OXYZO FINANCIAL SERVICES PRIVATE LIMITED

In their own words

The key business model of OXYZO Financial Services Private Limited is to cater the finance needs of Small and Medium Enterprises (‘SMEs’) who are mainly engaged in the business of undertaking construction/ building infrastructure activities such as residential housing projects, building of public amenities, road construction, traders dealing in construction material, etc. These SMEs require finance for sourcing construction materials like cement, steel, steel bars, concrete, bitumen and tools & machineries used in building/ construction. Being in an unorganized sector, these SMEs face challenges from banking channels for raising finances for the said capital requirements. OXYZO helps these SMEs by providing them finances at competitive market lending rates through its in-house-build technology-driven financing platform, without much hassles, in a short span of time. By dealing with these SMEs, OXYZO has also build relationship with entities who manufacture/ help in sourcing construction material/ equipment at competitive market prices. To help SMEs utilize their finances in best possible manner, OXYZO connects theses SMEs with the said manufactures/ channel. These SMEs facilitate the cause of employing/ engaging India’s huge unskilled/ semi-skilled labour. OXYZO believes that, at a macro level, by helping these SMEs in timely serving their financing and material sourcing needs, it contributes in potential generation of employment in the Country. Thus, OXYZO is working towards innovation and development of a sector specific NBFC’s financing processes and services. And this is a scalable business model for helping in potential employment generation.

Written by the company on its public Startup India profile. Not verified by us.