eToro is a fintech company that revolutionizes the way people invest and enhances investors’ financial education. The platform helps investors to invest in instruments across different asset classes and automatically copy the trades of other traders on the platform and access investment portfolios, enabling customers to connect people with expertise in traditional asset classes and cryptocurrencies.
The company has completed a $250 million financing round at a valuation of $3.5 billion. The new fundraising was led by ION Group and Softbank’s Vision Fund 2. Other investors include Social Leverage and Spark Capital.
eToro, Tel Aviv, Israel, was founded in 2007 by CEO Yoni Assia, Ronen Assia, and David Ring. Currently, the company operates in 140 countries. “Towards the end of the first quarter of 2023, we see an improvement in total revenue and profitability compared with the last quarter of 2022, as well as an increase in the volume of trading activity among our customers. 2023 began positively when the markets responded positively to “less bad” news and trading among private investors has reached an all-time high,” said Yoni Assia, CEO & Founder of eToro.