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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.
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.