Proxgy, an Internet of Things (IoT) technology start-up, has forayed into the fintech space with the launch of its AudioCube product line. This multi-lingual payment alert audio mechanism with ad network integration for merchants and retailers acts as a real-time transaction settlement system irrespective of the payment gateway.
Available in 120 cities across India, 4G, Wi-Fi and Bluetooth-enabled AudioCube is dust tolerant, supports 24 Indian languages and has multiple customization options, including a dynamic QR with a LED display, a thermal printer, an ad network integration and dual screens. It comes with up to three days of battery life with Type C fast charging.
Pulkit Ahuja, founder and CEO of Proxgy, said, “With its advanced features, customization options, and industry partnerships, AudioCube will deliver an unparalleled user experience while prioritizing data security and compliance for the fintech players."
AudioCube simplifies the integration of payment gateway Android applications by consolidating multiple applications onto a single Soundbox. This streamlines operation and reduces the need for multiple sound boxes for each payment gateway. “It is a revolutionary product that combines advanced technology and customizable features to redefine the banking and fintech experience,” Ahuja added.
Since its inception in 2020, Proxgy has already established its presence in the industrial IoT sector by serving major PSUs and industrial players. Its expertise lies in delivering customised cutting-edge hardware products backed by proprietary software solutions.
The start-up, recently received a cash award of $50,000 at SuperNova Championship at GITEX Africa 2023, the leading tech and startup event in the African continent. It also bagged investment offers from multiple sharks in Shark Tank India 2022 reality show.
Proxgy is currently in the process of closing its seed round at a $17 million valuation. The company currently has six proprietary products and has received over 25 patents in India for its various solutions to solving everyday problems for blue-collar workers.
