Amazon Completes Axio Acquisition To Boost Digital Lending With ‘Transparent and Innovative Credit Experiences’ in India
Amazon has completed its acquisition of Axio (formerly Capital Float) in India, following RBI approval, to strengthen its digital lending and checkout finance services. The move aims to expand credit access, addressing the gap where '1 in 6 Indian customers have checkout financing.' Amazon plans to offer more 'transparent and innovative digital credit solutions.'
Amazon has completed Axio acquisition to enhance digital lending in India. In a blog post on September 4, 2025, Amazon has announced the completion of its acquisition of Axio (formerly Capital Float), a leading digital lending and checkout finance provider in India. It follows regulatory approval from the Reserve Bank of India (RBI). The move marks a major step in Amazon's plan to grow its financial services in the country. The acquisition aims to support more customers with better access to credit and digital payment solutions. Amazon highlighted the gap in credit access in India. Mahendra Nerurkar, Vice President, Payments at Amazon India said, "With only 1 in 6 Indian customers having access to checkout financing, growing access to credit is a fundamental priority for Amazon." Amazon said,"With regulatory approval secured, Amazon deepens its commitment to delivering transparent and innovative credit experiences." What Mark Zuckerberg, Sam Altman, Sundar Pichai, Satya Nadella and Other Tech Titans Told Donald Trump at White House Dinner (Videos).
Amazon Completes Axio Acquisition
Amazon has completed the acquisition of Axio, a Bengaluru-based digital lending and non-banking financial company (NBFC) in India, for an undisclosed amount reportedly around $200 million.
This acquisition gives Amazon access to a direct lending license in India, allowing it to… pic.twitter.com/gNx5ZfjHmq
— Roy (@Subhajit__Roy) September 4, 2025
(The above story first appeared on LatestLY on Sep 05, 2025 02:01 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
