Access Holdings’ Oxygen X disburses ₦152 million in loans, posts ₦805 million profit in first year
- Oxygen X disbursed ₦152 million in consumer loans in 2024.
- The company achieved a pre-tax profit of ₦805 million in less than a year.
- Oxygen X generated ₦4.1 billion in revenue, largely from its Credit Lifecycle Management Product.
Oxygen X's rapid growth and profitability in a competitive digital lending market indicate a strong potential for further expansion. However, the modest customer base and the need for robust cybersecurity measures highlight areas for improvement. The company's strategy to evolve beyond a bank-affiliated tool into an independent fintech will be crucial for its long-term success.
