Editorial Team

India’s leading digital finance company, Capital Float, has today unified its offerings under a new identity – axio. This move brings together the company’s three unique consumer finance products of pay later, personal credit and money management – placing it at the fingertips of its growing consumer base. Through axio, the company promises to offer a world-class financial platform that helps consumers access credit responsibly and take control of their finances.

The unveiling of axio and its unified proposition marks the latest milestone in the company’s growth strategy and its mission to tackle the challenges of an underserved consumer credit market. Retail credit growth is essential to India’s goal of becoming a $5 trillion economy. However, India also has one of the largest structural credit gaps in the world. While the growth of UPI-led digital payments and e-commerce has been exponential, over 75% of consumers shopping online do not have a credit card. This dynamic creates a significant opportunity for intelligent credit solutions that help consumers achieve their goals and aspirations.

axio has served 4.5 million credit customers. The company has integrated deeply with over 3,000 merchants to offer instant credit at checkout, including marquee partners such as Amazon, MakeMyTrip, Razorpay, and PolicyBazaar. In addition to providing personal credit, axio offers India’s most comprehensive personal finance management platform (formerly Walnut app). Customers can use it to take full control of their finances, benefitting from a range of money management tools from expense tracking to budgeting and bill reminders. It also features an immersive experience for users to shop via the app, showcasing attractive and affordable EMI offers from partner brands. With over 12 million app users, axio simultaneously enables customers to benefit from credit while staying on top of their personal finances.

“axio will not obsess over who is credit worthy, but will focus on making credit worthy for all.” said Sashank Rishyasringa, Co-Founder, axio. “At Capital Float, we have been on an exciting journey to expand access to credit to individuals and households across India. With axio, we are deepening that commitment. We see instant credit at checkout as a way to make purchases more affordable, but also as the perfect tool to enable the start of credit journeys for millions of customers. Our goal is to be there along these journeys, meeting larger financial needs as they arise, matching our customers’ repayment consistency with financial products that grow with them and reward such discipline.”

Gaurav Hinduja, Co-Founder, axio, added “With NPAs at 1%, axio’s proprietary underwriting and collections infrastructure has been the bedrock of our risk management engine. This has enabled us to scale credit to the last mile at industry-leading low default rates. Given our roots as a digital lender to the underserved, we have always approached pay later as a credit-first business. As an NBFC, our fully regulated model has enabled us to grow systematically, balancing innovation in customer experience with guardrails around risk and compliance. As axio, we are excited to continue the journey of building a tech-first financial institution for the next 100 million Indian consumers.”

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