The firm has forged strong relationships with exchanges, particularly with the Nasdaq.
Despite the setback of its SPAC merger plans, the firm secured $250 million in funding.
eToro,
the stock brokerage platform, is attracting interest from bankers and
investors regarding a potential public market listing. This announcement
follows the company's decision to abandon its plans to go public through a
merger with a blank-check company, revealed the CEO of eToro, Yoni Assia, in an interview with CNBC.
AI Integration: Transforming the Trading Experience
Assia expressed eToro's keen interest in entering the public
markets: "I definitely see us becoming eventually a public
company." While the timing of the listing remains under evaluation, Assia
emphasized that eToro has fostered strong relationships with exchanges,
particularly highlighting its ties with the Nasdaq stock exchange.
eToro, which boasts 35.5 million registered users and over 3
million funded accounts, reported revenues of $630 million in 2023, closely
aligning with its 2022 figures. Impressively, the company disclosed over $100
million in EBITDA for 2023, showcasing a robust margin for a retail brokerage
business.
The brokerage platform relies primarily on trading fees and
non-trading activities for its revenue generation. Additionally, eToro
disclosed its acquisition of Deep, a company specializing in content
automation, indicating its strategic focus on leveraging AI technologies in
content and marketing endeavors.
During his conversation with CNBC, Assia emphasized eToro's commitment to integrating AI into its
product experience, particularly in investing and trading functionalities. He
noted the significance of AI-related stocks among eToro's user base, citing a growing interest in AI-driven innovations such as ChatGPT developed by
Microsoft-backed OpenAI.
Securing Funding and Weathering Market Dynamics
Reflecting on eToro's initial plans for a SPAC merger, Assia
acknowledged the valuable learnings garnered from the experience. Despite the
setback, eToro successfully secured $250 million in funding in March 2023,
supported by SoftBank Vision Fund 2, ION Investment Group, and Velvet Sea
Ventures.
The financial technology sector has faced challenges in
recent years, influenced by fluctuating interest rates and market dynamics.
However, Assia remains optimistic about the prospects for 2024, anticipating
improved market conditions amid potential interest rate adjustments by the US
Federal Reserve.
eToro,
the stock brokerage platform, is attracting interest from bankers and
investors regarding a potential public market listing. This announcement
follows the company's decision to abandon its plans to go public through a
merger with a blank-check company, revealed the CEO of eToro, Yoni Assia, in an interview with CNBC.
AI Integration: Transforming the Trading Experience
Assia expressed eToro's keen interest in entering the public
markets: "I definitely see us becoming eventually a public
company." While the timing of the listing remains under evaluation, Assia
emphasized that eToro has fostered strong relationships with exchanges,
particularly highlighting its ties with the Nasdaq stock exchange.
eToro, which boasts 35.5 million registered users and over 3
million funded accounts, reported revenues of $630 million in 2023, closely
aligning with its 2022 figures. Impressively, the company disclosed over $100
million in EBITDA for 2023, showcasing a robust margin for a retail brokerage
business.
The brokerage platform relies primarily on trading fees and
non-trading activities for its revenue generation. Additionally, eToro
disclosed its acquisition of Deep, a company specializing in content
automation, indicating its strategic focus on leveraging AI technologies in
content and marketing endeavors.
During his conversation with CNBC, Assia emphasized eToro's commitment to integrating AI into its
product experience, particularly in investing and trading functionalities. He
noted the significance of AI-related stocks among eToro's user base, citing a growing interest in AI-driven innovations such as ChatGPT developed by
Microsoft-backed OpenAI.
Securing Funding and Weathering Market Dynamics
Reflecting on eToro's initial plans for a SPAC merger, Assia
acknowledged the valuable learnings garnered from the experience. Despite the
setback, eToro successfully secured $250 million in funding in March 2023,
supported by SoftBank Vision Fund 2, ION Investment Group, and Velvet Sea
Ventures.
The financial technology sector has faced challenges in
recent years, influenced by fluctuating interest rates and market dynamics.
However, Assia remains optimistic about the prospects for 2024, anticipating
improved market conditions amid potential interest rate adjustments by the US
Federal Reserve.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!