About axio
axio is a company based in Pune (India) founded in 2014 was acquired by axio in August 2018. It operates as a FinTech and Subscription Services. axio has raised $9.38 million across 3 funding rounds from investors including axio, Sequoia Capital and Elevation Capital. The company has 162 employees as of June 30, 2024. axio offers products and services including Personal Finance Manager, Buy Now, Pay Later, and Personal Loans. axio operates in a competitive market with competitors including CRED, CheQ, Wizi, ExpenseBit and WealthPack, among others.
- Headquarter Pune, India
- Employees 162 as on 30 Jun, 2024
- Stage Minicorn
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Sectors
TechnologyFinancial Services
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Capfloat Financial Services Private Limited
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Annual Revenue
$7.48 M (USD)219as on Mar 31, 2023
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Net Profit
-$3.32 M (USD)44as on Mar 31, 2023
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EBITDA
-$2.57 M (USD)45as on Mar 31, 2023
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Total Equity Funding
$9.38 M (USD)
in 3 rounds
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Latest Funding Round
$484.17 K (USD), Series A
Oct 30, 2018
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Investors
axio
& 3 more
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Employee Count
162
as on Jun 30, 2024
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Acquired by
axio
(Aug 14, 2018)
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Products & Services of axio
axio offers a comprehensive portfolio of products and services, including Personal Finance Manager, Buy Now, Pay Later, and Personal Loans.
Expenses are tracked and managed with personalized financial tips.
Purchases are enabled instantly with flexible repayment plan options.
Quick loans are provided with competitive rates for users.
Funding Insights of axio
axio has successfully raised a total of $9.38M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $484.17 thousand completed in October 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in axio
axio has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include axio, Sequoia Capital and Elevation Capital.
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Sequoia Capital is engaged in venture capital investments.
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Elevation Capital is focused on early-stage tech investments in India.
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An online lending platform for point-of-sale financing is provided.
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Investor details for axio
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Investments & Acquisitions by axio
Investment portfolio details for axio
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Financial Statements - axio
Detailed financials for axio
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Axio Comparisons
Peer comparison for axio
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Competitors of axio
axio operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CRED, CheQ, Wizi, ExpenseBit and WealthPack, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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CRED is operated as a members-only financial rewards club.
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Provider of credit card bill payment and rewards platform
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App-based platform for credit card bill payments
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Developer of a personal finance management mobile application
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Personal finance is automated with real-time updates and transaction categorization.
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Offers a user-friendly personal finance management tool for individuals.
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Detailed competitors of axio
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Latest news on Axio
Complete news archive for axio
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Frequently Asked Questions about axio
axio was founded in 2014.
axio is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
axio is a funded company, having raised a total of $9.38M across 3 funding rounds to date.
As of Jun 30, 2024, the latest employee count at axio is 162.
Annual revenue of axio is $7.48M as on Mar 31, 2023.
Innovative financial solutions are offered by axio to empower individuals with financial freedom. Services including Personal Finance Management, Buy Now Pay Later options, and personal loans are provided through a digital platform. Partnerships with top brands are leveraged to deliver seamless tools for budgeting, shopping, and accessing funds. The focus is placed on transparency, flexibility, and efficiency in transforming financial journeys. Sectors such as consumer finance and digital lending are primarily targeted, with solutions tailored for a digital lifestyle.
axio offers Personal Finance Manager, Buy Now, Pay Later, and Personal Loans.
axio has 4 investors. Key investors include axio, Sequoia Capital, Elevation Capital, and Elevation Capital.
The valuation of axio is $29.54M as of Oct 2018.