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Oxygen

Fintech · Princeton, United States · Founded 2017

Oxygen is a cutting-edge digital banking platform designed for the modern economy, specifically targeting free thinkers, rebels, and entrepreneurs. Unlike traditional banks, Oxygen is a financial technology company that partners with The Bancorp Bank to provide banking services. This partnership allows Oxygen to offer a range of financial products and services while leveraging the agility and innovation of a tech company. Oxygen serves a diverse clientele, including game changers, entrepreneurs, and creators who need a banking platform that can keep up with their fast-paced lifestyles. The company operates in the digital banking market, which is rapidly growing as more consumers and businesses seek convenient, tech-driven financial solutions. The business model of Oxygen revolves around providing a suite of financial services that cater to the unique needs of its clients. These services include high-yield savings accounts with an Annual Percentage Yield (APY) of 3.00% on balances up to $20,000, cashback rewards of up to 6% on everyday purchases, and additional perks like Global Entry reimbursement and lounge access. Oxygen also offers features like round-ups and unlimited savings goals to help users manage their finances more effectively. Oxygen makes money primarily through interchange fees, which are small fees paid by merchants whenever a customer uses their Oxygen card for purchases. Additionally, Oxygen may earn revenue from interest on loans and other financial products offered through its platform. In summary, Oxygen is a dynamic financial technology company that provides innovative banking solutions for modern entrepreneurs and creators. By focusing on the needs of its unique clientele, Oxygen aims to revolutionize the way people interact with their finances. Keywords: digital banking, fintech, entrepreneurs, cashback rewards, high-yield savings, Global Entry, financial platform, tech-driven, innovative banking, The Bancorp Bank.