Archive · 5 Sep 2025
Amazon Acquires Axio to Expand Lending in India
Amazon has bought Axio, a company that helps people with loans, to improve its services in India.
This helps Amazon give loans directly to its customers and small businesses.
Axio already had a partnership with Amazon, and now Amazon can offer 'buy now, pay later' options more easily.
Amazon wants to grow its financial services like its competitor, Flipkart.
Axio has helped over 10 million customers with credit, and this will help Amazon compete in India's growing financial market.
Amazon finalized the acquisition of fintech lender Axio.
The acquisition was approved by the Reserve Bank of India.
Axio will help Amazon expand its financial services in India.
Amazon aims to provide credit solutions to more Indian customers and small businesses.
The deal follows rival Flipkart's acquisition of an NBFC license.
- Who
- Amazon acquired Axio
- What
- Amazon finalized acquisition of Axio, a digital lending startup.
- When
- Approved by RBI in June; Announced after completion
- Where
- India
- Why
- To expand financial services, including lending, to Indian consumers and small businesses.
- Acquisition Target
- Axio (formerly Capital Float)
- Acquiring Company
- Amazon
- Acquisition Purpose
- Expand Financial Services in India
- Approval
- Reserve Bank of India (RBI) - June
- Axio Customers Served
- Over 10 Million
- Axio Loan Book (June 2025)
- ₹22 Billion ($251.4 million)
