OANDA Corporation, well known for pioneering Internet-based forex trading and a global leader in currency information services, announces today that a consortium of investors has invested $100 million in the company's Series B round of venture capital funding.
"This investment is important to OANDA, not only as a vote of confidence in the way we do business, but because the additional capital solidifies our ability to serve corporate and institutional clients," said Michael Stumm, CEO and co-founder of OANDA Corporation.
Krishna Kolluri, a general partner at New Enterprise Associates who will join the OANDA board of directors, explained that "OANDA's trading platform is technologically the most sophisticated in the industry and was a big reason for our investment. It is OANDA's use of that technology to redefine currency trading that separates it from its competition. We look forward to a long and successful relationship with this outstanding team."
Source: OANDA Corporation, 18 September 2007
http://oanda.com/
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