Mobile wallet Oxigen Services in talks with UK investors to raise $70 mn

Oxigen is now creating more use-cases for its platform so that it can showcase these to investors

Mobile wallet Oxigen Services is in talks with investment funds in the United Kingdom to raise about $70 million.

In the past year, the company saw a lot of changes in the business model after it planned to move away from expanding its mobile wallet alone. The company is now creating more use-cases for its platform so that it can showcase these to investors.

“We are in talks with a few investors in the UK to raise around $70 million,” said Ankur Saxena, vice-chairman and CEO, Oxigen Group. “We are now getting into corporate expense management, making universities cashless as well as