The social investment network eToro eToro announced the completion of the $100 million E round of financing.
The social investment network eToro eToro (hereinafter referred to as eToro) announced the completion of the $100 million E round of financing, this round of financing by KIP (Han Investment Partners), China Minsheng Financial, SBI, International Investment Corporation (WWI) and other well-known investment companies carry out. It is reported that the funds will be used for global business expansion and deep research and development and layout of blockchain technology.
eToro joined the LSE ELITE Program in 2015 and was approved for private placement on the London Stock Exchange with the support of its ELITE Club Deal program.
The ability to acquire a new round of strategic investment is partly due to the surge in eToro's business volume, and this new strategic investment has resulted in a total financing of US$162 million. The current market value of eToro has reached more than US$800 million. .
Yoni Assia, co-founder and CEO of eToro, said: “The original intention of eToro was to achieve the vision of financial democratization – to enable everyone to enter financial markets. Since its inception, we have witnessed strong customer demand. How to promote rapid business growth. The announcement of another successful financing today is an important milestone in the growth of eToro, marking a new stage in our development and ushering in a new period of expansion."
“This round of financing will strongly push eToro to further optimize the underlying technology to solidify the foundation and provide momentum for faster growth. It will also help us broaden our business landscape and enable more people in the world to safely enter the global financial market. And appreciate the charm of social investment."
“The most important point is that this will help us stay ahead of the forefront of financial technology change. Specifically, it will drive us to continue to develop in the blockchain technology to ensure leadership.â€
Founded in 2007, eToro is now the world's leading social investment network with more than 9 million users worldwide. In the fourth quarter of 2017 alone, it received more than 1 million new registered users. In August last year, eToro announced that its investment platform has added six mainstream cryptocurrencies, namely Bitcoin, Ethereum, Litecoin, Ripple and Dash. In addition to cryptocurrency investment transactions, they also have more than 900 kinds of investment products such as European and American stocks, China stocks, 49 foreign exchange, 53 ETF funds and 7 kinds of commodities.
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