Fintech start-up Axio secures $20M in funding from Amazon's Smbhav Venture Fund for credit product expansion.

Fintech start-up Axio secures $20M in equity funding from Amazon's Smbhav Venture Fund to expand lending operations and offer more credit products, reaching nearly 10M credit customers and $1B in annualised disbursements. The investment and partnership reflect Amazon's belief in Axio's ability to provide innovative financial services to more customers while maintaining responsible risk management.

August 23, 2024
4 Articles