Oanda boosted by $17m stake from Index Venture
NEWS
Although neither firm would disclose the share of the business the sum bought, Michael Stumm, president of Oanda in Toronto, confirmed it is not a majority stake.
Stumm said Oanda will use the venture capital funding to further extend its market position and range and become more mainstream. "We have been very stealthy until now," he said.
Stumm would not confirm who the other shareholders are, but none of them are institutional investors. He and Oanda Holding NV both held at least a 10% share
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