San Francisco based digital banking platform raised $17m in Series A funding from Runa Capital, S7V, 1984 VC, EFG Hermes, Rucker Park and Inventures.
"We are humbled that our investors are putting their faith in us with this most recent round of funding," said Hussein Ahmed, Oxygen CEO. "This investment not only validates what we’ve built but also enables us to continue pursuing our vision of building financial tools that integrate seamlessly with the digital world of today and delight our customers. We founded Oxygen because we wanted to provide financial services in the same way people interact with technology in their everyday lives. We didn’t see that and believe this led to exclusion for many. This is an important milestone, but we are just getting started."