What OA Markets does

OA Markets, operated by OA Group Limited (incorporated in Mauritius, founded 2013), is an integrated financial services platform positioned as a gateway between African markets and global capital. The firm operates six core product lines: Payments (cross-border remittance, trade and working capital, liquidity management, FX hedging, payment gateway); Fixed Income (trading of treasury bills, government and corporate bonds in Ghana, Nigeria, and Côte d'Ivoire); Commodities (physical and financial trading across 20+ commodities including gold and crude oil); Technology (proprietary trading and payment infrastructure offered as a service); Research & Data (FX rates, securities pricing, and macroeconomic indicators); and Advisory (M&A, debt and equity financing, corporate finance). Underlying technology consists of a proprietary multi-currency trading and payments stack integrated across multiple regulatory jurisdictions, with stated AI and analytics capabilities supporting risk management and payment intelligence.

The company serves institutional clients including banks, fintechs, money transfer operators (MTOs), mobile network operators (MNOs), government agencies, development finance institutions (DFIs), asset and wealth managers, family offices, and pension funds. Revenue is generated through transaction fees, brokerage spreads, and professional services fees on a pay-as-you-go basis; pricing is quote-based and disclosed to clients prior to execution rather than published. Distribution combines direct enterprise sales via dedicated broker-analyst coverage with on-the-ground presence in seven African markets (Mauritius, Ghana, Nigeria, Côte d'Ivoire, Kenya, Uganda, Tanzania) and international offices in London and Canada.

OA Markets holds seven or more regulatory licenses across five-plus jurisdictions (Mauritius FSC, Bank of Ghana, Ghana SEC, Central Bank of Nigeria as IMTO, Nigeria SEC and NGX as broker/dealer, Bank of Tanzania as PSSP, Bank of Uganda as forex bureau, plus UK FCA and Canada FINTRAC via subsidiary One Africa Technologies), and is ISO/IEC 27001:2022 certified for information security management. Cumulative disclosed volumes include $10B+ in foreign exchange transactions and $4B+ in fixed income trades over a 12-year operating history.

Name

OA Markets

Legal name

OA Group Limited

Website

https://oamarkets.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

OA Markets (One Africa Markets) is a Mauritius-headquartered, multi-jurisdictional financial services platform offering payments, fixed income, commodities, advisory, technology, and research services to over 1,000 institutional clients across Africa, the UK, and Canada.

Ownership category

akta.pro rank

Product category

Financial Brokerage and Capital Markets Services

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (52316), Investment Banking and Securities Intermediation (52315)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

FX Electronic Trading Platforms (Spot/Forwards/Swaps) (FSAFANAC)

akta.pro secondary industries

Bank-to-Client (Single-Dealer) FX Trading Platforms (FSAFADAB), Institutional Multi-Asset Trading Platforms (OTC/RFQ) (FSAFAEAB), Commodity Electronic Trading Platforms (Energy/Metals/Agriculture) (FSAFANAF), Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

Keywords

• Foreign exchange brokerage
• Fixed income trading
• Commodity trading services
• Cross-border payments
• Corporate financial advisory

Headquarters

HQ city

Accra

HQ country

Ghana

HQ region

Africa

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Foreign Exchange Transactions: Currency brokerage and FX transaction services generating revenue through spreads and transaction fees on foreign exchange trades
2. Fixed Income Trading: Fixed income securities trading across Ghana, Nigeria, and Côte d'Ivoire including treasury bills, government bonds, and corporate bonds
3. Payments & Remittances: Cross-border payment services, remittances, and payment gateway solutions for MTOs, MNOs, banks, and fintechs
4. Commodities Trading: Physical and financial commodity trading across 20+ commodities including gold, crude oil, aluminum, copper, and natural gas
5. Advisory Services: Strategic advisory including M&A facilitation, debt/equity financing, and corporate finance advice

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

OA Markets operates an integrated institutional financial services platform delivering cross-border payments, foreign exchange, fixed income securities trading (Treasury Bills, Government Bonds, Corporate Bonds), and commodity brokerage across 20+ commodities including gold, crude oil, aluminum, copper, and natural gas. The firm also provides corporate advisory (M&A, debt and equity financing), market research and data, and proprietary financial technology infrastructure connecting African markets to global capital flows.

Product overview

One Africa Markets operates as an integrated financial services platform offering a comprehensive suite of products across Payments, Fixed Income, Commodities, Technology, Research & Data, and Advisory. The core Payments platform provides cross-border payment infrastructure with sub-products including Cross Currency Solutions, Remittance, Trade & Working Capital, Liquidity & Float Management, Risk Management & Hedging Strategies, and Payment Gateway. The Fixed Income service enables trading of Treasury Bills, Government Bonds, and Corporate Bonds with $6B+ in trades. Commodities covers 20+ commodities including Gold and Crude Oil. Research & Data delivers real-time FX rates, securities pricing, and predictive analytics. Advisory services include M&A, Debt/Equity Financing, and Corporate Finance. These products work together as a unified financial ecosystem serving banks, fintechs, MTOs, MNOs, and institutional investors across African markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Payments Cross-border payment and foreign exchange solutions enabling remittance, trade finance, and currency risk management for financial institutions, fintechs, MTOs, MNOs, and enterprises across African markets.
• Fixed Income Fixed income securities trading platform covering Treasury Bills, Government Bonds, and Corporate Bonds across Ghana, Nigeria, and Côte d'Ivoire, with more than $6 billion in cumulative trades executed for institutional clients.
• Commodities Commodity origination and execution services covering 20+ commodities including Gold, Crude Oil, Aluminum, Copper, and Natural Gas with physical and financial trading capabilities for producers, refiners, and investors.
• Technology Proprietary financial technology infrastructure providing payment systems, trading platforms, and digital solutions for financial products and services across African markets.
• Research and Data Financial markets data platform providing real-time FX rates, government securities pricing, commodity prices, macroeconomic indicators, and predictive analytics for African markets.
• Advisory Strategic advisory services including Mergers and Acquisitions, Debt and Equity Financing, and Corporate Finance advice for businesses operating in African markets and international investors entering Africa.

Quantifiable outcome

• $10 billion+ in foreign exchange transactions over 12 years
• +4 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered core.

• Mauritius Financial Services Commission (FSC)coreOthersRegulatory licensing and oversight for global treasury operations from Mauritius FSC, one of Africa's most respected financial regulators
• Bank of GhanacoreOthersLicensed as Forex Broker and Primary Dealer under Bank of Ghana regulatory framework, enabling operations in Ghana's currency and bond markets
• Ghana Securities and Exchange Commission (SEC)coreOthersBroker license from Ghana SEC for securities trading and investment services operations
• Central Bank of Nigeria (CBN)coreOthersInternational Money Transfer Operator (IMTO) license enabling cross-border remittance and payment services in Nigeria
• Nigeria Securities and Exchange Commission (SEC) & NGXcoreOthersBroker/Dealer licenses from Nigeria SEC and Nigerian Exchange Group for securities trading operations
• Bank of TanzaniacoreOthersPayment System Service Provider (PSSP) license for digital payment services in Tanzania
• Bank of UgandacoreOthersForex Bureau license for foreign exchange operations in Uganda
• UK Financial Conduct Authority (FCA)coreOthersUK FCA registration through One Africa Technologies for operations in the United Kingdom
• Canada FINTRACcoreOthersFINTRAC registration through One Africa Technologies for compliance with Canadian anti-money laundering regulations

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Afreximbank: The African Export-Import Bank is a continental trade finance institution supporting cross-border trade, FX, and payment flows across Africa. Comparable for trade finance and cross-border payments infrastructure serving African institutional clients.
• Rand Merchant Bank (RMB): Rand Merchant Bank is the investment banking division of FirstRand and one of Africa's largest interbank brokers, providing FICC, FX, commodities, and advisory across the continent. Directly comparable to OA Markets as a multi-asset institutional broker with pan-African reach.
• Standard Bank Group: Standard Bank is Africa's largest banking group by assets with extensive CIB, FX, fixed income, and commodities capabilities across sub-Saharan Africa. Directly comparable for its FICC and cross-border payment offerings to African institutional clients.
• Absa Group (formerly Barclays Africa): Absa is a pan-African financial services group with significant FX, fixed income, and advisory operations across multiple African markets. Comparable for institutional brokerage, payments, and cross-border transaction banking.

Emerging players

• Onafriq (formerly MFS Africa): Onafriq is a leading African cross-border payments network connecting mobile wallets, banks, and MTOs across 40+ African countries. Comparable for cross-border payments and remittance infrastructure that OA Markets serves through its Payments product.
• Flutterwave: Flutterwave is a major African payments infrastructure provider enabling businesses to send and receive money across African countries. Comparable as a regional payment gateway and cross-currency platform competing for the same institutional clients OA Markets serves.
• AFEX (Africa Commodities Exchange): AFEX operates commodity exchanges and warehousing infrastructure across multiple African countries, providing trading, financing, and market data for agricultural commodities. Comparable to OA Markets' commodities origination and execution arm.

Regional players

• FMDQ Group: FMDQ operates Nigeria's fixed income and currency exchange infrastructure, providing trading, clearing, and market data services. Comparable for fixed income and FX execution services in Nigeria, the company's largest single market.

Direct peers

• Afrinvest West Africa: Afrinvest is a leading West African investment bank providing securities brokerage, asset management, advisory, and fixed income trading across Nigeria and Ghana. Closely comparable for institutional brokerage and FICC services in West Africa.
• Cordros Capital: Cordros Capital is a Nigerian investment bank and broker/dealer on the Nigerian Exchange providing fixed income, equities, FX, and advisory services. Directly comparable as a West African multi-asset broker serving institutional clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OA Markets