Axle Payments Profile
Deal Summary
12
Deals Funded
$5,300,000
Total Issued
$41,230
Interest Paid
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.
Cadence Content
Relevant Links
COMPANY FACTS
Founded: 2017
Sector: Factored receivables
HQ: New York, NY
Key People: Bharath Krishnamoorthy (CEO & Co-Founder), Shawn Vo (CTO & Co-Founder)
Website: axlepayments.com
SURVEILLANCE REPORTS
Originator Data
Axle Payments: APYs over time
Past Deals
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 | $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 | $50K | 30 | 14.00% | |
8/11/20 | $50K | 30 | 13,00% | |
9/11/20 | $300K | 30 | 12.75% | |
10/11/20 | Ultra Short Term Logistics Factoring 11-I | $500K | 30 | 12.25% |
Links to Ethereum contract for each deal
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