Welcome you to the Fifty fifth edition of DevMantra Times for the month of October 2025. Amazon has finalized its acquisition of Indian non-bank lender Axio, securing a direct lending license and enabling it to offer credit products and develop innovative financial solutions for customers and small businesses.
Amazon completes Axio acquisition, secures access to direct lending business in India: Amazon has finalized its acquisition of Axio, an Indian non-bank lender, securing a direct lending license in India. This acquisition marks a significant step in Amazon's expansion into the financial services sector in India, enabling the company to offer credit products directly on its platform.
