Big win for Jeff Bezos Amazon, after RBI’s approval, completes acquisition of…

Amazon said that axio will continue to operate under its current leadership team while integrating as a subsidiary of Amazon.

Written by: Anirudha Yerunkar Edited by: Anirudha Yerunkar

Published: September 5, 2025, 10:53 AM IST

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https://www.india.com/business/big-win-for-jeff-bezos-amazon-after-rbis-approval-completes-acquisition-of-nbfc-firm-axio-8055422/ Copy

Jeff Bezos Amazon

Amazon on Thursday announced that it has completed the acquisition of non-banking financial services company axio, formerly known as Capital Float, after receiving approval from the Reserve Bank of India.

Axio has been partnering with Amazon for over six years, providing buy-now-pay-later services to the e-commerce giant’s customers. “Amazon today announced the completion of its acquisition of axio (formerly Capital Float),” the e-commerce firm said in a statement.

Amazon Completes Acquisition Of Axio

The acquisition, one of Amazon’s largest in India, marks a milestone in Amazon’s commitment to expanding its financial services offerings in India, the statement said.

“Over the past six years, our partnership with axio has enabled us to unlock credit for more than 10 million customers. axio’s digital lending expertise combined with Amazon’s reach, technology know-how and bank relationships will help us expand responsible lending to millions more customers and small businesses in the coming years,” Mahendra Nerurkar, VP Payments, Amazon, said.

Highlights

1. Amazon completes acquisition of NBFC firm axio
2. Amazon gets RBI nod for acquisition of axio
3. Amazon acquires NBFC firm axio
4. Axio operations after acquisition by Amazon

axio claims to have served over 10 million customers to date.