Amazon completes acquisition of Axio

Amazon has completed the acquisition of Axio (formerly Capital Float), a digital lending and checkout finance provider in India, after getting approval from the Reserve Bank of India (RBI).

The acquisition adds to Amazon’s partnership with Axio, which has provided Buy Now Pay Later services for Amazon Pay in India for over six years.

Entrackrexclusively reported about the deal in July last year. As per sources, it could be a $150-175 million all cash deal. The Bengaluru-based company has raised $157 million in equity and $671 million in debt to date….