Axio

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.

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. Cross-border payments startup Aspora bags $53 million in Series B funding

  2. Mahaveer Finance raises Series C funding from Elevation Capital, others

  3. Techfino secures Rs 65 crore funding from Stellaris, Saison

  4. UGRO Capital to acquire Profectus for $162 million

  5. Saswat Finance bags pre-Series A funding led by Ankur Capital
  6. Read more highlights...

AI/Emerging Tech

  1. Darwix AI bags seed funding

  2. Google plans to snap ties with Scale AI after Meta's "significant" investment

  3. India’s domestic AI market to more than triple to $17 billion by 2027: BCG

  4. Read more highlights...

Editor's Pick

  1. RBI vs Government: The battle over India’s digital payments ecosystem explained

  2. What led Google-backed DotPe to shut down its lending unit

  3. Madras HC grants anticipatory bail to Strata founder in email impersonation case