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Amazon to acquire Indian fintech Axio in credit push | TechCrunch

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. 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. Financial terms were not disclosed, but two people familiar with the matter told TechCrunch that the size of the deal is over $150 million. The deal requi...

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