Alpha Wave led a $200m Series A funding round in Oxyzo Financial Services.

Alpha Wave, an investment firm, led a $200m Series A funding round in Oxyzo Financial Services, a tech-enabled smart financing solution provider, with participation from Tiger Global, Norwest Venture Partners, Matrix Partners and Creation Investments. “We have been delighted with our early investment in Ofbusiness and feel privileged to get an opportunity to partner with them once again, this time co-leading a $200m round to fund Oxyzo, the SME Fintech business. We are impressed with how the Oxyzo team has built a high growth business with robust corporate governance and are even more excited with their vision to build this into India’s most profitable, tech-driven, B2B SME fintech player. We are proud to congratulate Ruchi on becoming the first female founder in India of a profitable, fintech unicorn,” Niren Shah, Norwest Venture Managing Director and Head of India.