Amazon Acquires Axio for USD 200 Million to Expand Digital Lending in India.
Banking & Finance
In September 2025, Amazon India completed the acquisition of fintech company Axio (formerly Capital Float) for around USD 200 million (₹1,762 crore) after securing approval from the Reserve Bank of India (RBI). This marks one of Amazon’s largest investments in India’s financial sector, strengthening its digital lending business.
- The founders Sashank Rishyasringa and Gaurav Hinduja will continue leading Axio, which will now function as a wholly-owned subsidiary of Amazon.
- Axio has been powering Amazon Pay’s Buy Now, Pay Later (BNPL) services for the past six years, and this acquisition formalizes and deepens the partnership.
Main Point :- (i) With the acquisition, Amazon gains an NBFC (Non-Banking Financial Company) license, enabling it to directly offer lending products to consumers and small businesses in India.
(ii) The deal allows Amazon to expand its financial services ecosystem by introducing new credit products and enhancing its footprint in India’s rapidly growing digital lending market.
CEO: Andy Jassy
Headquarters: Seattle, Washington, United States
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