About

Oxygen was founded in 2020 in Greece and provides digital tools to organizations and businesses of all sizes to help them adapt to the new digital era, optimize their operations, and upgrade their services. Entrepreneurs can create their company's "source of truth" and manage their business, stores, and team on a single platform with Oxygen. Trusted by over 10,000 users, including enterprises, shops, and freelancers, Oxygen offers integrated solutions in areas such as business creation, inventory management, mobile/tablet/laptop cash registry (Oxygen Cloud Tameiaki), online card payments (Oxygen Payments), team management (OxygenHR), ERP management, electronic invoicing provider services (e-invoicing), third-party applications (API), financial technology (FinTech), e-business and commerce (business software). All the aforementioned features are fully compliant with the requirements of MyData and there is no need for any external tools. Oxygen's platform covers a wide range of businesses and freelancers (B2B or B2C) in Greece and abroad. The company is one of the fist five certified providers of electronic invoicing by AADE and holds EN ISO 27001:2013 certification for data management and transfer, following all prescribed security and communication procedures. The company aims to constantly offer advanced and reliable solutions, combined with high-quality services, to ensure optimal operation and maximum performance for its customers.

Solution & Product

Oxygen allows entrepreneurs to create their company’s “source of truth” and effectively manage their brick & mortar, online stores and team in ONE platform. This includes the creation process of the business itself, the management of the inventory, the team, onboarding process, employee benefits, payroll, sale channels, online & QRcode and link payments, checkout solution and bank balances using Open Banking services. They can also handle all myData requirements without any external tool. Oxygen is the easiest way for brands & retailers to integrate and sell their products on the largest online marketplaces and price comparison engines like Skroutz, BestPrice, Amazon, and eBay from one single platform. The platform helps create and manage listings, controls inventory, the picking, packing and shipping of orders (order fulfillment), sends invoices to customers, and all these from a single, intuitive interface. Oxygen also creates various BI and Metabase reports for strategic decisions using AI and other services like ChatGPT. Finally, every invoice may include a payment link or QRcode that the recipient can click or scan to pay the invoice by card or bank transfer. This brings the ability for the final customer to pay faster and with 1 click every invoice and at the same time minimizes the invoice payment time for the merchant.

Innovation & Scalability

With Oxygen you can create your business, add your team to “Ergani”, connect your sale channels like your eShop, Skroutz and physical stores, send invoices, connect to myData and accept card payments in 1 minute, but most important you can do all this in ONE platform, having all the reports you need to make the right business decisions. This means that all these can be done from one single platform and at least an order of magnitude faster than other similar services. One example and innovative process is the ability to get a Cash Register (Ταμειακή μηχανή) in less than 30 minutes. This process can take up to many days if you try to do it the traditional way. Finally there is no need for the “Z” process every day, since Oxygen is directly connected with myData services in real time. Last year our paid customers used our systems to invoice their customers with an aggregated amount of 200M euro, which is a 62% growth from the year before. We expect to reach 1B euro in the next 2 years. Another important parameter for our growth are the fees from the Gross Merchandise Value (GMV) revenue that our merchants are generating, from all invoices and payment links that are getting paid through our systems. In 2021 we generated a GMV of 80K, in 2022 we reached 370K and we expect to reach 1M in GMV in the next 2 years.

Traction & achievements

The Oxygen platform is one of the few companies that have a license for Electronic Invoicing Provider from AADE for myData compliance. In 2021 we had almost 200k revenue and in 2022 340k. In 2023 we estimate that we will pass the 0,5M revenue mark and we expect our revenue to surpass 1M by 2025, without taking in consideration the user adoption and potential revenue from all the new products and services that we have on our future roadmap.

Team & Why Us

The founder team consists of three co-founders. -Fragkoulis Maounis has 23 years in the technology industry and created 6 companies and invested in another 4 companies in 4 different countries. He has co-founded Enartia S.A., Papaki.com and Top.Host and was the CEO for 17 years, until he exited the group after an acquisition from the Belgium Team.Blue. -Ilias Sarantoglou (COO) and Vaggelis Grassos (CEO) with more than 15 years of experience in creating business software. The founding team holds degrees in Electrical Engineering, Mathematics, Finance, Computer Science and MBA. The team also has: -A customer experience team leader with more that 5 years of experience and a team of 4 customer success agents. -2 software engineers -1 person in people operations -A marketing team of 2 people with more than 4 years of experience -A senior part time product designer Our team, from technical experts to visionary leaders, our diverse team brings a dynamic blend of expertise to drive our company's success. We have a proven track record of delivering results, and our passion for what we do shines through in every aspect of our work.

Funding Needs

Our current funding needs will be invested in the following three: 1. Creation of modules and new applications on our All in One platform 2. Reinforcement of the company's R&D in order to develop new services and solutions. 3. Expand into new markets and increase market share