Digital financial company Capital Float has integrated its offering under a new identity – Axio. According to the company, the move brings together the company’s three consumer finance products – Pay Later, Personal Loans and Wealth Management. Through Axio, the company aims to provide a financial platform for consumers to access credit.
axio will be the brand name of CapFloat Financial Services Private Limited, a registered Non-Banking Finance Company (NBFC).
Shashank Rishyasringa, Co-Founder, Axio, said, “Axio will not focus on who is creditable, but will focus on making credit eligible for all. At Capital Float, we are on an exciting journey to increase access to credit. individuals and families across India. With axio, we are deepening that commitment. We see instant credit at checkout as a way to make shopping more affordable, but the credit journey for millions of customers We also aim to be with these journeys, meeting large financial needs as they arise, enhancing the repayment stability of our clients with them. Matches with financial products and rewards such discipline.”
Gaurav Hinduja, Co-Founder, Axio said, “With NPAs at 1%, Axio’s proprietary underwriting and collections infrastructure has been the cornerstone of our risk management engine. It has enabled us to scale credit to the last mile at industry-leading low default rates. Given our roots as a digital lender, we have always approached Pay Later as a credit-first business. As an NBFC, our fully regulated model has given us exposure and compliance Balancing innovation in the customer experience with the railing around it has enabled us to grow organically.As Axio, we continue the journey of building a tech-first financial institution for the next 100 million Indian consumers. Excited for.”