Amazon Acquires Indian BNPL Startup Axio for $150M+

• Amazon is set to acquire Indian buy-now, pay-later startup Axio, expanding its financial services in a key market.
• The deal, valued at over $150 million, follows Amazon's six-year equity stake in Axio and awaits approval from the Indian central bank.
• Axio, formerly Capital Float, specializes in providing credit at the point of sale and serves over 10 million customers.

Source: Techcrunch