Last Updated on January 18, 2022
The popular multi-asset trading and investment platform (eToro) is gaining more traction daily. It’s expanding and creating solid and liable business and trading connections. The Israeli social investment company has merged with the exclusive Fintech Acquisition Corp V, a “publicly traded special purpose vehicle” (SPAC). This happened on business terms and agreement; once the deal is sealed, the combined firms will work as eToro Group Ltd. They are also expected to appear in the NASDAQ list.
EToro is a 2007 establishment that was designed to support various investments such as:
- Cryptocurrencies/ assets.
- Smart portfolios.
The eToro platform aims to open capital markets; the platform allows users to trade directly. They can invest in the smart portfolio or copy other successful traders in the investment platform. In various eToro reviews, investors have multiple choices, from commission-free shares to cryptocurrency trading. EToro is mainly established or regulated in the UK, Europe, Australia, the US, and Gibraltar. The investment platform has found favor in different places. In 2019 the platform introduced cryptocurrency and social trading in the US. Incredibly eToro receive the approval to get the broker-dealer license. In 2021 eToro had a plan to establish stock in the country, which is gaining positive traction.
The eToro Group Ltd. Works and is expected to have an oblique equity value of roughly $10.4 billion (£7.5bn, €8.7bn). The investment platform has shown significant growth in 2020 by registering over million new users. The increase generated gross revenue of $605 million. Notably, 2021 has provided incredible results with new user registration (over 1.2 million) and 7million transactions. These transactions result from commitments from private placements from several significant investors: the ION investment group, Softbank vision fund2, Wellington Management, and more.
The financial expectation of eToro Group Ltd is an approximate $800m net cash to help in the company’s growth. The primary equity holders are investors and employees of the platform. The merge is fully supported by the board of Fintech Corp V and the eToro platform.
EToro wealth management plan
The eToro investment platform is an open pool for all investors. The new can learn from the established investors by copying their trading skills. It was designed for the global market to help traders invest and trade in a transparent and straightforward platform. The dream to incorporate everyone has been realized as eToro is the best and leading social investment network. The company has rapidly expanded through social investing and help from social platforms.
The online social platforms have introduced eToro to the outside world (outside the US). It has helped define the US market and have income roots from diverse locations. EToro has made a mark and helps create wealth for many investors globally.
EToro digital transformation and current pandemic
Wealth creation and providing simple, transparent services is the platform plan to reach many users. However, the current situation is challenging for many trading markets. The situation has forced many people to use social media platforms to invest. The digital transformation has boosted eToro revenues as many users are registering and investing in stock trading.
The new change is economically friendly and easy to adopt. However, the concern is what will happen once the Corona Virus is gone or subsides. Will, the investors continue using technology to make trade deals, or will they resolve back to old trading tactics. For proper planning, eToro took a survey for more than 1800 European adults (nine countries). The survey would help understand what people feel about the current digital transformation, how they have adapted to the technology, what they expect about digital innovation in the future or after the pandemic.
Key findings in the report/survey
The survey was conducted in nine countries: Denmark, France, Germany, Italy, Netherlands, Poland, Romania, Spain, and United Kingdom.
- The survey shows Denmark is the highest in digital penetration indicators. They are using many digital services such as online banking, retail sales, and digital platforms to interact with authorities.
- Spain is ranking first in digital readiness: many people in Spain are okay with the transition and use of digital platforms.
- Digital transformation and use of digital platforms is relatively low in Poland. However, the country supports digitalization than any other country ranked in the survey. Germany ranks as the weakest in the level of support for digitalization.
- The UK ranks as the top best in current levels of digital transformation.
- Though Poland ranks low in digital penetration, the country values digital growth. Poland advocates for digital investment in different sectors.
What the future for technology adoption
Technology penetration depends on how they embrace the change and use it in different sectors of life. Technology can help increase revenue and ease how people conduct business. The eToro survey shows two in five participants or adults feel that digital transformation is growing fast. There is also a percentage that feels the change is overwhelming. However, technology has helped in the current pandemic time. The new technology is helping streaming live Covid-19 results. The European people (51percent) agree to the fact that technology will change life and business.
The survey shows different digital challenges and positive effects in stock trading and other business. There are challenges such as cybercrime which tampers user’s data and loss of funds. However, the bright side demonstrates that digital technologies are already rooted in everyday activities, mainly in Europe. The people are ready to embrace digitalization in different sectors and also in economic growth. EToro investment platform seeks to ensure its services reach all investors easily and in a transparent way. The platform uses real-time investment measures just as actual markets. The user can select from various stocks (800 eToro stocks) provided by the investment platform. The eToro Group Ltd plans to utilize different trading platforms such as websites, mobile apps to reach other users. The platforms are fast, convenient, and legit; traders can open and close stock positions using the platforms presented by eToro.