Friday, July 11, 2025
30.8 C
London
HomeBankingAmazon to Acquire Indian BNPL Startup Axio

Amazon to Acquire Indian BNPL Startup Axio

Date:

UK Chancellor Reverses ISAs Reductions After Public Backlash

A bold move by the Chancellor to protect savers...

Binance Launches Sharia Earn: An Islamic Banking-Aligned Token

Discover how Binance's new offering caters to Islamic financial...

Ageras Expands Portfolio with 8th Acquisition: Payroll Provider Employes

Strategic Move to Enhance Services in the Accounting and...

E-commerce Giant Expands Financial Services with $150 Million Deal

Highlights:

  1. $150 Million Deal: Amazon agrees to acquire Axio for over $150 million.
  2. Six-Year Partnership: Amazon has held an equity stake in Axio for six years.
  3. Regulatory Approval: The acquisition awaits approval from the Indian central bank.

Summarized Story:

Amazon has agreed to acquire Indian buy-now, pay-later (BNPL) startup Axio for over $150 million, deepening its push into financial services in one of its fastest-growing markets.

Axio, formerly known as Capital Float, specializes in providing credit to self-employed individuals and households at the point of sale on major e-commerce platform. The acquisition, which follows a six-year equity partnership, requires regulatory approval from the Indian central bank.

Related stories

spot_img

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories