Oxygen Finance

Oxygen Finance, established in 2004, is a provider of early payment solutions, primarily serving public sector organizations in the United Kingdom, including local and central government and the NHS. The company's core business revolves around its Early Payment Programmes, which facilitate accelerated invoice payments to suppliers on behalf of its public sector clients. This is achieved through a combination of process improvement, technology deployment, and supplier engagement.

The business model generates a new income stream for its clients from rebates agreed upon with suppliers in exchange for the early payment. This approach provides suppliers with improved cash flow and injects liquidity into the local economy, while clients benefit from a new revenue source that can be reinvested into frontline services. Oxygen's solution is voluntary for suppliers and does not involve factoring or external funding. As of early 2023, the company worked with 54 public sector clients, representing over £24 billion in annual procurement spend, and enabled early payment to more than 13,000 suppliers.

In addition to its early payment services, Oxygen Finance offers a suite of data-driven products under the 'Oxygen Insights' brand. These SaaS products provide clients with market intelligence, spend data analysis, and pre-procurement insights to inform their purchasing strategies and identify opportunities. The company has also expanded its offerings to include services like AP recovery audits and BACS payment gateways. Oxygen Finance is part of the TruFin group, a specialist fintech and lending business, which acquired it prior to its IPO on the London Stock Exchange's AIM market in 2018.

Keywords: early payment solutions, supply chain finance, public sector procurement, purchase-to-pay, P2P efficiency, supplier payments, dynamic discounting, spend analytics, procurement data, social value, local government finance, NHS suppliers, invoice acceleration, working capital, fintech, B2B payments, supplier relationship management, AP recovery audit, market intelligence