Amazon acquires BNPL startup Axio

Quick Summary:

This marks Amazon's second acquisition in the financial services space after acquiring Delhi-based Emvantage Payment in 2016 for an undisclosed amount.

Amazon will merge its free ad-supported video-on-demand services with MX Player into one service, Amazon MX Player.

Prior to this funding round, the company had raised $137 million in equity and $671 million in debt.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: India

Topics: Axio Acquired Policy Amazon Startup Service Million Funding Acquisition Services Privacy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-16 @ 09:57:52 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 273 words

Reading Time: 2 minutes read

Sentences: 23 lines

Sentence Length: 12 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 25191011

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

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News Last Updated: 8 hours ago

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