Mumbai, Sept. 4 -- American online shopping Amazon today officially stated that it has acquired fintech lending platform Axio, in a deal valued at approximately USD 200 million.
Axio had announced in January 2025 that it had signed a definitive agreement for the transaction in December 2024. The acquisition has enabled Amazon to obtain a non-banking finance company (NBFC) license from the RBI, a key regulatory requirement for operating a full-stack financial services business in India, according to the statement.
According to the statement, Axio plans to deepen its pay-later and checkout finance offerings on Amazon's platform. It also aims to onboard more merchants to expand these options into other categories, such as food delivery. Look...