Amazon has agreed to acquire Indian buy now pay later startup Axio, deepening its push into financial services in one of its fastest-growing markets as it Amazon has agreed to acquire Indian buy now pay later startup Axio.

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Vandalia credit union acquires 65-year-old Dayton financial services firm

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Amazon to acquire Indian fintech Axio in credit push

Manish Singh / TechCrunch:
Amazon to acquire Bengaluru-based BNPL startup Axio, sources say for $150M+; Axio raised $135M in equity, claims to have 10M+ customers, and a $260M+ loan book  —  Amazon has agreed to acquire Indian buy-now, pay-later startup Axio, deepening its push into financial services in one of its fastest-growing markets.

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Amazon to acquire Bengaluru-based BNPL startup Axio, sources say for $150M+; Axio raised $135M in equity, claims to have 10M+ customers, and a $260M+ loan book

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. The transaction will now await the required regulatory approvals," Axio said in its blog. Axio, formerly known as Capital Float, started in 2013 and has assets under management worth Rs 2,200 crore. As of last …

NDTV Profit

Amazon Set To Buy Indian BNPL Firm Axio

Amazon has agreed to acquire Indian buy now pay later startup Axio, deepening its push into financial services in one of its fastest-growing markets as it seeks to expand credit access to millions of underserved customers. The US technology group, which has held an equity stake in Axio for six…

BizToc

E-commerce giant Amazon has acquired the digital lending firm Axio. In a blog post confirming the deal, Axio mentioned that it had signed an agreement with Amazon for a proposed acquisition in December 2024. “The proposed acquisition aims to build on a successful six-year business and equity partnership,” the lending firm added. The acquisition reportedly cost the company between $190-200 million and is yet to receive approval from the Reserve B…

MediaNama

Amazon Deepens Fintech Roots in India with Axio Acquisition

Ecommerce major Amazon is set to acquire digital lending startup axio (formerly known as Capital Float). In a blog post, the Bengaluru-based startup said that it has signed an agreement with Amazon for a proposed acquisition. “In December, after successful completion of due diligence, we signed an agreement with Amazon for a proposed acquisition of axio. The transaction will now await the required regulatory approvals,” axio said in the blog pos…

Inc42 Media

Amazon To Acquire Digital Lending Startup axio

E-commerce major Amazon is all set to acquire fintech company Axio (formerly Capital Float). This will be the second acquisition for the US-based company in the Indian fintech space, following its acquisition of Emvantage. “In December, after the successful completion of due diligence, we signed an agreement with Amazon for a proposed acquisition of Axio. The transaction will now await the required regulatory approvals,” said Axio in a blogpost.…

Entrackr

Axio confirms acquisition agreement with Amazon

Amazon has announced plans to acquire India-based BNPL company Axio. The deal is reportedly worth over $150 million, pending approval from the Indian central bank. The acquisition builds on Amazon’s previous financial services deals, having previously held an equity stake in Axio and acquiring Emvantage Payments, PayFort, and Tapzo. Online retail giant Amazon plans to acquire buy now, pay later (BNPL) company Axio, as announced on the India-base…

Finovate

Amazon to Acquire India-Based BNPL Fintech Axio

Amazon has agreed to acquire Indian buy-now, pay-later startup Axio, deepening its push into financial services in one of its fastest-growing markets. The e-commerce group, which has held an equity stake in Axio for six years, signed the acquisition agreement in December after completing due diligence, the Indian startup said in a blog post. Financial […] © 2024 TechCrunch. All rights reserved. For personal use only.

Amazon to acquire Indian fintech Axio in credit push

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