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axiTrust raises $5 mn to digitise surety bonds for MSMEs

Fintech startup axiTrust is raising $5 mn in Series A funding led by Argor.vc to build digital surety bonds. The startup aims to replace traditional bank guarantees, freeing up ₹15 lakh crore of MSME working capital locked as collateral.

Why it matters

Textile MSMEs should watch for digital surety bonds as an alternative to bank guarantees to improve cash flow.