Oxyzo, the financing arm of OfBusiness, is a fintech startup that offers credit solutions that customized to help SMEs expand their operations, revenue, and consequently their profit margins.
Oxyzo was instituted to give affordable loans to SMEs to help them buy raw materials in sectors such as manufacturing and sub-contracting.
Oxyzo was launched in 2016 by OfBusiness. The company is headquartered in Gurgaon, Haryana, India.
Oxyzo lends to SMEs for supply-chain finance and has also started lending to new age businesses in sectors like logistics, warehousing and direct-to-consumer, besides financing suppliers of OfBusiness.
Oxyzo is also planning to open its supply-chain marketplace to other lenders who can lend to suppliers and businesses on the platform.
Oxyzo is currently serving thousands of SMEs across India, disbursing 4000+ crores per annum, and has 1500+ crores as AUM.
Oxyzo has raised $200M in a Series A funding on Mar 23, 2022. The round was co-led by Alpha Wave Global and Tiger Global Read, with participations from Norwest Venture Partners, Matrix Partners and Creation Investments. The Series A round mints Oxyzo a unicorn with a valuation of $1B post-money.