Oxygen is a neo (challenger) bank. The first and only challenger in the US that offers both personal and business banking.
|Funding Status:||Series A|
|Location:||San Francisco, California, United States|
|Number of employees:||11-50|
Target geographic market:
Oxygen won the 2018 Benzinga Best Digital Bank award
|Products||Personal Account, Business Account|
|Core product offerings for individual/retail customers||Personal/Business Account|
|Regulators/Compliance||Oxygen is PCI DSS certified, the highest security standard in banking. Customer's deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 through The Bancorp Bank; Member FDIC.|
|Product cost||Personal Account: Free|
|Openning a current account (business and personal)||Free|
|Money transfers/payments||Personal Account: No ACH bank transfer fees|
|Overdrafts||Personal Account: No overdraft fees|
|Other||Cashback rewards on everyday purchases|
|Minimum USD deposit required to open (a) a personal account (b) a business account||Personal Account: No miminum balance fees|
|(a) a personal account||Yes|
|(b) a business account||Yes|
|Last Funding Date||May 30, 2020|
|Last Funding Amount||$5.5M|
|Last Funding Type||Series A|
|Total Funding Amount||$11M|
|Number of Funding Rounds||2|
|Banking license||Banking Services provided by The Bancorp Bank, Member FDIC. The Oxygen Visa® Debit Card is issued by The Bancorp Bank pursuance to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.|
|Number of investors||21|
|Number of lead investors||1|
|Names of lead investors||Runa Capital|
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