Amazon completes acquisition of Axio to enhance digital lending in India

Amazon has officially acquired Axio (formerly Capital Float), a digital lending and checkout finance company in India, after getting RBI approval. 

This strengthens Amazon’s long-standing partnership with Axio, which has offered Buy Now Pay Later services for Amazon Pay in India for more than six years.

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“With only 1 in 6 Indian customers having access to checkout financing, growing access to credit is a fundamental priority for Amazon,” says Mahendra Nerurkar, Vice President, Payments at Amazon India. “Over the past 6 years, our partnership with Axio has enabled us to unlock credit for 10 million+ customers.  Axio's digital lending expertise combined with Amazon's reach, technology know-how and bank relationships would help us expand responsible lending to millions more customers and small businesses in coming years.”

Axio, which has served over 10 million customers, will keep its current leadership team and operate as a subsidiary while integrating more closely with Amazon. "Joining forces with Amazon marks an exciting new chapter for Axio," say Sashank Rishyasringa and Gaurav Hinduja, Co-founders at Axio.

The acquisition strengthens Amazon’s ability to provide innovative credit solutions in India. By combining Axio’s lending expertise with Amazon Pay Later, purchases become more affordable and accessible. This move highlights Amazon’s commitment to India’s digital growth, aiming to expand credit access to underserved customers with simple, fair, and transparent products.

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