Lule Demmissie, CEO of eToro US, said: The right time to start investing is always now and we are incredibly excited to bring eToro’s unique proposition to the residents of New York State. eToro believes that the secular trend that has powered the growth of the individual trader and investor will continue. Yes, engagement has…
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Among the firms included in the first portfolio are Array Technologies, Monster Beverage Corp., McDonald’s and Johnson&Johnson. However, eToro noted that the portfolio is not available to its US users. Bruce Keith, CEO at Bridgeweave said: Wealth management is being disrupted by changing demand from next-gen digital investors who will transform an underprepared industry. Partnering…
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FinTech Acquisition Corp. V was set up by well-known financier Betsy Cohen. The SPAC company and eToro announced their proposed merger in March 2021. The estimated implied equity value of the merger was initially at $10.4 billion, but was later taken down to $8.8 billion. The merger was terminated as the Israeli retail broker and…
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The data further revealed that younger investors are significantly more likely to want to have a say than older investors. In particular, 80% of participants in the survey between the age of 18 and 34 said they wanted to vote at AGMs if given the chance and 50% of investors around the age of 55.…
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As part of the acquisition agreement, both founders have joined eToro’s product development team. Filipe Sommer, co-founder of Bullsheet, comments: João and I joined eToro to be part of a community. It was the collaborative mindset of eToro, including the ability to copy other investors that really attracted us to the platform. eToro gave us…
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During his time at eToro, Holman negotiated many global sport sponsorships, positioning the company as the most active sponsor among the Retail FX/CFD brokers. eToro has made deals with football teams such as English Premier League, Polish football club Lechia Gdansk, Arsenal, and recently strengthened further its relationship with French football team AS Monaco by…
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Furthermore, OpenPayd’s API-based solution enables eToro to significantly speed up payment processing times and remove the possibility of human error. Kreeson Thathiah, Director of Payments at eToro, said: This partnership is an example of embedded finance in action; it’s a significant evolution in how we build innovative financial services. Working with OpenPayd – who’s platform…
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Jason Hughes, Senior Executive Officer, UAE at eToro said: This is an important milestone for eToro. The UAE has one of the most vibrant fintech landscapes in the Middle East, and Abu Dhabi one of the most sophisticated regulatory frameworks for digital assets. We’re incredibly proud to be joining this ecosystem. We look forward to…
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Integration of Gatsby Founded in 2018 by Co-CEOs and Co-founders Jeff Myers and Ryan Belanger-Saleh, the commission-free options and stock trading app Gatsby is focused on the younger generation of investors. According to the official announcement, Gatsby’s team will become part of eToro including Davis Gaynes (President and Co-founder), Peter Quinn (Chief Operating Officer and…
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Yoni Assia, eToro Co-Founder and CEO, said: In the current market environment, we believe that it is in the best interests of eToro to terminate the merger agreement and continue, for now, to operate as a private company. I would like to thank Betsy Cohen and the entire FinTech V team for their hard work,…
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