TLDR:
- Fintech startup Axio raises $20 million funding from Amazon Smbhav Venture Fund
- New funds will be used for growth, scaling lending operations, and introducing more credit products
Fintech lending startup Axio has secured $20 million in equity funding from Amazon Smbhav Venture Fund to drive growth, scale lending operations, expand use cases for checkout finance, and introduce more credit products. Previously, Axio had raised significant amounts of equity and debt funding, with a post-money valuation of $201 million in 2021. The new funds will enable Axio to enhance its loan book, checkout finance offering, and expand credit offerings to existing customers. This investment reflects Amazon Smbhav Venture Fund’s belief in Axio’s ability to provide responsible credit solutions and innovate in the financial services sector.
