Oxygen X provides comprehensive digital infrastructure solutions tailored for African enterprises. The company specializes in cloud computing, data center management, and secure network connectivity services. They enable businesses across the continent to scale operations efficiently through reliable, localized technology platforms.
Funding
Funding not disclosed
Founders
Product
Problem
Many individuals and small businesses in Africa lack access to convenient and flexible credit solutions, hindering their ability to manage expenses, fund growth, and achieve financial goals. Traditional lending processes can be complex, time-consuming, and may not cater to the specific needs of diverse income groups and business scales.
Solution
Oxygen X provides a range of regulated consumer credit products designed to empower individuals and businesses in Nigeria with accessible and convenient financial solutions. The company offers personal loans, business loans, and point-of-sale (POS) financing, enabling customers to stretch their income, scale operations, and manage expenses through flexible repayment plans. Oxygen X also provides LendTech solutions, offering Lending-as-a-Service to financial institutions, corporations, and merchants, including schools providing credit options to parents. Furthermore, Oxygen X provides investment opportunities with fixed returns, allowing individuals and businesses to grow wealth effortlessly.
Target Audience
Oxygen X primarily targets individuals, small and medium-sized enterprises (SMEs), financial institutions, corporations, and merchants in Nigeria seeking accessible and flexible credit and investment solutions.
Features
- Personal loans with flexible terms and competitive interest rates
- Business loans tailored for small and medium-sized enterprises (SMEs)
- Point-of-Sale (POS) financing for spreading payments on purchases
- LendTech solutions offering Lending-as-a-Service (LaaS) for partners
- Investment opportunities with fixed returns up to 25% annually
- Loan repayment terms ranging from 3 to 24 months
- Interest rates ranging from 4.15% to 6.75% flat per month, following a reducing balance approach
- Online application process via website or mobile app