Amazon has made a $20 million equity investment in Indian Buy Now, Pay Later (BNPL) firm Axio through its Smbhav Venture Fund. Axio, formed from the merger of Capital Float, Walnut, and Walnut369, offers credit financing and money management tools, mainly supporting Amazon’s “pay later” services in India, which provides flexible payment terms for customers. With the new funding, Axio aims to scale its loan offerings, enhance its checkout finance options, and expand credit access to (potentially) 200 million more customers across the country.
Amazon Invests $20 million in Indian BNPL Firm Axio
