What is Oanda?
Established in 1996 and headquartered in New York City, New York, OANDA provides currency exchange information and data for benchmark rates. Its services cater to a diverse clientele, including corporations, auditing firms, and global banks, highlighting its critical role in financial data dissemination and benchmark rate provision. The company's longevity and established client base suggest a mature and stable enterprise within the financial technology sector.
How much funding has Oanda raised?
Oanda has raised a total of $117M across 2 funding rounds:
Series A
$17M
Series B
$100M
Series A (2005): $17M with participation from Index Ventures
Series B (2007): $100M led by Legg Mason, Index Ventures, Cascade Investment, and ayondo Holding AG
Key Investors in Oanda
Legg Mason
Legg Mason is a global investment management firm, providing a diverse range of investment solutions and services to clients worldwide. Their expertise spans various asset classes, indicating a strategic interest in established financial service providers.
Index Ventures
Index Ventures is a venture firm investing in the next generation of entrepreneurs from seed to IPO. They partner with founders with bold dreams that challenge the status quo to build enduring companies. With offices in San Francisco & London, Index Ventures invests in entrepreneurs all over the world. Generational Index-backed companies include Adyen, Datadog, Discord, Figma, Robinhood, and Roblox.
Cascade Investment
Cascade Investment Group is a financial services firm with over 100 years of combined investment experience, dedicated to enhancing clients' financial well-being. They offer a range of personalized services including wealth management, investment advice, financial planning, and retirement planning, tailored to meet individual client needs.
What's next for Oanda?
With a history of significant capital raises, including a Series B round in 2007, OANDA is positioned for continued expansion and innovation. The recent major strategic investment signals a new phase of growth, likely focused on enhancing its data offerings, expanding its market reach, or developing new technological solutions. This backing will enable OANDA to further solidify its competitive advantage in providing essential currency exchange data and benchmark rates to its enterprise clients.
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