OMG is an Australian independent trading and wealth management infrastructure fintech that provides a full suite of technologies and market infrastructure to investment professionals and connects consumers with investment and advice. Its tech stack spans KYC and onboarding, CRM, managed accounts, order and risk management, and execution, with new global capabilities after a managed cloud back-office upgrade delivered via GBST. OMG agreed to acquire equities markets‑specialist Cannon Trading for $12.5m, moving from a 40% to 100% ownership stake to secure market‑leading APIs and relationships with Cannon customers such as SelfWealth and Sixpark. The company extended its pre-IPO raise to $17.8m—primarily from sophisticated investor clients of its Openmarkets B2B arm and Opentrader retail product, with the remainder from existing investors—to support record growth in trading volume, customers, and revenue. Recent senior hires, including a former UBS managing director as derivatives specialist, a new chief product officer from Stan, and several ex‑Pershing staff, are intended to strengthen product, execution and client relationships. OMG intends to use the capital, acquisition, technology upgrades, and hires to integrate open architecture APIs, shore up its technology stack, and continue growth into 2022.

Total raised

$18M

Funding rounds

1

Latest round

Equity

Latest activity

Nov 2021