Team StartupCity

• AxiTrust secures Rs 23.5 crore seed funding led by General Catalyst.
• Funds to develop digital infrastructure for surety bonds across banking and insurance.
• Platform aims to unlock liquidity and strengthen trust for MSMEs.

Fintech startup AxiTrust has raised Rs 23.5 crore in a seed round led by General Catalyst, with participation from Atrium Angels, YAN Network, Supermorpheous, and other investors. The fresh capital will help the company build a digital platform to drive large-scale adoption of surety bonds across India’s banking, insurance, and procurement ecosystems.

Founded in 2024 by Aditya Tulsian, Rajeev Chari, and Mukund Daga, AxiTrust Surety is designed to replace traditional bank guarantees with insurance-backed, digital alternatives. The platform aims to unlock liquidity, expand credit access, and enhance trust in business transactions, particularly for India’s MSME sector. By leveraging fintech, insurance, and risk management expertise, AxiTrust partners with insurers, banks, and policy stakeholders to create a scalable trust layer that drives inclusive economic growth.

Aditya Tulsian, CEO and Co-Founder of AxiTrust, said, “This is about building a new trust architecture for India’s financial system, enabling MSMEs to participate more broadly in government and private supply chains”. The startup acts as the infrastructure enabler, helping financial institutions and platforms deploy surety-backed solutions securely, efficiently, and at scale.

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With its innovative approach, AxiTrust is positioning itself as a key player in India’s emerging digital surety economy, aiming to make business transactions faster, safer, and more transparent for all stakeholders.