Tech-enabled transportation factoring
Axle is a tech-enabled factoring business focused on the freight transportation sector. We provide small trucking companies and freight brokers with short-term working capital by purchasing their outstanding invoices. Traditional factoring shops run labor-intensive operations and rely on outdated underwriting techniques. Axle aims to outcompete these incumbents with proprietary software that automates and streamlines our operations and enables us to take a more data-driven approach to risk management. The founders have been business partners for over a decade, with deep experience in developing software solutions for the transportation sector and financial institutions. We're already backed by top freight and financial technology investors, including Trucks VC, Fontinalis Partners, Techstars, Plug and Play Ventures, and 37 Angels.
Location: United States, New York
Funding Rounds 2
Mentions in press and media 9