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 Amazon has agreed to acquire Indian buy now pay later startup Axio.

Amazon has agreed to acquire Indian buy now, pay later firm axio in a deal reported to be worth more than $150 million.

Although Axio started operations in 2014 by lending to the SME segment, it later pivoted to consumer finance in 2018 and acquired a 60% stake in Walnut, a personal finance app.

E-commerce platform Amazon is poised to acquire Bengaluru-based digital lending firm Axio (formerly Capital Float), solidifying its presence in India's growing fintech sector. The deal, finalised in December 2024 after comprehensive due diligence,

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,