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OmiseGO's stated objective is to provide better financial services for everyone, including both people who use traditional banking services and people in developing countries and locales which lack traditional banking infrastructure.
OmiseGO Pte Ltd is a subsidiary of Omise Pte Ltd, a payments processor in south-east Asia.
OmiseGO was started by Jun Hasegawa and Donnie Harinsut, the founders of Omise, in 2017. OmiseGO's initial coin offering in 2017 raised over USD $25 million, turning down over USD $100 million in the process,
The publicised plan for the OmiseGO blockchain was to be a fully on-chain and massively-scalable decentralised exchange, liquidity provider mechanism, clearinghouse messaging network, and an asset-backed blockchain gateway.
It was scheduled for launch in Q4 2017, but is not yet operational.