Amazon has agreed to acquire Indian BNPL startup Axio for over $150 million, deepening its financial services expansion in India. Axio, which specializes in providing point-of-sale credit to underserved consumers, has a loan book exceeding $260 million and serves over 10 million customers. The acquisition highlights Amazon’s strategy to tap into India’s low credit penetration market while reinforcing its local presence following its recent purchase of Indian gaming platform MX Player.
Amazon to Acquire Indian BNPL Startup Axio for Over $150M
