Amazon completes acquisition of Axio

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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….



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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….



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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