This latest round has taken place at a $3.5bn valuation
IN BRIEF:
- Investors include ION Group, SoftBank Vision Fund 2, Velvet Sea Ventures, and a number of existing investors
- This funding comes after an Advance Investment Agreement (AIA) which eToro entered in February 2021 as part of its proposed SPAC transaction
- eToro Group Ltd also announced its 2022 full-year financial results which noted total commissions of $631m
What does this mean?
“I am very proud of the success with which we navigated 2022, continuing to grow our user base and enhance our product offering. Our 2023-2025 strategy focuses on scaling our brokerage business in our key markets and increasing profitability via revenue growth and cost management.” commented founder and CEO Yoni Assia.
