Axio Acquired
Bengaluru-based digital consumer finance NBFC offering buy-now-pay-later (checkout finance), personal credit, and personal finance management, serving over 10 million credit customers. Founded in 2013 by Gaurav Hinduja and Sashank Rishyasringa as SME lender Capital Float; rebranded to axio in July 2022 after unifying Capital Float, Walnut, and Walnut 369 under one brand. Acquired by Amazon (which had held an equity…
Axio: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 23 Aug 2024 | Undisclosed | $20 Mn | Amazon Smbhav Venture Fund | source |
| 27 Sep 2021 | Undisclosed | $50 Mn | Lightrock India Amrish Rau Creation Investments David Velez Kunal Shah Ribbit Capital Sequoia Capital India | source |
| 13 Apr 2020 | Undisclosed | $15 Mn | Amazon Elevation Capital Ribbit Capital Sequoia Capital | source |
| 24 Apr 2018 | Series C | $22 Mn | Amazon | source |
| 21 Aug 2017 | Series C | $45 Mn | Ribbit Capital Creation Investments Elevation Capital Sequoia Capital India | source |
| 12 May 2016 | Series B | $25 Mn | Creation Investments Aspada Elevation Capital Sequoia Capital | source |
| 10 Feb 2015 | Series A | $13 Mn | Elevation Capital Sequoia Capital Aspada | source |
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Who founded Axio?
Axio was founded by Gaurav Hinduja, Sashank Rishyasringa in 2013.
How much funding has Axio raised?
Axio has raised $190 Mn across 7 tracked funding round(s), most recently on 2024-08-23. Figures are compiled from cited public sources.
Who are the investors in Axio?
Investors in Axio include Amazon Smbhav Venture Fund, Lightrock India, Amrish Rau, Creation Investments, David Velez, Kunal Shah, Ribbit Capital, Sequoia Capital India.
What does Axio do?
Bengaluru-based digital consumer finance NBFC offering buy-now-pay-later (checkout finance), personal credit, and personal finance management, serving over 10 million credit customers. Founded in 2013 by Gaurav Hinduja and Sashank Rishyasringa as SME lender Capital Float; rebranded to axio in July 2022 after unifying Capital Float,…
Where is Axio headquartered?
Axio is headquartered in Bengaluru, Karnataka, India.
What is Axio's business model?
Axio's core value proposition centers on Make credit worthy for all, Fast checkout credit decisions.
How does Axio make money?
Axio's cited revenue streams include Processing fee on personal loans, Interest income on EMI plans, Pre-closure charges on personal loans, Late payment fees.