Amazon completed the acquisition of Axio.

Amazon, a multinational technology company, has completed the acquisition of Axio, a consumer finance company that offers pay-later, credit, and personal finance management services. Financial terms were not disclosed. “With only 1 in 6 Indian customers having access to checkout financing, growing access to credit is a fundamental priority for Amazon. Over the past 6 years, our partnership with Axio has enabled us to unlock credit for 10 million+ customers. Axio's digital lending expertise combined with Amazon's reach, technology know-how and bank relationships would help us expand responsible lending to millions more customers and small businesses in coming years,” Mahendra Nerurkar, Amazon India Vice President.