EToro co-founder: The company has ample cash to pursue "more ambitious" acquisitions.

PANews, September 8 - According to a report by Bloomberg, Ronen Assia, co-founder of the multi-asset trading platform eToro Group Ltd., stated that the company is ready to undertake “more ambitious” acquisition deals and has the funds necessary to carry out such transactions. He mentioned that the acquisition targets include entities that can help the company's platform add more asset classes and cover more regions, but did not specify any particular companies or plans. Since 2020, eToro has completed a series of acquisitions, including the acquisition of fintech companies Gatsby and Spaceship in 2024. As of June 30, eToro had approximately $1.2 billion in cash and cash equivalents, with a cash position of $988 million at the same time, and no debt.