Axio Company Profile

Background

Axio is a diversified company operating in multiple sectors, including financial services, cybersecurity, medical technology, and electronics. Each division focuses on leveraging technology and innovation to address specific industry challenges and enhance customer experiences.

Key Strategic Focus

Financial Services: Axio offers a tech-first financial platform aimed at providing accessible and affordable credit solutions to a broad customer base in India. The company integrates personal finance management tools with pay-later facilities, enabling responsible credit usage. Axio has partnered with over 3,000 merchants to offer instant credit at checkout, emphasizing affordability and ease of access.

Cybersecurity: Axio provides a comprehensive cyber risk management platform, Axio360, designed to help organizations understand their unique cyber risk profiles, quantify potential financial impacts, and make informed decisions to enhance cyber resilience. The platform is utilized by over 350 enterprises across various industries, including manufacturing, energy, healthcare, and financial services.

Medical Technology: Axio Biosolutions specializes in biomaterial-based medical devices for wound care and bleeding control. Their flagship product, Axiostat, is a patented, clinically validated hemostat that stops moderate to severe bleeding instantly in surgeries and pre-hospital trauma situations. The company has a presence in over 50 countries and has impacted more than 3.5 million patients.

Electronics: Axio Electronics offers end-to-end electronic design and manufacturing services, specializing in IoT product development, consumer devices, health and wellness tech, and smart manufacturing solutions. The company has completed over 50 successful designs, with more than 300,000 devices deployed globally.

Financials and Funding

Axio (Financial Services): As of May 2023, Axio has served 15 million customers, with 7.5 million credit customers, and has partnered with 3,000 merchants. The company has raised a total of $194 million in funding from investors such as Ribbit Capital, Elevation Capital, Sequoia India, Lightrock, Amazon, and Creation Investments Capital Management LLC.

Axio (Cybersecurity): In August 2022, Axio raised $23 million in a Series B funding round led by IA Capital Group, Istari, NFP Ventures, and Bob Dudley.

Pipeline Development

Axio (Financial Services): The company continues to expand its customer base and merchant partnerships, focusing on enhancing its credit offerings and integrating with more retail partners to provide instant credit solutions.

Axio (Cybersecurity): Axio is continually refining its Axio360 platform to incorporate emerging cyber threats and compliance requirements, aiming to provide organizations with up-to-date tools for effective cyber risk management.

Technological Platform and Innovation

Axio (Financial Services): The company leverages technology and decision sciences to develop pocket-friendly finance solutions offered through digital channels, integrating personal finance management tools with pay-later facilities.

Axio (Cybersecurity): Axio360 is a decision-making engine for holistic cyber risk management, including cybersecurity assessments, cyber risk quantification, risk transfer, and cyber insurance analysis.

Axio Biosolutions: The company focuses on biomaterial-based medical devices for wound care and bleeding control, with products like Axiostat and MaxioCel designed to manage trauma, surgical, and chronic-infectious wounds.

Axio Electronics: The company provides end-to-end electronic design and manufacturing services, including embedded systems design, IoT product development, PCB design, and mechanical enclosure design.

Leadership Team

Axio (Financial Services):

Sashank Rishyasringa: Co-Founder of Axio. Former Engagement Manager at McKinsey & Co.

Gaurav Hinduja: Co-Founder & MD of Axio. Former COO at Gokaldes Exports Limited.

R N Murthy: Chief Sales Officer at Axio. Former National Sales Head at Janalakshmi Financial Services.

Karthikeyan Ramaswamy: Chief Collections Officer at Axio. Former VP at RBL Bank.

Axio (Cybersecurity):

Todd Zipper: Chief Executive Officer.

Chris Beyer: Chief Financial Officer.

Connor Nail: Chief Technology Officer.

Gene Cohen: VP, Customer Success.

Axio Biosolutions:

Leo Mavely: Founder & Director.

Gourav Maheshwari: Director – Finance.

Yashas Chandra: Director - International Sales.

Hardik Shah: Head - Production and Maintenance.

Saurabh Rawat: Head – Quality and Regulatory Affairs.

Axio Electronics:

Ram Prakash: Founder & Project Lead.

Competitor Profile

Axio (Financial Services):

Competitors: Other fintech companies in India offering credit solutions, such as Paytm, PhonePe, and traditional banks.

Competitive Advantage: Axio's integration with over 3,000 merchants and its focus on affordability and ease of access to credit.

Axio (Cybersecurity):

Competitors: Other cybersecurity firms offering risk management platforms, such as RiskLens and FourV Systems.

Competitive Advantage: Axio360's ability to align security leaders, business leaders, and Boards of Directors around a single source of truth about critical corporate risks.

Strategic Collaborations and Partnerships

Axio (Financial Services):

Amazon Acquisition: In September 2025, Amazon completed the acquisition of Axio, gaining direct access to the lending business in India.

Axio (Cybersecurity):

ISTARI Collective: Axio is a member of the ISTARI Collective, a curated network of cyber companies and experts aiming to create a digitally resilient future for businesses.

Operational Insights

Axio (Financial Services):

Market Position: Axio's acquisition by Amazon strengthens its position in the Indian fintech market, enabling it to offer a broader range of credit products and services.

Axio (Cybersecurity):

Market Position: Axio's focus on aligning cybersecurity with business objectives positions it as a strategic partner for organizations seeking to enhance their cyber resilience.

Strategic Opportunities and Future Directions

Axio (Financial Services):

Expansion Plans: Leveraging Amazon's resources to expand its customer base and merchant partnerships, and to develop new credit products tailored to the Indian market.

Axio (Cybersecurity):

Product Development: Continuing to enhance the Axio360 platform to address emerging cyber threats and compliance requirements, and to provide organizations with up-to-date tools for effective cyber risk management.