Fintech startup Axio raises $20 million funding from Amazon Smbhav Venture Fund

Earlier, Axio had raised $137 million in equity and $671 million in debt. In 2021, it received $50 million in equity funding led by Lightrock India, besides existing and new investors for a post-money valuation of $201 million. The new funds will be used to drive growth, scale lending, expand use cases for checkout finance, and introduce more credit products to customers.