Exclusive: axiTrust To Raise $5 Mn From Argor.vc, Others

Fintech startup axiTrust is in talks to raise around $5 Mn in fresh capital in its Series A funding round, people aware of the matter told Inc42 on the condition of anonymity. 

The fresh round is likely to be led by Singapore based Argor.vc, and will see participation from axiTrust’s existing investor General Catalyst. 

Questions sent to axiTrust didn’t elicit any response at the time of publishing the story. 

The fresh round has come almost a year after the startup raised $2.6 Mn in its seed funding round led by General Catalyst. Other investors  including Atrium Angels, YAN Network and Supermorpheous are also on the fintech startup’s cap table. 

The fresh capital will help the startup build digital infrastructure to accelerate adoption of its surety bonds offering.

For context, surety bonds are insurance-backed guarantees that assure a buyer or project owner that a business will fulfil its contractual obligations. Instead of blocking the capital as collateral, they allow the buyers to pay a premium to secure the guarantee, helping free up working capital and reduce financial strain.

Founded in 2024  by Aditya Tulsian (CEO), Rajeev Chari (COO), and Mukund Daga (CRO), axiTrust issues, underwrites and manages digital surety bonds, providing an alternative to traditional, collateral-heavy bank guarantees. 

As per the startup, more than ₹15 Lakh Cr of MSME working capital is locked up as collateral for bank guarantees, and replacing these traditional guarantees with insurance-backed digital surety bonds can free that capital, expand credit access, and improve trust in business transactions.

From digital underwriting and AI-based risk assessment to cashflow-based lending and embedded finance, they are filling long-standing gaps that traditional banks could not address efficiently. These solutions are helping businesses and consumers access credit with fewer delays, lighter paperwork, and better transparency.

 Investors are actively backing such startups because the lending market in India is massive, still underserved, and primed for digital disruption offering both strong growth potential and meaningful financial inclusion.

As per Inc42’s Indian Tech Startup Funding Report Q3 2026, the fintech sector saw funding of $243 Mn across 13 deals. Of these, the heavy lifting was done by lendingtech startup Centricity ₹280 Cr round and Navi’s $100 Mn pre-IPO funding. 

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