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
*********
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Website
*********
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Social
*********
- 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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 Total Funding
- Total Rounds 3
- Last Round Series A — $484,169
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First Round
First Round
(29 Dec 2014)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2018 | Amount | Series A - axio | Valuation | axio |
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| May, 2015 | Amount | Series A - axio | Valuation | Elevation Capital , SAIF Partners | |
| Dec, 2014 | Amount | Seed - axio | Valuation | Sequoia Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Elevation Capital is focused on early-stage tech investments in India.
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Founded Year | Domain | Location | |
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An online lending platform for point-of-sale financing is provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by axio
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - axio
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Axio Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
CRED is operated as a members-only financial rewards club.
|
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| domain | founded_year | HQ Location |
Provider of credit card bill payment and rewards platform
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| domain | founded_year | HQ Location |
App-based platform for credit card bill payments
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| domain | founded_year | HQ Location |
Developer of a personal finance management mobile application
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| domain | founded_year | HQ Location |
Personal finance is automated with real-time updates and transaction categorization.
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| domain | founded_year | HQ Location |
Offers a user-friendly personal finance management tool for individuals.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Axio
Frequently Asked Questions about axio
When was axio founded?
axio was founded in 2014.
Where is axio located?
axio is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Is axio a funded company?
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 29, 2014.
How many employees does axio have?
As of Jun 30, 2024, the latest employee count at axio is 162.
What is the annual revenue of axio?
Annual revenue of axio is $7.48M as on Mar 31, 2023.
What does axio do?
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.
What products or services does axio offer?
axio offers Personal Finance Manager, Buy Now, Pay Later, and Personal Loans.
Who are axio's investors?
axio has 4 investors. Key investors include axio, Sequoia Capital, Elevation Capital, and Elevation Capital.
What is axio's valuation?
The valuation of axio is $29.54M as of Oct 2018.
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