Invest in Oxygen

When our founder Hussein Ahmed left Amazon to freelance as a startup consultant, he quickly realized traditional banking is not designed to serve those who venture beyond a 9-5 role with a biweekly paycheck. He realized that everyone at the WeWork – photographers, real estate brokers, accountants – faced this same problem. So he decided to solve it. 

Oxygen is a banking startup that offers consumers and small businesses accounts at zero monthly fee.

We merge personal & business banking into 1 intuitive experience.

Cierre Nia is a LA-based model.

We're built for a generation that refuses to settle.

We created Oxygen for those who needed it the most, and wanted the best, from freelancers to micro- and small-sized businesses. Our users juggle side hustles, gigs and various streams of income; our interface allows them to swipe easily from personal to business functionality.

We were the 8th Most Downloaded Banking App in the first half of 2021.

Nezza is a singer, dancer and social media celebrity.

We cater to a different demographic than competitors.

Fashion content editor & stylist (and adjunct professor at NYU), Jessica Minkoff.

 1M downloads. 600K users. 

We have world-class investors & advisors

TRIBE CAPITAL is leading our Series B round. They've invested in Kraken, Carta, Bolt, Instabase, Mati, Docker, Chipper Cash, Eco, Front and more.

Our Team

We're committed to building a banking experience that adapts to your lifestyle not the other way around.

FAQ

How does this work?

(1) Join Wefunder by clicking ‘Sign Up’ in the top right corner. While we are prioritizing our customers for this crowdfund, those who are not Oxygen customers are welcome to make reservations as well.

• If you’re new to Wefunder: use your Mercury email address to sign up. After the Community Round closes, you can change it to your personal email in Settings.

• If you’ve already used Wefunder: use your Oxygen email address so that we can identify you as a Oxygen customer. You can change it in Settings, and can reverse this change after the Community Round closes.
• If you’re not yet a Oxygen customer: Use any email address you prefer.

(2) Choose an amount you’re comfortable with

- You can commit any amount you’d like up to your legal max, from $100USD.
(3) Confirm reservation

- Wefunder will reserve your chosen amount. When the Community Round ends, you’ll confirm your reservation, and the funds will be deposited to Oxygen.

What happens if the maximum allotment is exceeded?

If we become oversubscribed, we may need to refund you some or all of your reservation amount. We will be prioritizing our customers first (with active customers prioritized with this group), and will accept investments from non-customers after this. 

We will aim to give a $1,000USD allocation or more to active customers, but if we have too much interest in the round, then we may need to reduce the allocation.

I’m an Oxygen customer. What happens if I don’t use my Oxygen email address on Wefunder?

We’re asking customers to use their Oxygen email addresses so that we can identify you as such. We’re prioritizing our active customers to stay in the round as investors; if our allocation is exceeded we must refund some contributions (more on refunds further down).

What is the minimum investment?

The minimum check size is $100USD.

What's the maximum I am legally allowed to invest?

Through Regulation Crowdfunding everyone can invest up to $2,200. How much you're able to invest above that depends on your net income and net worth. You can see how much you're allowed to invest by adding those two numbers under "Investor Limits" here: https://wefunder.com/settings

While you may be legally able to invest more, your investment may be lowered depending on the interest we receive in this round.

Do I need to be an accredited investor?

No. Wefunder allows you to invest without being an accredited investor. All you have to do is sign up and invest.

Do I have to do anything for Oxygen as an investor?

No. All you do is invest.

When will my investment leave my account?

If you fund your Wefunder Cash account, your funds will move from your account immediately, similar to online shopping. You can also choose to wait to fund your reservation until after we've filed with the SEC (September 27th). Once we've filed with the SEC you'll be able to pay via bank account, wire transfer, credit card, or check.

Wefunder will email you to confirm your commitment once we file our Form C with the SEC (Securities and Exchange Commission) and close the Community Round. Once you confirm, the funds and the Community Round is closed are permanently deposited into Oxygen via Wefunder. This is irreversible and confirmed investments cannot be refunded.

For other questions, please check out Wefunder's FAQs or contact [email protected].