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.

Tech giant Amazon has signed an agreement to acquire Indian Buy Now Pay Later (BNPL) startup axio, according to a blog post.

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Amazon has announced its acquisition of Axio, an Indian 'buy now pay later' start-up. The deal comes as part of the tech giant's plan to broaden its financial services in India, one of its most rapidly expanding markets, and extend credit facilities to millions of underserved customers in the country.

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,