Mumbai-based fintech startup axiTrust Surety has raised 22 crore rupee (US$2.57 million) in a seed funding round led by US-based venture capital firm General Catalyst. Veltis Capital, Good Capital, and AngelList also participated.

Founded in 2024 by Aditya Tulsian, Mukund Daga, and Rajeev Chari, axiTrust offers micro surety bonds for MSMEs, providing collateral-free alternatives to traditional bank guarantees.

Tulsian previously co-founded numberz, which was acquired by Chargebee, while Daga was head of credit solutions at AON India.

AxiTrust plans to integrate its platform with MSME systems for real-time insights and automation.

The company, currently an eight-member team, will use the new funds for hiring, app development, and marketing.

General Catalyst, known for backing fintech unicorns like CRED and Uni Cards, recently raised US$8 billion in new capital.