Amazon to Acquire Axio for $150-175 Million

By  
Artur Stańczuk
August 4, 2024
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Summary:

Amazon is acquiring Axio for $150-175 million. This move aims to enhance its BNPL service for Amazon Pay. Amazon already owns 8% of Axio. The e-commerce giant plans to boost its financial services in India. Axio's revenue grew 2x to Rs 220 crore in FY23.

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