Walnut started as an independent personal finance management app that automatically tracked expenses from SMS alerts. It was later acquired by Capital Float, a leading Indian Non-Banking Financial Company (NBFC) specializing in digital lending. Capital Float integrated Walnut into its ecosystem, adding instant credit and "Buy Now, Pay Later" (BNPL) services. In 2022, Capital Float underwent a major rebranding and is now known as "axio". The Walnut app continues to operate as a key product under the axio brand, combining money management features with axio's digital credit solutions.

Founded in

India