The people
What they build
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Working at OANDA
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On the TechTO stage
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About
OANDA started in 1995, before 'fintech' was a word, when University of Toronto professor Michael Stumm and Richard Olsen set out to publish accurate currency exchange rates for free. The rates site launched in 1996 and the company went on to build a retail foreign exchange trading platform regulated across North America, Europe, Asia and Australia. Stumm ran it as CEO from 2001 to 2012. CVC Capital Partners Asia Fund IV agreed to acquire it in May 2018; CVC in turn agreed to sell OANDA to the FTMO group in February 2025, and FTMO announced the completed acquisition in December 2025. Stumm looked back at the whole thing on the TechTO stage in August 2016.
Backers
Acquired by CVC Capital Partners Asia Fund IV in 2018, then sold to the FTMO group — announced February 2025, completed December 2025.
Quick answers
When was OANDA founded?
1995, by Michael Stumm and Richard Olsen. Its first public product — free currency exchange rates and historical data on the web — launched in 1996.
Who owns OANDA now?
The FTMO group. CVC Capital Partners bought OANDA in 2018 and agreed to sell it to FTMO in February 2025; FTMO announced the completed acquisition in December 2025.
What is its Toronto connection?
It was founded in Toronto by a University of Toronto computer engineering professor and is one of the city's earliest financial technology companies. It still lists Toronto among its regulated offices.