, CEO and co-founder of AxiTrust, stated, "This is about building a new trust architecture for India's financial system, one that expands opportunities for MSMEs to increase participation across Government and private supply chains."
As the infrastructure enabler of this new assurance economy, AxiTrust facilitates the safe, quick, and large-scale deployment of surety-backed solutions by banks, insurers, and platforms.
