Fintech lending startup Axio has successfully raised $20 million in its latest equity funding round, led by Amazon Smbhav Venture Fund. The funding will be directed towards scaling operations, expanding use cases for checkout finance, and broadening its range of credit products to serve customers throughout their financial journeys.
This investment comes amid a surge in equity deals within the…
The growth of Indian micro, small, and medium enterprises (MSMEs) has slowed to 5.4% for the December to June period, according to a recent report by CareEdge Ratings. This marks a decline from 7.0% growth during the same period the previous year. The report indicates that if the impact of recent mergers were excluded, the growth rate would have been even slower, at 7.7% in June 2024.
The broader…
