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Amazon Acquires Axio for USD 200 Million to Expand Digital Lending in India.

Banking & Finance | Dated: 09 Sep 2025

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.

🎯 Key Highlights:

  • - 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.

💡 Other Important Facts:

  • (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.

📚 Test Your Knowledge:

Recently, which global company acquired fintech firm Axio (formerly Capital Float) for USD 200 million?

Correct Answer: Amazon

🚀 Quick Recap:

About Amazon.com, Inc

  • CEO: Andy Jassy
  • Headquarters: Seattle, Washington, United States