Amazon Completes Fintech Startup axio’s Acquisition

Amazon said that the acquisition has been completed following receipt of regulatory approval from the RBI

Amazon will use axio to boost its buy now, pay later (BNPL) offering in India

Founded in 2013 by Gaurav Hinduja and Sashank Rishyasringa, axio provides pay later, credit and personal finance management solutions

Ecommerce giant Amazon has completed  the acquisition of digital lending startup axio (formerly Capital Float) eight months after it entered into a…