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A freight-factoring startup a day keeps the FOMO away.
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Startup of the Year: Daily Dealflow
Startup of the Year discovers and supports the most promising and innovative startups from around the world through #DailyDealflow, #SOTY Podcast, and more.
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Oct. 14 -16 | Memphis, TN
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Axle
Axle is the only integrated payments, collections, and financing solution for small freight brokers.
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Axle helps small freight brokers pay their carriers on time by purchasing their accounts receivable at a discount. Factoring is a highly fragmented, $100B+ industry, but traditional factors typically shy away from servicing small freight brokers because they have higher risk profiles and introduce more operational overhead. Axle, however, is able to profitably service this segment by using software to automate our operations and introducing more sophisticated risk management technology.
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What's Innovative About Their Solution?
Axle is undercutting prices, while extending credit to under-serviced customer segments, by building software to automate our operations, using a more sophisticated underwriting approach that incorporates non-traditional data sources, and implementing a data-driven fraud detection system.
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⚙️ Product Stage
First Full Release
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🏭 Industries
B2B, FinTech, Logistics
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🤑 Fundraising Status
Prefer not to say
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💸 Total Funding
To Date
$500k-$1.5MM
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🙌 Founder Demographics
Minority founder
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Big Wins
- Just pivoted into the space a month ago and signed first customer two weeks ago.
- Expected annual contract value = $100K
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Contact the Founder:
Bharath Krishnamoorthy
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Further Your Passion For Startups
The Startup of the Year Podcast raises the bar for startups around the world by providing further insight on the emerging companies featured in our Daily Dealflow newsletter and by highlighting newsworthy stories and global trends affecting the startup ecosystem. |
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The Daily Dealflow is made possible thanks to the support of our amazing partners.
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2019 Startup Outlook Report
SVB is pleased to present the 10th edition of our annual Startup Outlook Report, focusing on the innovation economies of the US, the UK, China and Canada. Read the report here.
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Created by the talent responsible for building the Tech.Co brand (acquired by an international publishing company), we're leveraging decades of experience to help our collaborators further (or create) their brand & accomplish their most important goals.
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Established, LLC is not a broker-dealer and cannot provide assurances and makes no representations or warranties as to the timing or price terms for any purchase or sale of early-stage company equity. Nothing contained in this email constitutes investment, legal, tax or other advice. No information or statements contained in this email should be relied upon in making an investment or different decision. You should review all risks and consult all applicable professionals when making any investment decisions. Information and statements contained within this email and any attachments are solely for informational purposes and does not constitute an offer to sell or a solicitation to buy any securities.
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