Axle Payments Profile

Deal Summary

7


Deals Funded

$800,000


Total Issued

$11,333


Interest Paid

16.86%


Wtd. Avg. APY

30.0


Wtd. Avg. Duration

$114,286


Avg. Deal Size

About Axle Payments

Axle Payments provides fast and affordable working capital for freight and logistics companies. Since it was founded in 2017, Axle has leveraged its own technology to offer a streamlined alternative to the traditionally inefficient operations of factoring companies.

Based in New York, the Originator is looking to grow their business by purchasing a larger volume of invoices from a growing list of clients eager to do more business. Axle's management team has a combined 30+ years of financial services, legal, and technology experience.


COMPANY FACTS

Founded: 2017

Sector: Factored receivables

HQ: New York, NY

Key People: Bharath Krishnamoorthy (CEO & Co-Founder), Shawn Vo (CTO & Co-Founder)

SURVEILLANCE REPORTS

SOCIAL MEDIA

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Originator Data

Axle Payments: APYs over time

Past Deals

  • deal history

Close Date

Name

Deal Size

Duration (days)

APY

2/11/20

Ultra Short Term Logistics Factoring 11-A () 

$100K

30

19.50%

3/11/20

Ultra Short Term Logistics Factoring 11-B

$200K

30

19.50%

4/11/20

Ultra Short Term Logistics Factoring 11-C ()

$300K

30

19.50%

5/11/20

Ultra Short Term Logistics Factoring 11-D ()

$50K

30

17.50%

6/11/20

Ultra Short Term Logistics Factoring 11-E ()

$50K

30

16.00%

7/11/20

Ultra Short Term Logistics Factoring 11-F

$50K

30

14.00%

8/11/20

Ultra Short Term Logistics Factoring 11-G

$50K

30

13,00%

9/11/20

Ultra Short Term Logistics Factoring 11-H

$300K

30

12.75%

Links to Ethereum contract for each deal

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