Amazon has officially acquired Indian fintech startup Axio, enhancing its foothold in the financial services sector. This move aims to provide credit access to underserved Indian consumers. Axio, previously known as Capital Float, has a strong customer base of over 10 million and a loan book exceeding $260 million. The acquisition agreement was signed after six years of Amazon's equity stake in the startup. Financial details remain undisclosed, but this marks Amazon's second acquisition in India following its purchase of MX Player. The deal reflects Amazon's commitment to addressing credit gaps in the region.