Amazon completes Axio acquisition, secures direct lending license in India
MUMBAI (Reuters) -Amazon said on Thursday that it has completed the acquisition of Bengaluru-based non-bank lender Axio for an undisclosed amount, securing a direct lending licence in India. The Reserve Bank of India cleared the deal in June, said Mahendra Nerurkar, Amazon’s vice president for payments for emerging markets. Axio, a 12-year-old fintech lender, offers financial products and services to both retail consumers and small businesses, focusing on digital credit and money management solutions.
MUMBAI (Reuters) -Amazon said on Thursday that it has completed the acquisition of Bengaluru-based non-bank lender Axio for an undisclosed amount, securing a direct lending licence in India. The Reserve Bank of India cleared the deal in June, said Mahendra Nerurkar, Amazon’s vice president for payments for emerging markets. Axio, a 12-year-old fintech lender, offers financial products and services to both retail consumers and small businesses, focusing on digital credit and money management solutions.
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