Axate company logo

The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

axate.com

Stage

Grant | Alive

About Axate

Axate is an easy way to pay for media online without subscribing. With an Axate wallet, users can use any enabled website without having to sign up or subscribe to them individually.

Axate Headquarter Location

18 Henrietta Street

London, England, WC2E 8QH,

United Kingdom

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Axate News

Fintech Axate, a Payment Tool Provider Attempting to Fix Broken Media Market, Acquires £360,799 via Crowdcube

Sep 26, 2021

Axate, the flexible payment tool that aims to “fix a broken media market,” has secured 103% (or £360,799) of its £350,000 fundraising target via Crowdcube (at the time of writing) from 193 investors. The Axate team explains that users may sign up once, “upload some money and pay to read per article or per day across any participating site, when and as they like.” Introduced by news industry professionals, the platform is currently live on 15 sites with more than 31,000 users. Axate reports a £11,320,635 pre-money valuation, 3.09% equity, and a £0.52 share price. Some of the main business highlights shared by the Fintech firm are as follows: $42bn+ forecast global revenue for digital newspapers/mags sector in 2025 Over 31,000 registered users and live on 15 publications Over £2m raised to date from private and media industry investors Core leadership team have many years of deep experience in publishing As noted by Axate the team: “Reading news shouldn’t be so hard. We’ve all experienced it: you want to read an article, but you have to subscribe or miss out. Axate aims to solve that problem with a pay-per-article and day-pass payment system for online newspapers and magazines. Users sign up and can then read across a wide network of participating sites, spending their money where they choose.” They added: “We’re live on 15 sites with over 31k registered users, with our network of publications expected to more-than double in the next few years. We’ve raised £2m+ in seed funding already and have been covered by industry leaders like Digiday, Reuters Institute of Journalism, Columbia Journalism Review and the World Economic Forum .” The Axate team also mentioned that they’re currently raising to be ready “to launch with a large scale subscription publisher, add more features to our system and increase our presence in the USA and India .” They also shared: “Launched by former NewsCorp execs Dominic Young and Victoria Silberbauer, Axate has extensive industry contacts and has a plan to build a global network of paying customers and publishers. This plan will mean that as the network grows, more users can move between more sites, spending small amounts as they go, the whole market benefits.” They added that the digital or online newspaper and magazine market is expected to generate more than $42 billion of international revenue by 2025. Axate has applications “throughout this market and in adjacent media sectors such as video and music,” the update noted. Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site! Sponsored Links by DQ Promote   You may also like...

Axate Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Axate Rank

  • Where is Axate's headquarters?

    Axate's headquarters is located at 18 Henrietta Street, London.

  • What is Axate's latest funding round?

    Axate's latest funding round is Grant.

  • Who are the investors of Axate?

    Investors of Axate include Nesta.

  • Who are Axate's competitors?

    Competitors of Axate include Fewcents.

You May Also Like

C
ConsCent

ConsCent empowers digital-only publishers, legacy media companies, and OTT platforms to build a sustainable user-generated revenue stream. It specializes in user-generated revenue, online publishing, OTT, podcast platforms, and more. It was founded in 2020 and is based in New Delhi, India.

Fewcents Logo
Fewcents

Fewcents is on a mission to make good content easily monetizable so that publishers can focus their efforts on writing enriching and authentic stories. The company helps publishers unbundle and monetize premium content. It provides a pay-per-article service in fifty currencies without fixed transaction fees. Publishers can embed Fewcents easily, monetize better than ads, and increase revenue from non-subs.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.