Oxyzo Financial Services has gathered $200 million in a Series A round led by Alpha Wave and co-led by Tiger Global, Norwest Venture Partners, Matrix Partners, and Creation Investments.
This is the first external round for Oxyzo which started as OfBusiness Group’s financing platform and was made into a separate entity of the group in time. The company asserts that it has raised the round at a valuation of $1 billion, making it the second unicorn of the group.
The funds will be used to expand Oxyzo’s digital financial services, scaling the supply chain marketplace, launching innovative fixed income products for the SME space, and scaling other fee incomes business lines including debt capital markets and securities.