CosmicTaco

Amazon Acquires Indian BNPL Startup Axio for $150M+

CosmicTaco · 2025-01-16T15:32:55.444160+05:30

- Amazon is set to acquire Indian buy-now, pay-later startup Axio, expanding its financial services in a key market. - The deal, valued at over $150 million, follows Amazon's six-year equity stake in Axio and awaits approval from the Indian central bank. - Axio, formerly Capital Float, specializes in providing credit at the point of sale and serves over 10 million customers. Source: [Techcrunch](https://techcrunch.com/2025/01/15/amazon-to-acquire-indian-fintech-axio-in-credit-push/)

Amazon is set to acquire Indian buy-now, pay-later startup Axio, expanding its financial services in a key market.
The deal, valued at over $150 million, follows Amazon's six-year equity stake in Axio and awaits approval from the Indian central bank.
Axio, formerly Capital Float, specializes in providing credit at the point of sale and serves over 10 million customers.

Source: Techcrunch