Oxygen Finance

What Oxygen Finance does

Oxygen Finance is a Birmingham-based fintech and data analytics company, wholly owned by AIM-listed TruFin Plc, that operates a two-sided platform serving UK public sector buyers and the suppliers that sell to them. On the buyer side, the company runs the UK's leading early payment programme, processing over £2.7 billion in accelerated payments to 19,000+ micro and small suppliers, and monetises the programme through a small rebate fee deducted from invoice value. On the supplier side, the company sells Oxygen Insights, a subscription SaaS platform comprising modular products (Insights Spend, Insights Pre-Procurement, Insights Notices, Insights Frameworks, Insights Contacts, Insights Spend+, Insights Carbon, and Insights Spend API) that deliver public sector spend analytics, tender alerts, pre-procurement opportunity discovery, and supplier risk identification. The company complements these recurring revenue streams with P2P consulting services, AP recovery audits, a BACS payment gateway, Pipeline Manager (a compliance tool aligned with the Procurement Act 2023), and the FreePay no-cost early payment product used as a social value lever by councils.

The underlying technology combines proprietary data lakes of UK public sector spend and procurement pipeline information with workflow automation, NLP-assisted bid writing, and predictive analytics on tender opportunities. Distribution is primarily through direct enterprise field sales to local authorities and procurement leaders, supplemented by inside sales for SaaS subscription acquisition and a self-serve PLG motion via the bidstats.uk free tender alerts platform acquired in November 2023. Customer evidence is anchored in named local authority relationships (Shroxygen partners with Local Partnerships for procurement advisory and previously with Intrum for credit management, has expanded through the 2024 acquisition of Satago into broader working capital solutions, and holds ISO 27001 and Cyber Essentials Plus certifications. The company was acquired by Arrowgrass Capital Partners in 2017 and became a subsidiary of TruFin Plc following TruFin's 2017 AIM IPO, with reported first EBIT profit and record recurring revenue growth in 2024.

Name

Oxygen Finance

Legal name

Oxygen Finance

Website

https://oxygen-finance.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Oxygen Finance is a UK public sector fintech that operates the country's leading early payment programme alongside the Oxygen Insights SaaS market intelligence platform, serving local authority buyers and the suppliers that sell to them.

Ownership category

akta.pro rank

Product category

Public Sector Fintech

NAICS

Sales Financing (52222)

SIC

Short-Term Business Credit Institutions (6153), Finance Services (6199)

akta.pro primary industry

Supply Chain Finance (Trade Credit, PO/Inventory Financing) (FSAKAGAE)

akta.pro secondary industry

Open Account Trade Finance (Receivables/Payables Finance) (FSABAHAB)

Keywords

• Early payment programmes
• Public sector spend intelligence
• Supplier cash flow solutions
• Procurement data analytics
• Supply chain finance

Headquarters

HQ city

Birmingham

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Early Payment Programme Fees: Oxygen charges a small percentage rebate fee on invoice value for early payment services. Suppliers receive accelerated payment (typically within 3 days) and pay a small fee deducted from the invoice value. Local authority clients generate an income stream from the programme while protecting frontline services.
2. SaaS Subscriptions (Oxygen Insights): Subscription-based access to the Oxygen Insights platform providing spend intelligence, pre-procurement alerts, tender notices, and market data. Targets both suppliers selling to public sector and public sector buyers themselves.
3. P2P Consulting Services: Advisory and consulting services for procurement strategy, process improvement, and business case development for public sector organisations.
4. AP Recovery Audit: Accounts payable recovery audit service helping public sector organisations recover funds through targeted recovery audits.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels9 records

Core offering

Oxygen Finance operates an early payment programme that enables UK public sector organisations to pay suppliers faster (typically within 3 days) in exchange for a small percentage rebate fee, generating a new income stream for the buyer and improving supplier cashflow. It complements this with Oxygen Insights, a SaaS market intelligence platform providing public sector spend data, pre-procurement opportunity alerts, and tender notices for suppliers selling to government.

Product overview

Oxygen Finance offers a unified platform combining early payment solutions and public sector market intelligence. The core offering includes Oxygen Insights (a market intelligence platform with multiple modules including Insights Spend, Insights Pre-Procurement, Insights Notices, Insights Frameworks, Insights Contacts, Insights Carbon, Insights Spend+, and Insights Spend API) alongside Early Payment programmes (including FreePay) and Pipeline Manager. The products serve both public sector buyers seeking efficient procurement and suppliers wanting to win government contracts. The portfolio was expanded through acquisitions of Satago (cash flow solutions) and bidstats.uk (tender intelligence).

Differentiator

Problem solved

Functional benefit

Brands

• Oxygen Insights: Market intelligence platform providing public sector spend data, pre-procurement opportunities, tender alerts, and contract intelligence for suppliers selling to the public sector.
• FreePay
• Pipeline Manager
• bidstats.uk
• Insights Spend
• Insights Carbon

Products and services

• Oxygen Insights
• Early Payment Programme
• FreePay
• Pipeline Manager
• P2P Consulting Services
• AP Recovery Audit
• BACS Payment Gateway (Paygate)
• bidstats.uk

Quantifiable outcome

• Over £2.7bn paid early to 19,000+ micro and small firms via FreePay programme
• +3 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature10 records

Partnerships

Three partnerships are on record, tiered core.

• Local PartnershipscoreStrategic or Co-development Partner · 1 April 2025Oxygen Finance and Local Partnerships announced a strategic partnership in April 2025 to strengthen collaboration and unlock greater value for public sector clients through shared expertise and insight. Local Partnerships is a public sector organisation providing procurement and supply chain expertise to local authorities.
• BidStatscoreStrategic or Co-development Partner · 1 April 2025Following the acquisition of bidstats.uk for £0.5m in November 2023, BidStats operates as Oxygen Finance's tender intelligence brand providing free tender alerts and market intelligence to suppliers.
• IntrumcoreStrategic or Co-development Partner · 1 July 2019Oxygen Finance partnered with Intrum, Europe's leading credit management services company, to develop a modular payment and credit management solution for councils. The partnership combined Oxygen's public sector expertise with Intrum's credit management capabilities.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• C2FO: C2FO operates one of the world's largest early payment / working capital marketplaces connecting buyers and suppliers globally. Comparable to Oxygen's Early Payment and FreePay programmes in mechanism (supplier receives accelerated payment for a fee), though at much larger scale and across multiple geographies.
• Civica: Civica is a major UK public sector software vendor providing ERP, procurement, and back-office solutions to local authorities and the NHS. Comparable to Oxygen in target customer and procurement workflow adjacency, though Civica operates as a much larger diversified vendor with broader line-of-business offerings.
• Taulia: Taulia (owned by SAP) provides a supply chain finance and early payment platform integrated with SAP ERP systems, widely used by large buyers including public sector-adjacent entities. Comparable to Oxygen's early payment programme as a direct competing mechanism, though Taulia operates globally and via embedded ERP integrations.
• Funding Circle: Funding Circle is a UK-listed small business lending platform providing working capital and invoice financing to SMBs. Comparable to Oxygen's supplier-side early payment value proposition in addressing SME cash flow gaps, but operates as a balance-sheet lender rather than a buyer-funded programme.
• Coupa Software: Coupa is a large global spend management and procurement SaaS platform used by large enterprises and some public sector bodies. Overlaps with Oxygen's Oxygen Insights and Pipeline Manager at the high end of public sector spend management, but Coupa's product scope is much broader and its UK public sector footprint is limited.
• JAGGAER: JAGGAER (formerly BravoSolution) is a global source-to-pay and supplier management platform serving public sector and large enterprise buyers. Overlaps with Oxygen's procurement intelligence and pipeline management capabilities but addresses a much broader procurement portfolio.

Direct peers

• Proactis: Proactis is a UK-headquartered SaaS provider of source-to-pay and procurement solutions serving public sector and mid-market buyers. Directly comparable to Oxygen's Oxygen Insights, Pipeline Manager, and P2P consulting offerings given its overlapping buyer persona and public sector focus.
• Spend Network: Spend Network provides UK public sector spend analytics and market intelligence datasets that help suppliers and buyers understand procurement patterns. Closely comparable to Oxygen's Insights Spend, Pre-Procurement, and Notices modules, serving the same supplier-to-public-sector customer base.
• MarketFinance (now Resolve): MarketFinance is a UK invoice financing and business lending platform that helps SMEs accelerate receivables. Closely comparable to Oxygen's early payment mechanism in the UK SME cash flow use case, though MarketFinance serves private-sector buyers and uses balance sheet funding rather than buyer-funded rebates.
• ProSpend: ProSpend (now part of AccessPay/Sterling) provided public sector spend analysis and benchmarking services to UK councils. Compares to Oxygen's Insights Spend and benchmarking capabilities given the same target buyer and dataset orientation.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/oxygen-finance
• Xx.com/oxygenfinancehq

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oxygen Finance