What is Oxigen Wallet?
Oxigen Wallet stands as India's pioneering non-bank digital wallet, facilitating secure and dependable online money transfers. The platform empowers users to manage mobile recharges, settle bills, and conduct transactions across more than 2000 online merchants. Robust security measures, including multi-layered protection and OTP verification, are central to its service. Certified by the Reserve Bank of India, Oxigen Wallet enables swift money transfers to and from over 60 banking institutions, positioning itself as a convenient and intelligent payment solution for a broad consumer base in India.
How much funding has Oxigen Wallet raised?
Oxigen Wallet has raised a total of $11.5M across 1 funding round:
Unspecified
$11.5M
Unspecified (2006): $11.5M with participation from Citi Group Venture
Key Investors in Oxigen Wallet
Citi Group Venture
Citi Group Venture, part of Citigroup Inc., is a global financial services powerhouse. Their investment likely reflects a strategic interest in expanding digital payment infrastructure and supporting innovative fintech solutions within emerging markets like India.
What's next for Oxigen Wallet?
The substantial enterprise-level funding received by Oxigen Wallet signals a strategic push towards scaling its operations and enhancing its service offerings. This capital injection is likely to fuel expansion into new markets, further development of its technological infrastructure, and the forging of new strategic partnerships. With a focus on secure and convenient digital transactions, Oxigen Wallet is poised to solidify its leadership in India's rapidly growing fintech sector, potentially exploring new avenues for financial inclusion and digital commerce.
See full Oxigen Wallet company page
