LONDON, March 21, 2018 /PRNewswire/ --
Fundraise follows a period of significant growth for the business which now has 9 million users worldwide
eToro, the world's leading social trading and investment platform, today announced a Series E fundraise of $100 million to support its expansion into new markets as well as its continued research and development of blockchain technology and the digitisation of assets.
(Logo: http://mma.prnewswire.com/media/520426/eToro_Logo.jpg )
Led by China Minsheng Financial, the round of funding was participated in by SBI Group, Korea Investment Partners, World Wide Invest and other investors. Rothschild acted as the exclusive financial adviser to eToro.
eToro joined the London Stock Exchange's ELITE programme in 2015 and completed its capital raising with the support of ELITE Club Deal, London Stock Exchange Group's private placement platform.
The new investment brings the total capital raised by the business to $162 million and follows a period of significant growth for the business driven, in part, by demand for investments in the cryptocurrency market.
Commenting on the fundraise, Yoni Assia, CEO and founder of eToro, said: "eToro was built with the vision of democratizing financial markets by making trading and investing accessible to all. Since launching, we've seen strong customer demand for our approach and today's announcement is an important milestone in marking the success that we've had and signaling a new period of growth and expansion for our business.
"This round of investment will be critical in helping us to further develop our technology infrastructure to support the rapid growth that we've recently experienced. It will also help us to enter new markets, enabling us to bring our social approach to investing to more people around the world, and providing more people with safe and secure access to the markets.
"On top of this, as new technology continues to change finance, we want to remain at the forefront of that change. So today's announcement will help us to continue our market leading work in blockchain research and the development of digital assets."
eToro was founded in 2007 and now has a community of over 9 million users. In 2017, eToro received over $1bn in customer deposits and over one million new registrations in Q4 alone. This has led to a period of expansion for the business globally, including the opening of new offices and a drive to increase headcount.
About eToro
eToro is the world's leading social trading and investment platform. The award-winning platform connects you with a community of 9 million users, with expertise in everything from investing in traditional asset classes like stocks, commodities, currencies and indices through to cryptocurrencies.
eToro offers clients three ways to access the markets:
You can manually invest in over 1,500 instruments across six different asset classes.
For those who lack the time or experience, you can automatically copy the trades of other traders on the platform, benefiting from their in-depth knowledge and investment expertise.
Lastly, investors can use our CopyFunds to access unique investment portfolios. Top Trader CopyFunds comprise the best performing and most sustainable traders on eToro, Market CopyFunds bundle together CFD stocks, commodities or ETFs under one chosen market strategy; and Partner CopyFunds offer portfolios from third party experts.
eToro is the next-generation hub for traders and investors of all shapes and sizes.
For further information, visit http://www.eToro.com
