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About Oxygen
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$43.8M
Headquarters
Princeton, New Jersey
Founded
2017
Overview
Oxygen is a digital banking platform that caters to free thinkers, rebels, and entrepreneurs. It partners with The Bancorp Bank to offer a variety of financial products and services, distinguishing itself from traditional banks by leveraging technology for agility and innovation. Oxygen provides high-yield savings accounts with a 3.00% APY on balances up to $20,000, cashback rewards of up to 6% on everyday purchases, and additional benefits like Global Entry reimbursement and lounge access. Users can also take advantage of features such as round-ups and unlimited savings goals to better manage their finances. The company generates revenue primarily through interchange fees from card transactions and interest on loans. Oxygen's goal is to transform the banking experience for modern entrepreneurs and creators by offering tailored financial solutions that align with their fast-paced lifestyles.
Simplify's Take
What believers are saying
- Oxygen raised $20M in Series B funding to enhance product development and user experience.
- The rise of embedded finance allows Oxygen to expand its reach and user base.
- Oxygen's integration with AI-driven advisory services enhances personalized user experiences.
What critics are saying
- Increased competition from fintech companies could dilute Oxygen's market share.
- Rapid technological changes may require costly updates to Oxygen's platform.
- Potential regulatory scrutiny could lead to increased compliance costs for Oxygen.
What makes Oxygen unique
- Oxygen offers a seamless user experience for personal and business accounts in one app.
- The company provides high-yield savings with 3.00% APY on balances up to $20,000.
- Oxygen partners with The Bancorp Bank, combining fintech agility with traditional banking services.
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Funding
Total Funding
$43.8M
Below
Industry Average
Funded Over
4 Rounds
Y CombinatorIndustry standards
Company News
SAN FRANCISCO, Oct. 5, 2023 /PRNewswire/ -- Oxygen, a leading innovator in the financial technology industry, today announced a series of executive hires. These appointments come at a time of significant transformation for Oxygen. With a commitment to strengthen its leadership team and provide cutting-edge financial solutions to the marketplace, the company continues to prioritize compliance, transparency and customer experience.Rob Brown joins Oxygen as the company's new Chief Marketing Officer. Brown will play a critical role in positioning Oxygen as a frontrunner in the fintech space. Leading the company's core marketing functions, he will enhance Oxygen's market presence and further accelerate its growth
Oxygen, a San Francisco, CA-based provider of a digital banking platform, raised $20M in Series B funding
Oxygen Scores $20M Series B Funding Back to HomeSAN FRANCISCO, CA, Digital banking platform Oxygen today announced $20 million in Series B funding.Digital banking platform Oxygen today announced $20 million in Series B funding - led largely by return investors - and the appointment of David Rafalovsky as Chief Executive Officer (CEO). Oxygen will use the funds to increase investment in product development and user experience around its core financial technology solutions, and to expand its workforce to meet growing demand.Oxygen is a modern financial platform designed for the 21st-century economy - providing digital natives, creators and entrepreneurs pushing everyday boundaries a seamless experience to spend, send and save across both their personal and business lives. Available on web, iOS, and Android, Oxygen members enjoy cashback rewards, early direct deposit, simple transfers and high yield savings in addition to everyday retail and travel benefits. Businesses can start and scale their operations with integrated solutions like nationwide LLC incorporation and custom invoicing that is elegant, simple and secure. Reject ordinary. Banking for the Extraordinary.(c)2011-2020 by Massinvestor, Inc
Oxygen, a modern financial platform designed for the 21st century economy, today released its State of the Creator Economy Report, which takes a look at the booming creator economy, the people behind the content, their goals and challenges, and the technologies that are quickly changing the industry.
Oxygen has partnered with TurboTax to help you get your tax refund and save up to $20 on federal products ( get discount ).
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About Oxygen
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series B
Total Funding
$43.8M
Headquarters
Princeton, New Jersey
Founded
2017
There are no jobs for Oxygen right now.
Find jobs on Simplify and start your career today