Capital Float, Walnut, Walnut 369 unify under a new brand, axio
Capital Float unifies 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 will not obsess over who is credit worthy, but will focus on making credit worthy for all.” says 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 adds, “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.”
Disclaimer: Information mentioned here has not been verified or endorsed by Agency Reporter and is in accordance with the press release shared by the company or their appointed representatives.