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FinTecBuzz

by Chandrima S.

Axle Receives $1.4 Million in Pre-Seed Funding

Payment Platform

Axle Receives $1.4 Million in Pre-Seed Funding

January 27, 20206 min

Trucks Venture Capital, Plug and Play Ventures, 37 Angels, Fontinalis Partners, and Techstars Invest $1.4M in next-generation carrier payments platform Axle, the financial partner for the modern freight broker, today announces that it has received $1.4 million in pre-seed funding led by Trucks Venture Capital. Axle modernizes factoring, an alternative option to lending, which gives small businesses the cash flow needed to pitch, win and service competitive contracts. The round will help grow the Axle...

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