Looking for an Axio alternative that doesn't want to lend you money?
Axio (formerly Walnut, merged with Capital Float) is an RBI-registered NBFC. It reads your bank SMS to auto-track spending, and its core business is Buy Now Pay Later, personal loans and fixed deposits — expense tracking is a feature on top of a lending platform.
Try PaisaProof insteadAxio auto-tracks your spending by reading bank SMS — but Axio is a lending company first. The app that tracks your expenses is built by the same business that profits when you borrow. PaisaProof has no lending product at all: no BNPL, no personal loans, nothing to upsell. It exists only to help you spend less.
| PaisaProof | Axio | |
|---|---|---|
| Needs bank login | No | No (SMS-based) |
| Reads SMS off-device | No — on-device only | Yes |
| Core business | Spend awareness only | BNPL, personal loans, FDs (NBFC) |
| Price | Free | Free (lending products are paid) |
| Platform | Android | Android, iOS |
Why switch
- No incentive to ever offer you a loan or a credit line — PaisaProof's only product is reducing your spend.
- Detection runs on-device; no raw SMS leaves your phone.
- No manual setup — grant notification access and PaisaProof starts catching spends on monitored merchants immediately.
Frequently Asked
Is Axio the same as Walnut?
Yes — Walnut, Capital Float and Walnut 369 were unified into one brand called Axio. If you remember Walnut, Axio is its current name.
Does Axio sell loans through the same app that tracks my expenses?
Yes. Axio is operated by an RBI-registered NBFC and its primary business lines are Buy Now Pay Later, personal loans and fixed deposits. Expense tracking sits inside the same app as these credit products.
Does PaisaProof read my bank SMS?
No. PaisaProof uses on-device notification access to catch a debit the moment it happens, and the raw message never leaves your phone — no SMS permission, no server-side reading.
Is PaisaProof free?
Yes, and there's no paid tier or lending product behind it — the business model isn't built around getting you to borrow.