16 July 2018
Visit www.gemalto.com

Social trading network eToro secures $27 million funding round

10 December 2014  |  5847 views  |  0 Fingers on Tablet computer, calculating

Social investment network eToro has secured $27 million in new financing from venture capital funds associated with two of the world's largest financial services organisations, China's Ping An Insurance and Sberbank of Russia.

The eToro network, which claims four million registered users in more than 140 countries, enables participants to see, follow and automatically copy the actions of other investors in real time.

"We're very excited to have two of the largest financial institutions in the world join our company as partners," says Yoni Assia, CEO and co-founder of eToro. "We look forward to leveraging their deep industry knowledge and expertise with our disruptive vision and product."

The company says it will use the funding and support of its new investment partners to expand into China and Russia as well as fast-track the roll out of new products.

"eToro has become synonymous with financial innovation among members of Gen Y all over the world," says Mircea Mihaescu, managing partner of SBT Venture Capital. "Social Investment is changing the way people trade and invest as part of a revolution started by eToro and we are thrilled to partner with such a successful and promising company."

EToro's current investors, Spark Capital and BRM Group, also participated in the round - while Silicon Valley Bank has provided a credit facility.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Social trading network eToro secures $15 million funding round

Social trading network eToro secures $15 million funding round

13 March 2012  |  4418 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
Visit www.aciworldwide.comVisit https://secure.vasco.comVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
Flux ready for take-off on Barclays Launchpad; scores trial with Costa CoffeeFlux ready for take-off on Barclays Launch...
10532 views comments | 4 tweets | 9 linkedin
Handelsbanken trials micro contactless cardsHandelsbanken trials micro contactless car...
9523 views comments | 18 tweets | 30 linkedin
PayPal ready to spend $3bn a year on acquisitionsPayPal ready to spend $3bn a year on acqui...
8083 views comments | 13 tweets | 17 linkedin
Championing financial inclusion and helping the UnstoppablesChampioning financial inclusion and helpin...
7999 views comments | 3 tweets | 1 linkedin
No greater change will occur than that in financial servicesNo greater change will occur than that in...
7626 views comments | 7 tweets | 13 linkedin

Featured job

to GBP Six-Figure Base, double ote, benefits
London, UK

Find your next job