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Amazon to acquire fintech lending startup Axio in a $200 million all-cash dealAxio announced in a blog post that it had signed an agreement with Amazon for a proposed acquisition in December, following the successful ...- Battery makers are charging up; Amazon to acquire AxioTwo major battery manufacturers have plans to set up plants in India. This and more in today’s ETtech Morning Dispatch.
- Amazon to acquire Axio; Infosys Q3 resultsAmazon adds digital lending platform Axio to cart. This and more in today’s ETtech Top 5.
- Digital financial firm Capital Float rebrands as ‘axio’, unifies offeringsCapital Float’s unification brings checkout finance services, credit, and money management tools under one umbrella.
- Covered bonds help sub-AAA issuers raise cheaper fundsRisk aversion due to Covid driving issues; investors protected against default and get attractive yields, while borrowers pay 50-125 bps lo...
- Covered bonds see surge in India with lower-rated cos lining upInvestors in covered bonds have the right over a pool of assets held by the issuers, primarily non-bank lenders, in case of a default.
- Actively or passively managed mutual funds: Which should you invest in?An ET Wealth study finds that most actively managed equity schemes have beaten their benchmarks.
- PayU is in talks to invest $150 million in CapFloatFintech major looking for 25-30% in Capital Float in a deal that could value the latter at about $500 millon
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