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Amazon Acquires Indian BNPL Startup Axio for $150M+

  • Amazon is set to acquire Indian buy-now, pay-later startup Axio, expanding its financial services in a key market.
  • The deal, valued at over $150 million, follows Amazon's six-year equity stake in Axio and awaits approval from the Indian central bank.
  • Axio, formerly Capital Float, specializes in providing credit at the point of sale and serves over 10 million customers.

Source: Techcrunch

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6mo ago
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