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Amazon to buy Indian BNPL startup Axio for over $150M

Amazon has agreed to acquire Indian buy now pay later startup Axio, deepening its push into financial services in one of its fastest-growing markets as it Amazon has agreed to acquire Indian buy now pay later startup Axio.

Amazon has agreed to acquire Indian buy now pay later startup Axio, deepening its push into financial services in one of its fastest-growing markets as it seeks to expand credit access to millions of underserved customers. The US technology group, which has held an equity stake in Axio for six years, signed the acquisition agreement in December after completing due diligence, the Indian startup said in a blog post. Manish Singh is a senior reporter at TechCrunch, covering India’s startup scene and venture capital investments.

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