logo
logo

Fintech startup Axio raised $20M in an equity funding round led by Amazon Smbhav Venture Fund to drive growth and scale lending operations.

Aug 23, 2024•11 months ago

Amount Raised

$20 Million

BengaluruFinance

Investors

Amazon Smbhav Venture Fund

Description

Fintech lending startup Axio has successfully raised $20 million from Amazon Smbhav Venture Fund. The funds will be utilized to enhance lending operations and introduce new credit products to customers.

Company Information

Company

axio

Location

Bengaluru, Karnataka, India

About

axio, formerly Capital Float, is a consumer finance company offering pay later, credit and personal finance management under one seamless brand experience. On a mission to make credit worthy for all, axio leverages technology to deliver innovative financial products to millions of individuals across the country, including vast sections of traditionally under-served consumers.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Related People