Tags:AutomationBrokerBusinessFinanceFinTechFreightIndustryLogisticsManagementOfficeOptimizePlatformServiceSoftwareTechnologyTransportationTravel
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 Traditional factoring shops run labor-intensive operations and rely on outdated underwriting techniques.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.
Likes
201
Location: United States, New York
Member count: 1-10
Phone: +1 855-250-4142
Total raised: $11.4M

Investors 3

Funding Rounds 2

DateSeriesAmountInvestorsDeal News
26.05.2021Series A$10M--
29.01.2020Seed$1.4M--

Mentions in press and media 9

DateTitleDescriptionCategoryAuthorSource
02.09.2021Axle Annou...NEW YORK, Sept. 2, 2021 /PRNew...--salamancap...
02.09.2021Axle Annou...I love Bharath and Shawn's vis...--prweb.com/...
29.06.2021Bâloise : ...Sibylle Fischer June 29, 2021...--marketscre...
27.05.2021Axle Raise...Axle, a New York-based financi...USA-finsmes.co...
26.05.2021Fintech St...They have established themselv...--prweb.com/...
26.05.2021Axle raise...Axle recently announced it rai...Axel, cros...Matt Burnstechcrunch...
11.08.2020Axle Drive...10 Shares Email Facebook Twitt...Startups ...-news.crunc...
29.01.2020Axle Raise...Axle, a NYC-based financial pa...USA-finsmes.co...
-Axle Payme...407SHARES FacebookTwitter Li...--alleywatch...