Houston – USA, December 14, 2021: Axalio, a Fintech startup offering a novel combination of traditional and digital banking and investment services, officially joins Newchip, a global seed accelerator based in Austin, Texas, for its December 2021 cohort. Axalio’s CEO, John Lombela, is very enthusiastic about this new development: “We are happy to have been accepted into one of the most prestigious accelerators in the world. In joining Newchip, Axalio will have a chance to compete with other startups from around the world while also gaining access to Newchip’s extensive network of investors.
Newchip Accelerator provides unmatched skills, tools, and a team of world-class entrepreneurs, mentors, and alumni to help founders build and scale their businesses. It’s on record that they have raised over $450M in funding for firms globally guiding them to over 35 exits and 10 IPOs in recent years.
Axalio has a bold global mission to stimulate true wealth by simplifying investments and banking with Africans in mind. By providing intuitive, easy-to-use platforms, through its core banking solution and equity platform, Axalio is making financial services available to the masses. Over the next decade, the company will continue to lead the way with innovative solutions that will it easier for Africa’s consumers, investors and businesses to go digital. Axalio is transforming the financial industry through its breakthrough investment platform and mobile trading applications.
The Axalio team, with a wealth of experience in the financial and technology sector, is on a mission to change the world. The idea behind Axalio is to bring investment, banking, and global payments together into one platform. This will be achieved by tokenization and blockchain technology.
While currently on a seed investment roadshow, users are to expect the launch of the Axalio beta platform in Q1 while the startup braces up for a Series A funding in Q2 of 2022.
Axalio is founded by Mr. John Lombela. Mr. Lombela is a serial entrepreneur, software developer, and investor. He is a staunch advocate for liberalized wealth creation. In founding Axalio, Lombela brings with him over two decades of cumulative experience in software development, corporate investment banking, global marketing, and business development.
The name – AXALIO is an acronym for “African Exchange and Liberal Investment Opportunities.
Headquartered in Delaware, North America, Axalio aims to simplify banking and investment for the populace. Axalio is also incorporated in South Africa, the Democratic Republic of the Congo. In the upcoming year, Axalio will become incorporated in Nigeria and Ghana.