Amazon to acquire fintech startup Axio for about $160 million

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, is awaiting Reserve Bank of India approval. Amazon aims to expand its financial services in India through this acquisition.

Jan 16, 2025 - 21:00

Amazon to acquire fintech startup Axio for about $160 million

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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, is awaiting Reserve Bank of India approval. Amazon aims to expand its financial services in India through this acquisition.