Overview

• India’s central bank cleared the acquisition in June, formalizing a partnership between Amazon and Axio that dates back to 2018.
• Axio will remain a separate business as a wholly owned subsidiary under Amazon’s ownership.
• Amazon plans to use Axio to offer checkout financing and other credit products to consumers and small businesses on its platform and beyond.
• Financial terms were not disclosed, though multiple reports cited estimates of $150–$200 million for the transaction.
• Axio reported a loan book of about 22 billion rupees for the quarter ended June, entering a landscape where Flipkart also secured an NBFC licence this year.