MSME-focused cross-border financing player LeRemitt raises $1.25 M led by Axilor

Bengaluru-based cross-border financing startup LeRemitt has raised USD 1.25 million (INR 10.2 crore) in a seed funding round led by Axilor Ventures. The round also saw participation from Capital A and angel investors such as Ram Govindarajan (WizFreight) and Sumit Agarwal (Vyapar). Founded by Sheetal Jain, Mahesh Barate and Hari Ambati, LeRemitt helps micro, small and medium enterprises (MSMEs) navigate overseas financial transactions. The fresh capital will be used for hiring talent, improving product capabilities, and forming strategic partnerships.