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Oxygen's mission is to build the best banking platform and community to help the creators building the businesses of the 21st century thrive.
39% employee growth in 12 months
Innovations in open banking have resulted in many startups developing fintech banking applications, allowing them to provide personalized financial services to customers. Whilst these provide a variety of services such as savings accounts, flexible payments and business accounts, each provider offers a different combination of such services, meaning customers must sign up for various banking services to access all necessary features.
Oxygen provides a consumer & business banking platform, allowing individuals and businesses alike to create mobile banking accounts to access a variety of financial services. Personal accounts include cashback rewards, flexible payments, savings accounts, virtual cards and travel benefits, with businesses being provided with 1% business savings, secure virtual cards, and no monthly fees.
Whilst the company faces competition from others within the saturated open banking mobile application market, Oxygen has taken a unique all-in-one approach, unifying fragmented services for both businesses and individuals into a single banking platform. In 2023, Series B funding led to a leadership shift and substantial growth for the company, as it evolves to meet growing demand.
Kirsty
Company Specialist at Welcome to the Jungle
Feb 2023
$20m
SERIES B
Dec 2021
$1m
EARLY VC
This company has top investors
David Rafalovsky
(CEO (Not Founder))Currently Board Member at Kizen, Chairman of the Board and Co-founder at ROVIAL Space. Previously Group CTO and Global Head of O&T at Sber and CTO at Citi.