Fintech startup AxiTrust has raised ₹23.5 crore in a seed funding round led by General Catalyst, with participation from Atrium Angels, YAN Network, Supermorpheous and several individual investors. The capital marks a major step in AxiTrust’s mission to create digital infrastructure for surety bonds, a category poised to transform India’s credit and procurement landscape.
Digitising India’s Surety-Bond Ecosystem
AxiTrust will use the funds to build the technology rails that will power large-scale adoption of surety bonds across India’s banking, insurance, and procurement networks. Surety bonds—common in global markets—offer an insurance-backed, digital alternative to conventional bank guarantees, reducing the need for collateral while freeing up liquidity for businesses.
By enabling a transition away from collateral-heavy guarantees, AxiTrust aims to unlock credit for thousands of MSMEs participating in government and private supply chains.
A Platform Built for Trust, Scale and Liquidity
Founded in 2024 by Aditya Tulsian, Rajeev Chari, and Mukund Daga, AxiTrust combines deep expertise in fintech, insurance and risk management to build a scalable trust layer for India’s MSME ecosystem. The platform works with insurers, financial institutions and policy stakeholders to accelerate the adoption of surety-backed solutions.
Its technology is designed to help banks and insurers issue, manage and deploy digital surety bonds securely and at scale, creating a unified infrastructure layer for the expanding surety economy.
Founder Insight
“This is about building a new trust architecture for India’s financial system, one that expands opportunities for MSMEs to participate in government and private supply chains,” said Aditya Tulsian, CEO and co-founder of AxiTrust.
Final Take
As India modernises its financial infrastructure, AxiTrust’s digital-first approach positions surety bonds as a powerful alternative that can unlock liquidity, expand credit access, and strengthen business trust nationwide.
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