Amazon Expands in India with Major Financial Firm Acquisition

Amazon completes acquisition of NBFC firm axio

Amazon completes acquisition of axio, expanding financial services offerings in India with buy-now-pay-later service for customers.

Amazon Expands in India with Major Financial Firm Acquisition

Amazon Expands in India with Major Financial Firm Acquisition E-commerce giant Amazon announced on Thursday that it has finalized the purchase of non-banking financial services company axio, previously known as Capital Float, following the Reserve Bank of India's sanction.The acquisition strengthens Amazon's push into financial services in India, leveraging axio's expertise in digital lending. The two companies have collaborated for over six yea…

Amazon Completes Axio Acquisition, Secures Direct Lending License in India

Amazon's Axio acquisition strengthens its India portfolio - Meghalaya Monitor

Shillong, Sept 5: Amazon on Friday announced the completion of its acquisition of Axio (formerly Capital Float), a leading digital lending and checkout finance provider in India, following receipt of regulatory approval from the Reserve Bank of India (RBI). The acquisition, one of Amazon’s largest in India, marks a milestone in Amazon’s commitment to expanding its financial services offerings in India. This builds upon Amazon’s existing partners…

Amazon Acquires Bengaluru Startup Axio, Strengthens Digital Lending in India

Axio, a 12-year-old fintech firm, reported a loan book of Rs. 22 billion ($251.4 million) for the quarter ending June 2025, according to co-founder Gaurav Hinduja.

Amazon Acquires Axio, Gets Direct Lending License in India

Amazon acquires Axio and secures a direct lending license in India, strengthening its fintech presence and boosting consumer credit offerings in the market.