Social investment network eToro plans to go public through a merger with a blank check company FinTech Acquisition Corp. V backed by Betsy Cohen, founder and the former CEO of The Bancorp. The deal, set to close in the third quarter, was led by investors including ION Investment Group, Softbank Vision Fund 2, and Fidelity Management & Research.
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Robinhood rival eToro to go public via $10.4b SPAC merger
“eToro is a truly diversified, multi-asset investment platform but we are big believers in crypto and the blockchain technology that underpins it,” said CEO and co-founder of eToro Yoni Assia. “We are excited to see the continued mainstream adoption of crypto.”
