Thursday, 5 March, 2026
Amazon Acquires Axio for $200M, Secures NBFC License in India
By Isha
Amazon has completed a $200 million cash acquisition of Bengaluru-based fintech lender Axio, marking one of its largest buyouts in India. This strategic move grants Amazon a Non-Banking Financial Company (NBFC) license in India, enabling it to offer direct lending services. Axio will operate as a 100% owned subsidiary, continuing under its current leadership.
Read full story at Economic Times