MUMBAI (Reuters) -Amazon said on Thursday that it has completed the acquisition of Bengaluru-based non-bank lender Axio for an undisclosed amount, securing a direct lending licence in India. The Reserve Bank of India cleared the deal in June, said Mahendra Nerurkar, Amazon’s vice president for payments for emerging markets. Axio, a 12-year-old fintech lender, offers financial products and services to both retail consumers and small businesses, focusing on digital credit and money management solutions.Read More
Amazon completes Axio acquisition, secures direct lending license in India
