I recently wrote about the so-called “Embedded finance” trend, citing the example of Intergiro’s recent fund-raising in the space. There’s now yet another example of this trend in the shape of HUBUC. Billing itself as “AWS for financial services” the startup which emerged from Barcelona, Catalonia, Spain has now raised a $10m Seed […]
Union54, the first Zambian startup backed by Y Combinator, has gotten another major venture capital firm on its term sheet: Tiger Global. The company confirmed to TechCrunch that the VC juggernaut led its just-completed $3 million seed round, coming only two months after graduating from Y Combinator’s summer batch. San Francisco-based venture capital firm Runa […]
Oxygen Closes $17M Series A to Build Banking Platform
Digital banking platform Oxygen today announced a $17 million Series A funding round. The round was led by Runa Capital, with participation from S7V; 1984.vc; EFG Hermes; Rucker Park; Inventures; Frank Strauss, Global CEO of the Private & Commercial Bank for Deutsche Bank AG; William Hockey, cofounder of Plaid; Ankur Nagpal; Peter Treadway; and NFL wide receiver Larry Fitzgerald.
Oxygen provides flexible banking solutions to consumers and small businesses. Since launching in January of 2020, Oxygen has surpassed 125,000 accounts opened. Both the consumer and small business accounts have no minimum balance or monthly fees, are FDIC insured via a partnership with The Bancorp Bank, and come with a Visa debit card that includes cashback rewards on selected everyday spending categories and merchants.