Digital Lender axio raises $6-M from Alteria Capital

Bengaluru-based digital lender axio (formerly, Capital Float) has raised USD 6 million (about INR 50 crore) from venture debt firm Alteria Capital. The startup issued 5,000 debentures to Alteria Capital at an interest rate of 13.85%.axio is the brand name of CapFloat Financial Services Pvt Ltd, a non-banking finance company (NBFC). The platform offers ‘buy now, pay later’ facility and personal credit from INR 30,000 to INR 4,00,000, besides money management services.axio last raised USD 50 million in equity funding led by Lightrock India, Peak XV (formerly known as Sequoia Capital India), Ribbit Capital, Creation Investments and Dinesh Hinduja Family Office in 2021. The company is also backed by Nubank’s David Velez, CRED’s Kunal Shah and Pine Lab’s Amrish Rau.