Amazon agrees to acquire Bengaluru-based digital lending startup Axio, formerly known as Capital Float, for an estimated enterprise value of $150-160 million. Axio, which provides pay-later and credit offers,

Although Axio started operations in 2014 by lending to the SME segment, it later pivoted to consumer finance in 2018 and acquired a 60% stake in Walnut, a personal finance app.

Amazon adds digital lending platform Axio to cart. This and more in today’s ETtech Top 5.Also in the letter:■ India’s internet users to surge■ Peak XV MD on the startup IPO boom■ National Startup Day 2025Amazon to acquire fintech lending startup Axio 117303635Axio founders Sashank Rishyasringa and Gaurav HindujaEcommerce giant Amazon is set to acquire digital lending platform Axio.

Amazon Inc. is set to acquire buy-now-pay-later firm Axio, the local fintech said in a blog on its website. "In December, after successful completion of due diligence, we signed an agreement with Amazon for a proposed acquisition of Axio.

Amazon is set to acquire Bengaluru-based fintech firm Axio, enabling the e-commerce giant to expand credit-based offerings to its customers in India. Information about the deal size and shareholding pattern was not disclosed.

Amazon has announced its acquisition of Axio, an Indian 'buy now pay later' start-up. The deal comes as part of the tech giant's plan to broaden its financial services in India, one of its most rapidly expanding markets, and extend credit facilities to millions of underserved customers in the country.

The ecommerce major is set to acquire axio (formerly known as Capital Float), the startup said in a company blog post.

This marks Amazon's second acquisition in the financial services space after acquiring Delhi-based Emvantage Payment in 2016 for an undisclosed amount.