Overview
- The Reserve Bank of India cleared the transaction in June, enabling Amazon to close the deal announced in principle late last year.
- Axio will operate as a wholly owned subsidiary in India under its existing leadership while continuing to run as a separate business.
- Amazon plans to expand checkout financing, introduce new consumer credit products, and scale small‑business lending on and beyond its marketplace.
- Financial terms were not disclosed, with multiple reports placing the price near $150–$200 million.
- Axio reported a loan book of about ₹22 billion for the June quarter, and the companies say their partnership has unlocked credit for more than 10 million customers.