FinTech Mergers and Acquisitions in India: Rethinking Competition and Regulatory Oversight in the Age of AI
Amazon executed a $200M acquisition of BNPL lender Axio in early 2025 to expand into Indian digital lending.
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Amazon executed a $200M acquisition of BNPL lender Axio in early 2025 to expand into Indian digital lending.
Gartner forecast generative AI spending of $644 billion for 2025, even as OpenAI reported 800 million weekly ChatGPT users in October 2025.
OpenAI disclosed $122 billion in committed financing at an $852 billion post-money valuation in March 2026.
Overall invested capital declined by 15.5% compared to the first half of 2025.
Nvidia CEO Jensen Huang estimates that $2T worth of data centers will power software globally over the next four to five years [p.4].
Artificial intelligence creates a $4T+ market opportunity as it disrupts software, services, and labor markets.
The Nasdaq Composite Index grew 38% over the last twelve months, adding $8.4 trillion in market capitalisation.
BigTech firms invested over $2 billion in fintech companies in 2020, with Alphabet generating 23 fintech investments alone.