Fintech Unicorn Oxyzo Raises ₹100 Crore in Debt from AK Capital
In a significant development in the Indian fintech space, Oxyzo, a fintech unicorn, has secured ₹100 crore in debt from AK Capital. The company, which is known for its innovative approach to financial services, has used this funding to strengthen its long-term resources and cover day-to-day expenses.
As per a regulatory filing made by the company, its board has allotted 1,00,000 non-convertible debentures to AK Capital at an issue price of ₹10,000 each. This move is seen as a significant boost to Oxyzo’s financials, enabling the company to further expand its operations and explore new opportunities in the fintech space.
Oxyzo is a leading fintech company that offers a range of financial services, including lending, credit, and other financial solutions. The company has been growing rapidly in recent years, with its valuation reaching unicorn status. This latest funding round is a testament to Oxyzo’s commitment to innovation and its ability to attract top-tier investors.
The debt funding from AK Capital is seen as a strategic move by Oxyzo to strengthen its financial position and improve its cash flow. The company plans to use the raised funds to cover its day-to-day expenses and invest in new initiatives that will drive growth and expansion.
AK Capital is a leading investment firm that has been actively involved in the Indian fintech space. The company has a strong track record of investing in innovative startups and has a deep understanding of the fintech ecosystem. Its investment in Oxyzo is seen as a vote of confidence in the company’s vision and its ability to deliver value to its customers.
The fintech space has been growing rapidly in recent years, driven by the increasing adoption of digital payments and the growing need for financial inclusion. Companies like Oxyzo are at the forefront of this growth, offering innovative solutions that are transforming the way people access financial services.
Oxyzo’s success is a result of its commitment to innovation and its ability to understand the needs of its customers. The company has developed a range of products and services that are designed to meet the unique needs of its customers, including lending, credit, and other financial solutions.
The company’s lending products, for example, are designed to provide quick and easy access to capital for small and medium-sized enterprises (SMEs). Oxyzo’s credit products, on the other hand, are designed to provide affordable credit solutions to individuals and businesses.
Oxyzo’s success has also been driven by its strong network of partners and its ability to leverage technology to deliver its products and services. The company has developed a range of digital platforms and tools that enable its customers to access its products and services seamlessly.
The fintech space is expected to continue growing in the coming years, driven by the increasing adoption of digital payments and the growing need for financial inclusion. Companies like Oxyzo are well-positioned to take advantage of this growth, with their innovative products and services driving expansion and growth.
In conclusion, Oxyzo’s latest debt funding round is a significant development in the Indian fintech space. The company’s ability to attract top-tier investors like AK Capital is a testament to its vision and its ability to deliver value to its customers. As the fintech space continues to grow, companies like Oxyzo are well-positioned to take advantage of this growth, with their innovative products and services driving expansion and growth.
Source: https://inc42.com/buzz/oxyzo-raises-inr-100-cr-in-debt-from-ak-capital/
