Amazon

Amazon to acquire digital lender Axio (Capital Float)

Amazon to acquire digital lender Axio (Capital Float)

17 Jan 2025, 02:23 AM

Once the acquisition receives regulatory approval, it will make Amazon the first big tech company in India to gain access to an NBFC license through Axio.

Skydo to offer international payments for Indian exporters selling on Amazon

Skydo to offer international payments for Indian exporters selling on Amazon

24 Dec 2024, 23:46 PM

With this, exporters on Amazon can receive their international payouts through Skydo, the company said in its statement.

Amazon Pay reports flat revenue growth, cuts losses in FY24

Amazon Pay reports flat revenue growth, cuts losses in FY24

05 Nov 2024, 02:28 AM

The e-commerce giant’s fintech arm reported a slight jump in its revenue from operations to Rs 2,287 crore in FY24 from Rs 2,093 crore in FY23.

Exclusive: Amazon-backed Axio closing $20 million fundraise

Exclusive: Amazon-backed Axio closing $20 million fundraise

22 Aug 2024, 17:26 PM

The Bengaluru-based Axio (previously known as Capital Float) is close to securing $20 million in a new equity round.

Fintech Hightlights

  1. PayU appoints former RBI deputy governor, others to board

  2. Zerodha's NBFC unit posts Rs 36 crore revenues, Rs 12.5 crore net profit for FY25

  3. OfBusiness' lending unit Oxyzo posts increase in FY25 revenue, profit

  4. PayPal, Worldline get RBI approval to operate as cross-border PA

  5. MSME lender Saarathi Finance raises Rs 350 crore in funding
  6. Read more highlights...

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