About axio
axio is a Technology company based in Pune (India) founded in 2014, and was acquired by axio in August 2018. Personal SMS inbox assistant and mobile expense tracker provided. It operates on a FinTech and Subscription Services model in Technology and Financial Services sectors. axio has raised $9.38 million across 3 funding rounds from investors including axio, Sequoia Capital and Elevation Capital. The company has 162 employees. axio was last valued at $29.54 million in October 2018. Its Indian entity Capfloat Financial Services Private Limited reported revenue of ₹384 Cr. axio offers products and services including Personal Finance Manager, Buy Now, Pay Later, and Personal Loans. Its focus areas include Consumer Finance and Digital Lending. Its competitors include CRED, CheQ and Wizi; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Pune, India
- Employees 162
- Stage Acquired
- SectorsTechnologyFinancial Services
- Website getwalnut.com
- Social LinkedIn Facebook Instagram
- Acquired by axio (Aug 2018)
- Legal Name Capfloat Financial Services Private Limited
- Date of Incorporation 06 Oct, 1993
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of axio
axio is associated with 2 registered companies on The Company Check; the primary company is Capfloat Financial Services Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Capfloat Financial Services Private Limited CIN U65993KA1993PTC074590 | Active | 06 Oct 1993 | Bangalore, Karnataka | ₹384 Cr | 357 | 10 | View details |
| Axio Digital Private Limited CIN U72900PN2014PTC153050 | Active | 10 Nov 2014 | Pune, Maharashtra | ₹113 Cr | 175 | 3 | View details |
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.
- Total Funding $9.38M
- Total Rounds 3
- Last Round Series A — $484,169
- First Round $1M
(Dec 2014)
- Investors Count 4
All 3 funding rounds of axio with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2018 | $484,169 | Series A | $29.54M | axio | – |
| May 2015 | $7.9M | Series A | $23.65M | Elevation Capital, SAIF Partners | |
| Dec 2014 | $1M | Seed | $••••• | Sequoia Capital | – |
| Date | Valuation | Stage |
|---|---|---|
| Oct 2018 | $29.54M | •••••••• |
| May 2015 | $23.65M | •••••••• |
| Dec 2014 | $••••• | •••••••• |
Full valuation and stage history of axio
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $29.54M (Oct 2018). 4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Elevation Capital is focused on early-stage tech investments in India. | elevationcapital.com | Delhi, India | ||
An online lending platform for point-of-sale financing is provided. | 2013 | axio.co.in | Bengaluru, India | |
Multiple sectors in India are invested in by SAIF Partners. | saifpartners.com | Gurugram, India |
Investor details for axio
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Board of directors of Capfloat Financial Services Private Limited (axio)
Capfloat Financial Services Private Limited is the primary company behind axio. The boards of the 2 registered companies of axio currently have 8 directors; the longest-serving is Gaurav Dinesh Hinduja, appointed in 2013. 34 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gaurav Dinesh Hinduja DIN 01264801 | Director | 21 Oct 2013 | 13 yrs | Capfloat Financial Services Private Limited, Axio Digital Private Limited |
| Sashank Ramasubban Rishyasringa DIN 06466985 | Director | 21 Oct 2013 | 13 yrs | Capfloat Financial Services Private Limited, Axio Digital Private Limited |
| Venkataraman Murali DIN 02820596 | Director | 29 Jun 2019 | 7 yrs 4 mo | Capfloat Financial Services Private Limited |
| Mahendra Jaywant Nerurkar DIN 08055586 | Director | 03 Sep 2025 | 1 yr 2 mo | Capfloat Financial Services Private Limited |
| Mahavir Jindal DIN 09752413 | Director | 03 Sep 2025 | 1 yr 2 mo | Capfloat Financial Services Private Limited |
| Nirav Ashwin Kamdar DIN 10837660 | Director | 03 Sep 2025 | 1 yr 2 mo | Capfloat Financial Services Private Limited |
| Preetham Nagaraja Murthy DIN 08716895 | Director | 11 Sep 2025 | 1 yr 1 mo | Capfloat Financial Services Private Limited |
| Mohamed Salim Asaria DIN 08880222 | Director | 30 Sep 2025 | 1 yr 1 mo | Capfloat Financial Services Private Limited |
Financials of axio
Figures of Capfloat Financial Services Private Limited, the primary company behind axio, for FY 2024. Revenue was ₹384 Cr (+75% year on year). Net loss was -₹17.58 Cr (-5% margin). EBITDA was ₹89.33 Cr (23% margin). Revenue has grown at a compounded annual rate of +46% over three years and +9% over five years.
- ₹384 CrRevenue · FY 2024 · +75% YoY
- -₹17.58 CrNet loss · -5% margin
- ₹89.33 CrEBITDA · 23% margin
- ₹10.08 CrPaid-up capital
- 357Employees (provident fund records)
- +46%Revenue CAGR, 3 years
- +9%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Capfloat Financial Services Private Limited are on its company page.
Detailed financial statements for axio
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of axio
5 dated milestones of axio across 4 years, from founding to its latest funding, stage changes and deals.
- Founded axio is founded.
- Funding First funding round of $1.0M.
- Milestone Reaches Minicorn status.
- Exit Acquired by axio.
- Funding Latest funding round, Series A, of $484K.
Competitors of axio
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cred.club | 2018 | Bengaluru, India | $1.54B | 897 | CRED is operated as a members-only financial rewards club. | |
| cheq.one | 2021 | Bengaluru, India | $17.79M | 98 | Provider of credit card bill payment and rewards platform | |
| wizi.app | 2019 | Chennai, India | 29 | App-based platform for credit card bill payments |
Detailed competitors of axio
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Web traffic of axio
Websites that share an audience with axio (getwalnut.com).
Websites whose visitors overlap most with axio. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| yourstory.com | 100% | 1.5M | #54,410 | View details |
Top companies in Investment & Financial Technology
2 companies that operate in the same segment as axio (Investment & Financial Technology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 |
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Related news about 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. The company's 1st funding round was a Seed of $1M, raised on Dec 2014.
axio has 162 employees.
The primary company behind axio, Capfloat Financial Services Private Limited, reported revenue of ₹384 Cr for FY 2024, up 75% year on year.
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.
axio is associated with 2 legal entities: Capfloat Financial Services Private Limited, Axio Digital Private Limited.
Yes. axio was acquired by axio in August 2018.