The parent organization Omise - a large fintech company from Singapore - has "Unbank the Banked" as its slogan. This means the possibility of making international payment traffic possible for anyone who wants to, without excluding specific target groups because of poverty or corruption.
The cryptocurrency OmiseGO (OMG) established in 2013 is part of Omise. Omise is a provider of online payment services and is active in Southeast Asia. OmiseGO was founded by Jun Hasegawa and Donnie Harinsut. These founders already worked for the company Omise. In addition, OmiseGO is supported by 2 founders of Ethereum: Vitalik Buterin and Gavin Wood.
The competition from OmiseGo is currently the well-known names that have been competing internationally for many years in the FIAT and other payment markets. They are brands such as Visa, MasterCard, PayPay and Alipay.
OmiseGo raised $ 19 million in June 2017 by selling 65.1% of the total offering (from ~ 140 million OMG) in a private sale. The total 140 million OMG are currently in circulation