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Digital Lender axio Raises $6 Mn Debt From Alteria Capital

Inc42 · 1y

Bengaluru-based digital lender axio (formerly known as Capital Float) has raised $6 million in debt funding from Alteria Capital. The funding will be used to provide loans to axio's customers. The company, registered as a non-banking finance company (NBFC), offers pay later, personal credit, and money management services. With over 15 million customers, axio serves both credit customers and merchants. Previously, axio raised $50 million in equity funding in 2021 to strengthen its platform and expand its partner ecosystem. Debt funding has become increasingly popular in India's startup ecosystem in recent years.