Proxgy launches AudioCube for UPI and CBDC payment notifications:
Proxy, an innovative IoT technology startup based in India, has recently expanded its offerings by entering the Fintech sector with the introduction of its latest product line called AudioCube. AudioCube is a cutting-edge payment alert audio mechanism designed for merchants and retailers, incorporating multi-lingual capabilities and integration with an ad network. It serves as a real-time transaction settlement system that operates independently of the payment gateway.
The AudioCube is currently available in 120 cities across India and offers seamless connectivity through 4G, Wi-Fi, and Bluetooth technologies. Notably, it is designed to be dust-tolerant, ensuring its durability in various environments. The device supports 24 Indian languages, making it accessible and user-friendly for a diverse range of users. Additionally, it offers multiple customization options, including a dynamic QR code with an LED display, a thermal printer, ad network integration, and dual screens, providing flexibility and versatility for different business needs.
One of the standout features of the AudioCube is its impressive battery life, offering up to three days of usage on a single charge. The device utilizes Type C fast charging technology, allowing quick and convenient recharging.
By venturing into the Fintech space, Proxgy aims to provide merchants and retailers with an advanced payment solution that enhances transaction efficiency and customer experience.
The AudioCube’s comprehensive features and capabilities make it an attractive option for businesses seeking a reliable and user-friendly payment alert system. With its wide availability and support for multiple languages, Proxgy aims to cater to a diverse customer base and contribute to the growth of digital payments in India.
As Proxgy continues to innovate and expand its product offerings, its entry into the Fintech sector with AudioCube showcases its commitment to leveraging IoT technology to address emerging market needs and drive technological advancements in India’s business landscape.
Pulkit Ahuja, the Founder & CEO of Proxgy, expresses his enthusiasm and confidence in the capabilities of the AudioCube as a game-changer in the banking and fintech sector in India. He highlights the advanced features and customization options of the device, which are aimed at delivering an exceptional user experience. Ahuja also emphasizes the importance of data security and compliance, acknowledging the critical role they play in the fintech industry.
By acknowledging the need for innovation and partnerships within the sector, Ahuja demonstrates Proxgy’s commitment to providing cutting-edge solutions that meet the evolving needs of the banking and fintech landscape. The introduction of AudioCube signifies Proxgy’s dedication to pushing the boundaries of IoT technology to drive positive changes in the financial services sector.
With Ahuja’s positive outlook and emphasis on user experience, data security, and industry collaboration, it is clear that Proxgy is positioned to make a significant impact in the fintech space in India with its AudioCube product line.
Proxy, as a company, has consistently demonstrated its dedication to providing secure and innovative solutions since its inception. With a strong presence in the Industrial IoT sector, Proxgy has successfully served major Public Sector Undertakings (PSUs) and leading industrial players. The company’s expertise lies in delivering customized cutting-edge hardware products complemented by proprietary software solutions.
By launching AudioCube, Proxgy has expanded its reach into the Fintech space, aiming to make a significant impact on the banking and financial services landscape in India. This new product line simplifies the integration of payment gateway Android applications by consolidating multiple applications onto a single Soundbox. This consolidation streamlines operations and reduces the need for multiple sound boxes for each payment gateway, leading to improved efficiency and cost-effectiveness.
Pulkit Ahuja, Founder & CEO of Proxgy, recognizes the revolutionary nature of AudioCube. With advanced technology and customizable features, the product aims to redefine the banking and fintech experience for both merchants and retailers. By combining cutting-edge technology with a focus on customization, Proxgy aims to deliver a solution that addresses the specific needs of the industry and provides an unparalleled user experience.
Proxgy’s track record in the Industrial IoT sector, serving major PSUs and industrial players, showcases the company’s expertise and capability in delivering reliable and tailored hardware solutions. The proprietary software solutions developed by Proxgy further enhance the functionality and performance of their hardware products.
With its entry into the Fintech space through AudioCube, Proxgy demonstrates its commitment to staying at the forefront of technological advancements. By leveraging its expertise in IoT and software development, Proxgy is well-positioned to provide secure, innovative, and integrated solutions that simplify operations for businesses in the banking and fintech sectors.
Through the launch of AudioCube, Proxgy not only aims to revolutionize the banking and fintech landscape but also reinforces its commitment to delivering products that prioritize data security, compliance, and an exceptional user experience. As Proxgy continues to forge industry partnerships and drive innovation, its AudioCube product line is poised to significantly reshape the future of banking and fintech in India.
Proxgy’s recent achievements reflect its growing prominence in the technology and startup landscape. The company’s success at the SuperNova Championship during GITEX Africa 2023, where it secured the top position and received a cash award of USD 50,000, demonstrates its ability to stand out among competitors in the African tech industry. Being recognized at such a prestigious event highlights Proxgy’s innovative solutions and their potential to make a significant impact in the market.
Furthermore, Proxgy’s participation in Shark Tank India in 2022, where it garnered investment offers from multiple sharks, showcases the company’s ability to attract attention and interest from prominent investors. This recognition not only validates Proxgy’s potential but also provides the necessary financial support to develop its products further and expand its operations.
With a portfolio of six proprietary products, Proxgy has demonstrated its commitment to developing unique solutions that address everyday challenges blue-collar workers face. This focus on solving real-world problems has resulted in the company securing over 25 patents in India, showcasing its dedication to innovation and intellectual property protection.
Proxgy’s ongoing seed round, expected to close at a valuation of $17 million, signifies investor confidence in the company’s growth potential. This funding will provide Proxgy with the necessary resources to continue its research and development efforts, expand its market reach, and scale its operations.
Overall, Proxgy’s recent accomplishments, including its success at the SuperNova Championship, recognition in Shark Tank India, and ongoing funding round, underscore the company’s position as an emerging player in the tech industry. With its focus on innovative solutions, patent portfolio, and strong investor interest, Proxgy is well-positioned to expand its presence further and make a lasting impact in the market.
