Oxygen is a digital bank company which provides banking and lending services for freelancers. The company tracks their bills, projects income and offers instant credit through its mobile banking app which is available in both iOS and Android versions. It uses artificial intelligence based analysis to determine the individual freelancers’ income flows.
PRODUCTS & SERVICES:
The startup offers freelancers simple access to credit through a digital banking app and a membership program which can be pulled down or paid off instantly at any time. For payday loans, The company uses AI models to provide a payback plan, including both periodic cash paybacks or tangible, feasible payback based on hours worked. It is also used to underwrite loans, which freelancers can apply for and receive without having to visit a bank or complete paperwork.
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NUMBER OF EMPLOYEES:
Digital Horizon Capital, Cynthia Chen, ZMT Capital (China), Locus Ventures, Endure Capital, PioneerFund, Magic Fund, Light Bridge, Strawberry Creek, Base Ventures, The House Fund and Sam Yam.
Jonathan Consalvo (CCO), Dianne Clapp (CRO)
Insufficient information for accurate analysis
DATE OF LAST FUNDING:
SEED & PRIOR FUNDING:
SEED CLOSED ON:
SEED PRIOR FUNDING COMMENT:
Company has raised $2.3Million in Jan'19 from several investors and $150K in Oct'18 from Y Combinator.