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eToro IPO: Shares Soar Nearly 40% on Nasdaq Debut

Israeli fintech giant eToro's shares, under the symbol ETOR, debuted on Nasdaq today (Wednesday) in a much-anticipated Wall Street listing. As expected, the shares were initially priced at $52, but quickly soared after the listing.Ahead of the debut, the company confirmed that it has increased the price of its initial public offering (IPO) to $52 per share, as its shares are set to begin trading publicly on Nasdaq today under the ticker “ETOR.”Market Capitalization above $4BAccording to Nasdaq data, the market capitalization of shares priced at $52 is currently $4,205,424,236. The highest price a buyer is currently willing to pay is $62.5, and the bid applies to 100 shares.Despite broader market uncertainties, trading platform eToro delivered a strong performance in its first day on the Nasdaq, signaling renewed investor appetite for tech IPOs. The company’s shares surged more than 40% after opening significantly above their initial offering price, marking one of the most notable trading debuts this year.? @eToro is officially #NasdaqListed. Proud to be your exchange partner, $ETOR! ? pic.twitter.com/aT5ZGriMmW— Nasdaq Exchange (@NasdaqExchange) May 14, 2025According to Investing.com data, the price at the time of publication was $71.5, representing a 37% increase from the IPO price of $52. The Israel-based company raised nearly $310 million in its initial public offering late Tuesday, selling almost 6 million new shares, CNBC reported.Read more: eToro IPO Set to Price Above Range as Investors Embrace Fintech Rebound: ReportThat price exceeded the expected range of $46 to $50. Existing investors also sold close to 6 million shares during the offering, pushing the company’s valuation to about $4.2 billion at the IPO price.Shares opened on Wednesday at $69.69, already a 34% premium over the IPO price, and climbed higher as the session progressed. The strong opening suggests investor confidence in the company's position within the stock and cryptocurrency trading space.“As technology continues to evolve, so does our ability to create more inclusive financial systems,” commented Yoni Assia for the Times of Israel. “Artificial intelligence, in particular, holds immense potential to revolutionize investing. At eToro, we’re already using AI to provide users with personalized insights, identify trends, and optimize their strategies,” he added.IPO Market Watches eToro's MomentumeToro’s strong debut arrives at a time of cautious optimism in the IPO market. Enthusiasm had started to build earlier this year after former President Donald Trump returned to office in January. However, fresh concerns over tariffs and trade policy soon tempered the outlook for new listings.As one of the few IPOs in recent months to beat expectations on both pricing and first-day performance, eToro may offer a roadmap for other tech firms considering a public listing in a volatile environment. This article was written by Jared Kirui at www.financemagnates.com.

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London’s Fintech FOMO: Treasury Woos Revolut and Monzo for IPOs

As Britain’s IPO drought drags on, the Treasury is trying to charm Revolut, Monzo, and other fintech darlings into listing in London instead of flying the fintech coop.The Courtship of Fintech RoyaltyThe UK government is rolling out the red carpet—again—for fintech the crown jewels of fintech. Treasury officials have reportedly held talks with Revolut and Monzo, ClearScore and OakNorth in an increasingly desperate effort to keep them in London. The goal? Convince these unicorns to resist the siren song of New York’s glitz and glamour and go public in the humble halls of the London Stock Exchange instead. While other firms are clearly of interest, it’s Revolut and Monzo, now the UK’s seventh largest bank, that are the prize.The Ghost of IPOs PastThis flurry of schmoozing comes as the UK grapples with a prolonged IPO dry spell. London hasn’t seen a blockbuster tech listing in years, and losing chip designer ARM to Nasdaq last year still stings like a Brexit hangover. That listing flop underscored a hard truth: for ambitious tech companies, London currently lacks the sparkle (and the liquidity) of its U.S. rival.Revolut, valued at around $45 billion last year, and Monzo, which recently hit a cool £4-4.5 billion valuation after a fresh funding round, would be major wins for the LSE. Their public listings could serve as a much-needed vote of confidence in London’s tech sector—and a PR lifeline for a market battling perceptions of stagnation.So, What’s the Pitch?According to reports, Treasury officials are trying to assure these companies that the government is committed to making the UK the best place to grow and list a company. "We are determined to make Britain the best place in the world to start up, scale up and list. That's why we are cutting red tape, ensuring businesses can access the capital they need to grow and supporting the country's most exciting companies to thrive through our industrial strategy,” said a Treasury spokesperson.An incredible day at the #IPO Forum! ?Some inspiring company leaders shared how they navigated the IPO process and their key lessons as a public company: @BrooksMacdonald, @PennonGroup, @Raspberry_Pi and @TritaxBigBox#CapitalMarkets pic.twitter.com/74RgE2w0Ij— London Stock Exchange (@LSEplc) May 9, 2025Translation: we’ll bend over backwards if you promise not to ghost us.Chancellor Jeremy Hunt has been vocal about this ambition, hinting at reforms to make UK capital markets more competitive. Think streamlined regulations, incentives for tech IPOs, and maybe even a PR makeover for the stodgy old LSE. But so far, the government’s charm offensive hasn’t sealed the deal.In any case, neither company appears to have said anything concrete. At this point, it’s like watching a peacock shaking his tail feathers and making a lot of noise while his prospective mate picks through the corn.Will London Win Out?This is not just about patriotism or PR. For Revolut and Monzo, where they list is a strategic decision that affects valuation, investor appetite, and long-term growth. The U.S. markets—despite their volatility—offer deeper pockets and a more tech-savvy investor base.Why did a Bay Area-founded Fintech - backed by celebrated US VCs - choose to IPO in London?@jonprideaux, Director & Former CEO of @BokuPayments, calls London “probably the world’s best place for small / midcap IPOs”. https://t.co/KzgClztlAM#FinTech #AIM30 #IPO pic.twitter.com/aLCpOoAtXl— London Stock Exchange (@LSEplc) February 6, 2025Still, there’s a chance. With global regulators cracking down on U.S. tech giants and geopolitical winds shifting, some firms might see value in listing in The City. But unless the UK accelerates its reforms—and proves it can offer more than just polite meetings and tea—the Treasury’s fintech courtship might end up being just another story of unrequited love.For more stories of fintech and unicorns, visit our dedicated pages. This article was written by Louis Parks at www.financemagnates.com.

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eToro Upsizes IPO Price to $52 a Share: Aims to Raise $620M at $4.2B Valuation

eToro has confirmed that it has increased the price of its initial public offering (IPO) to $52 per share, as its shares are set to begin trading publicly on Nasdaq today (Wednesday) under the ticker “ETOR”.Raising More MoneyThe Israeli company has also decided to offer about 12 million shares in the public offering, up from the earlier plan of 10 million. However, half of these will be newly issued shares, while the other half will come from existing shareholders selling their stakes.With the increased price, the fintech firm is now expected to raise nearly $310 million from the offering, valuing it at approximately $4.2 billion. Another $310 million will go the existing shareholders. In addition, if the IPO underwriters exercise their option contracts in the next 30 days, the multi-asset broker could raise an extra $93 million.In its initial prospectus, eToro planned to price the IPO between $46 and $50 per share, placing the company’s valuation between $3.7 billion and $4 billion. The upsized pricing followed reports of strong demand for the shares: the IPO was oversubscribed tenfold, prompting the early closure of the order book.A Robinhood CompetitorIn the American stock market, eToro competes with Robinhood. Although 70 per cent of eToro’s customers are from Europe and the UK, Robinhood’s base is largely American. eToro initially made its name through contracts for difference (CFD) instruments, although it now offers a wider range of products.The Israeli company has priced its IPO competitively against Robinhood. While it is more expensive than the three London-listed retail brokers—IG Group, Plus500, and CMC Markets—it remains cheaper than Robinhood.Read more: eToro’s $4B IPO - Too Pricey for Europe, a Bargain in the US?eToro ended 2024 with $931 million in total commissions and $192 million in net profit. However, the company now forecasts a lower net income for Q1 2025, between $56 million and $60 million, down from $64 million in the same period last year. It stated the drop was due to increased spending on marketing and growth.Although the company has not disclosed exact Q1 figures, its marketing expenses for 2024 stood at $147 million, a 27 per cent rise from the previous year. That figure was lower than the $234 million spent in 2022.Despite the lower Q1 income projection, the growth drive appears to be working. The number of funded accounts increased to 3.58 million at the end of March 2025, up from 3.13 million at the close of 2024. Net contribution also rose to between $214 million and $217 million, up from $201 million a year ago. This article was written by Arnab Shome at www.financemagnates.com.

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eToro IPO Set to Price Above Range as Investors Embrace Fintech Rebound: Report

After a months-long delay caused by tariff-related market swings, eToro is set to launch its U.S. IPO with stronger-than-expected investor interest, potentially pricing above its marketed range, Bloomberg reported. Israeli media outlet Globes also reported that the firm's shares will start trading on Nasdaq tomorrow (Wednesday). The renewed momentum offers a glimpse into the shifting sentiment around tech listings and retail trading platforms in a post-volatility climate. The Israel-based trading and investment platform, along with several early investors, plans to offer 10 million shares priced between $46 and $50 each. However, according to sources cited by Bloomberg, demand for the IPO has already exceeded supply several times over, putting upward pressure on the final pricing. The decision will be finalized late Tuesday, though it remains subject to change.RayJay slashes 2025 SPX EPS forecast to $250-255 from $270, maintains 5800 YE target. pic.twitter.com/88Uym5lKaG— Mike Zaccardi, CFA, CMT ? (@MikeZaccardi) May 13, 2025Market Uncertainty Subsides After Tariff ShockeToro had previously postponed its IPO after U.S. President Donald Trump’s tariff announcements on April 2 sent markets into a tailspin. The firm was one of several waiting for calmer conditions before reviving public listing efforts. Now, with volatility cooling, eToro appears poised to re-enter the market on more favorable terms.While Robinhood Markets Inc. continues to trade at a lofty forward price-to-sales ratio exceeding 10, eToro is being valued more conservatively, between four and five times its first-quarter annualized sales, according to Bloomberg Intelligence.You may also like: eToro IPO 10x Oversubscribed as Crypto Rebound Attracts Investors: ReportThat valuation is based on the current price range, which could rise if final pricing exceeds the original targets. The IPO will see shares listed on the Nasdaq Global Select Market under the ticker ETOR.A Second Attempt at Going PublicFounded in 2007, eToro provides a platform for users to trade assets ranging from stocks to cryptocurrencies, often with a social twist, users can follow or replicate the strategies of top investors. The company had previously sought to go public via a SPAC merger at a $10.4 billion valuation but ultimately abandoned that route.Goldman Sachs, Jefferies, UBS, and Citigroup are underwriting the deal. While pricing will be finalized shortly, the current trajectory signals strong interest from institutional investors and a potential return of appetite for fintech IPOs that had paused during recent macroeconomic uncertainty.Initially, eToro aimed to price its shares between $46 and $50. However, growing investor appetite could lift the final IPO price, potentially pushing the company’s valuation to between $4.4 billion and $4.8 billion, Israeli media publication Globes reported. That would exceed earlier estimates of $3.7 billion to $4.1 billion, shared just last week. This article was written by Jared Kirui at www.financemagnates.com.

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eToro IPO 10x Oversubscribed as Crypto Rebound Attracts Investors: Report

Investor interest for eToro’s long-awaited IPO has surged beyond expectations, reportedly prompting the fintech firm to shut its order books earlier than planned. According to Calcalist, the offering, led by Goldman Sachs and Jefferies, is reportedly more than ten times oversubscribed. Backed by high demand and renewed interest for crypto platforms, eToro is now expected to raise over $500 million at a valuation exceeding $4 billion.Citing sources familiar with the matter, the underwriters have informed roadshow participants that no further orders will be accepted beyond Monday. The high investor interest may now be expected to prompt a boost in the IPO pricing, adding further upside to the company’s capital raise.Missed Window, Now Seizing the MomenteToro initially aimed to go public in 2021 but shelved those plans amid regulatory uncertainty surrounding digital assets. That landscape shifted in 2024, as Donald Trump’s return to the White House caused renewed hope in the crypto and fintech sectors. With regulatory sentiment easing and market confidence returning, eToro seized the window it once missed.Founded in Israel, eToro operates a trading platform for stocks, ETFs, and cryptocurrencies. The company’s recent financial results reflect a major turnaround, largely driven by a rebound in crypto trading volumes."The principal purposes of this offering are to increase our capitalisation and financial flexibility, and to create a public market," the company recently stated. "We intend to use the net proceeds from this offering for general corporate purposes, including working capital, operating expenses, and capital spending."Strong Financial PerformanceAfter reporting a net loss of $21 million in 2022, the company swung to a $192 million profit in 2024. Earnings per share followed suit, rising from a loss of $11.45 in 2022 to $0.80 in 2023, and then to $9.85 in 2024.The trading boom in digital assets played a key role in eToro’s financial rebound. Revenue jumped from $639 million in 2023 to $931 million in 2024, while EBITDA nearly tripled from $117 million to $304 million over the same period.You may also like: eToro Uses AI-Powered Ads with Google’s Veo 2 as It Prepares $4B IPO OfferingWhile eToro’s numbers look strong, the company is forecasting a lower income income due to growing marketing expenses. As reported by financemagnates, the company foresee a lower Q1 net income of between $56 million and $60 million compared to the same quarter last year, when it earned $64 million.According to the Israeli fintech giant, the expected drop in net income is due to higher marketing investment, which was partly offset by a fall in share-based payment expenses. The firm also expects lower adjusted EBITDA. In the first quarter of last year, the company posted $87 million for the first three months of 2024. However, from January to March 2025, this figure is expected to drop between $76 million and $80 million. This article was written by Jared Kirui at www.financemagnates.com.

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eToro Uses AI-Powered Ads with Google’s Veo 2 as It Prepares $4B IPO Offering

eToro has partnered with Google to launch a new advertising campaign using generative AI. The ads were produced entirely with Veo 2, a video generation tool developed by Google DeepMind. This marks one of the first known uses of the tool in a full-scale marketing campaign.Meanwhile, eToro is preparing an initial public offering that could value the company between $3.7 billion and $4 billion. The offering will include up to $500 million in shares, with half of the proceeds going to the company. The rest will come from existing shareholders, mainly close associates and family members of the founders.eToro Partners Google for AI Ads“Veo 2 proved to be the perfect fit for eToro’s brand strategy, offering a next-level solution to produce compelling localized videos, providing realistic motion and high-quality output at a remarkable speed,” Yannay Politi, VP of Brand Marketing at eToro, said.Veo 2 can generate high-quality video from written and visual prompts. It simulates realistic motion and facial expressions. The eToro campaign is also the first time Google Israel has used Veo 2 in an advertising project.The campaign includes two 30-second ads. László Gaál, a specialist in AI-generated video, led the creative direction. He worked with eToro’s in-house team to develop the concept and production.“Partnering with a pioneer like Google and collaborating with leading AI creators has allowed us to move beyond traditional advertising and explore what’s possible at the intersection of technology and creativity. This is more than a media campaign; it’s a statement about the future of marketing,” Politi added. You may find it interesting at FinanceMagnates.com: eToro Bets on Growth Ahead of IPO: Q1 Income Slips, but Reach Expands.Italian Ads Highlight Short-Term AspirationsThe ads target the Italian market and were developed in partnership with the agency Marketing Arena. According to research from ACRI, many Italians under 44 save for short-term goals like travel or buying durable goods. Only a small percentage focus on building long-term wealth.The campaign’s visuals reflect these findings. One ad shows a couple driving through Tuscany. Another depicts a wedding scene. Both are meant to represent common short-term aspirations.The ads are currently airing on YouTube, television, connected TV, and outdoor displays across Italy. eToro plans to roll out similar campaigns in other regions. This article was written by Tareq Sikder at www.financemagnates.com.

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eToro Bets on Growth Ahead of IPO: Q1 Income Slips, but Reach Expands

After a strong 2024—where it posted $931 million in total commissions and $192 million in net profit—IPO-bound eToro now forecasts a lower Q1 net income between $56 million and $60 million compared to the same quarter last year, when it earned $64 million.Spending on Growth Hits IncomeThe Israeli trading platform explained that the expected drop in net income was due to higher investment in marketing and growth. This was partly offset by a fall in share-based payment expenses.Adjusted EBITDA is also expected to be lower. eToro reported $87 million for the first three months of 2024, but for January to March 2025, it expects this figure to fall between $76 million and $80 million.“The expected decrease is driven by increased investment in growth in response to favourable market conditions, aiming to benefit from heightened interest and accelerate customer acquisition,” eToro noted in its latest IPO filing.Read more: eToro’s 2024 Profits Soared 13x, with Crypto Contributing 38% of Commission IncomeAlthough the company did not detail how much it spent in Q1, its marketing expenses in 2024 was at $147 million, 27 per cent higher from the previous year. However, it spent $234 million in marketing in 2022.Despite the lower Q1 income expectations, the growth push seems to be paying off. The number of funded accounts rose to 3.58 million at the end of March 2025, up from 3.13 million at the end of 2024. Net contribution also improved to between $214 million and $217 million, compared to $201 million a year earlier.eToro to “Explore Adding New Countries”eToro plans to go public soon with a valuation between $3.7 billion and $4 billion. The firm is looking to raise $500 million, with half of that going to existing shareholders. After deducting costs and commissions related to the IPO, eToro expects to retain $217.7 million—possibly up to $285.6 million if underwriters fully exercise their options.“The principal purposes of this offering are to increase our capitalisation and financial flexibility, and to create a public market,” the company stated. “We intend to use the net proceeds from this offering for general corporate purposes, including working capital, operating expenses and capital spending.”eToro also said it plans to use some of the IPO proceeds for acquisitions or other investments.You may also like: eToro’s $4B IPO - Too Pricey for Europe, a Bargain in the US?Currently, 70 per cent of eToro’s funded accounts are from Europe and the UK, followed by 16 per cent from the Asia-Pacific region, 10 per cent from the Americas, and the rest from the Middle East and Africa.Although Europe and the UK remain its key markets, eToro is actively expanding into other regions. It expects to grow its user base both in existing and new markets. The company also highlighted that acquisitions could help tailor its services to local needs and reduce the time it takes to launch in new markets.“We expect to continue to increase eToro’s expansive global footprint by entering new markets using our well-established playbook for both organic and inorganic international expansion,” the IPO prospects added. “We also see opportunities in underpenetrated markets around the world and will continue to explore adding new countries to our footprint.” This article was written by Arnab Shome at www.financemagnates.com.

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Robinhood Plans to Bridge Atlantic Gap with Securities Tokenization

Robinhood (NASDAQ: HOOD) is working on a blockchain-based platform that would allow retail investors in Europe to trade US securities, according to people familiar with the matter. The initiative would expand the company's European presence beyond its current cryptocurrency offerings in the region.Robinhood Developing Blockchain Platform for European Trading of US SecuritiesThe platform is expected to launch through a partnership with a digital asset firm, with both Arbitrum and Solana blockchains under consideration, though no final agreement has been reached. Neither Robinhood nor the potential blockchain partners have officially commented on the development, first reported by Bloomberg.⚡️ JUST IN: ???? Robinhood to develop a blockchain platform for European investors to trade U.S. securities, exploring partnerships with Arbitrum and Solana pic.twitter.com/02nTiv8lU0— Mayank Dudeja (@imcryptofreak) May 8, 2025This move aligns with growing interest in tokenized securities across the financial industry. By representing traditional financial instruments on blockchain technology, companies can potentially reduce costs associated with traditional trading infrastructure while increasing transparency and standardization.“Tokenized securities can really push forward US company dominance in the global market,” Robinhood CEO Vlad Tenev said in a March podcast. “Right now, it's very difficult to invest in a US company if you're overseas.”Robinhood has been strategically positioning itself for European expansion, securing a brokerage license in Lithuania last month that allows it to offer investment services throughout the European Union. The company also signed a deal to acquire crypto exchange Bitstamp in June 2024.You may also like: Still Investing or Already Binary Options Gambling? Event Contracts Are Set to Become a “Trillion Dollar Asset Class”$5 Billion in Tokenized RWAs and $20 Billion in BlockchainThere’s serious money at stake. The real-world asset (RWA) tokenization market has already attracted $5 billion in investments, with forecasts projecting an average annual growth rate of 25%.The initiative comes as major financial institutions increasingly explore blockchain applications. A Global Financial Markets Association report suggests distributed ledger technology could unlock approximately $20 billion annually in global clearing and settlement costs. Financial giants including BlackRock, Franklin Templeton, and Apollo have already launched tokenized funds, with BlackRock's USD Institutional Digital Liquidity Fund attracting over $2 billion since its launch last year.Robinhood shares rose 2.7% following reports of the blockchain initiative, despite the company reporting an almost 9% revenue decline in the first quarter of 2025. This article was written by Damian Chmiel at www.financemagnates.com.

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Blackbird Boards the Airwallex Rocket with a $60M Agreement

Blackbird, Australia’s VC juggernaut joins the Airwallex party with a reported $60M investment as the fintech sits at $6 billion-plus valuation.Blackbird SwoopsBlackbird Ventures has finally swiped right on the $6 billion-plus fintech. The VC firm is reportedly investing a hefty $60 million, marking one of its biggest single cheques ever..@blackbirdvc has added another unicorn to its portfolio, but unlike Canva, has come late to the party with plans to tip $60 million into fintech @airwallex.https://t.co/flkTlPJRcU— STARTUP DAILY (@StartupDailyANZ) May 6, 2025The news, reported by Startup Daily and AFR, sees Blackbird join a list of other serious players when it comes to supporting the innovative startup.A Long Time ComingBlackbird’s late-stage love-in follows a $100 million Series E extension round in late 2023 that valued Airwallex at $5.6 billion. Thanks to forex fun and cross-border payments booming, Airwallex is soaring in value, as per BloombergSources close to the matter told Startup Daily that the check has been signed, sealed, and quietly delivered—well after the party started.The Next Step for Airwallex?This deal could signal the next phase in Airwallex’s global playbook. With backing from Square Peg, Salesforce Ventures, Tencent, and now Blackbird, to name but a few the company has enough firepower to make serious moves in the U.S. and Europe, where fintechs are currently either merging, folding, or plotting IPOs.Meanwhile, Blackbird gets to tell its LPs that it bagged a unicorn.For more stories around fintech, visit our dedicated section. This article was written by Louis Parks at www.financemagnates.com.

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The Big Winners of eToro IPO: Who’s Set to Gain the Most?

eToro is preparing to go public at a valuation between $3.7 billion and $4 billion. Up to $500 million worth of shares will be offered, with the company itself receiving half of that amount (before costs and fees). The remaining shares will be sold by existing shareholders—mostly close friends and family of the founders.So, who will gain the most from the listing? Who will walk away with the biggest payout?According to a recent F-1 filing, eToro plans to offer 10 million Class A shares at a price range of $46 to $50. Half of these shares (5 million) will be newly issued by the company, while the other half will come from existing shareholders.Read more: eToro’s $4B IPO: Too Pricey for Europe, a Bargain in the US?The Assia Family’s Share SaleYoni Assia, the eToro CEO, is set to be the biggest individual earner from the IPO. He’s offering 549,635 Class A shares, expected to bring in between $25.3 million and $27.5 million, depending on the final pricing. After the sale, he will still hold between $325.3 million and $353.5 million worth of Class A and Class B shares together.eToro was founded in 2007 by brothers Yoni and Ronen Assia, along with David Ring. Yoni is now the CEO, Ronen serves as Executive Director, and Ring, who was the Chief Technology Officer in the company’s early years, left in 2015.Ronen Assia will be the second largest individual beneficiary, expecting between $11.7 million and $12.7 million from his sale. He’ll continue to hold shares worth around $119.4 million. David Ring will also sell shares valued between $7.7 million and $8.3 million, keeping a remaining stake worth about $12.3 million.In a previous secondary sale in August 2023, Yoni Assia earned around $10.9 million from selling part of his stake, while Ronen made over $12 million.Other members of the Assia family will also gain from the IPO. David Assia, the brothers’ father and eToro’s former Chairman, will sell shares worth up to $3.2 million, reducing his stake to about $47.6 million. iAngels, a venture capital platform co-founded by Yoni’s wife Mor Assia and her partner Shelly Hod Moyal, will sell shares worth around $2.4 million and retain holdings valued at $34.5 million.eToro board members Eddy Shalev and Avner Stepak will sell shares worth $6.1 million and $425,900, respectively. Another executive, Tuval Chomu, who became Chief Solutions Officer in 2019, will also sell shares worth up to $853,000.Other eToro employees are expected to sell shares totalling $26.4 million. They will still hold shares worth about $13.4 million after the IPO.You may also like: eToro’s 2024 Profits Soared 13x, with Crypto Contributing 38% of Commission IncomeAn Israeli Minister Among the BeneficiariesIsrael’s current Minister of Economy and Industry, Nir Barkat, will also benefit from the listing. The BRM Group, owned by Nir and his brother Eli Barkat, along with partner Yuval Rechavi, holds a 9% stake in eToro. The group plans to sell shares worth nearly $21 million but will retain a stake valued at more than $308 million after the sale.Other major shareholders also plan to sell. Spark Capital, a US venture capital firm and the largest eToro shareholder, will offload around $33.5 million in shares, reducing its stake in eToro to 13.9%. US investment firm Andalusian SPV will sell shares worth about $30.9 million, keeping 8.4%. CM Equities SP will sell roughly $15.3 million in shares, leaving it with a 6.3% stake.The law firm Hanina Brands will cash out about $4.3 million worth of shares, and still hold a remaining stake valued at around $40.6 million. This article was written by Arnab Shome at www.financemagnates.com.

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FINOM Tops $200 Million in Funding With New General Catalyst Deal

The Dutch banking provider Finom has secured $105 million (€92 million) in growth funding from General Catalyst's Customer Value Fund, the company announced today (Wednesday). The investment will support FINOM's customer acquisition strategy across Europe without diluting existing shareholders.FINOM Raises $105 Million to Fuel European ExpansionThis funding comes more then a year after FINOM's $54 million (€48 million) Series B round in February 2024, which was co-led by General Catalyst and Northzone. The Amsterdam-based fintech has now raised approximately $200 million since its 2020 launch.Unlike conventional growth equity, General Catalyst's Customer Value Fund takes on downside risk, allowing FINOM to finance customer acquisition efforts while preserving equity and autonomy."Having General Catalyst as our partner is a huge win for FINOM," said Kos Stiskin, FINOM's Chairman and Co-Founder. "They understand our business deeply and are funding growth in a way that preserves our equity. With their support, we can aggressively expand across Europe."100K Clients and Higher RevenueGeneral Catalyst has been involved with FINOM since its founding. "With strong growth, impressive customer retention, and support from the CVF round, we believe FINOM is well-positioned to push ahead with ambitious expansion plans across Europe," said Zeynep Yavuz, Partner at General Catalyst.The fintech platform currently serves over 100,000 small and medium-sized businesses across Germany, France, Spain, the Netherlands, and Italy. FINOM has introduced local IBAN accounts in several key European markets and reports positive unit economics across all territories.Despite challenging macroeconomic conditions, FINOM doubled its revenue in 2024 and projects similar growth for 2025. The company plans to use the new funding to enter additional EU markets and enhance localization efforts, with a goal of achieving full Eurozone coverage by the end of the year.FINOM's platform offers European SMEs and entrepreneurs digital banking, payments, invoicing, and expense tracking solutions through a streamlined interface. The company operates under an Electronic Money Institution license valid throughout Europe.Fintech Investment Slumps to Seven-Year LowWhile FINOM managed to secure additional capital for another consecutive year, broader fintech investment trends paint a less optimistic picture. Global fintech funding dropped to $95.6 billion across 4,639 deals in 2024—its lowest level since 2017, according to KPMG’s Pulse of Fintech report. The decline reflects continued investor caution amid global economic uncertainty and geopolitical tensions.Investment levels steadily decreased over the year, falling from $51.7 billion in the first half to $43.9 billion in the second. However, the fourth quarter brought a modest recovery, with funding rising to $25.9 billion from $18 billion in the previous quarter, hinting at a potential shift toward market stabilization.Regionally, the Americas led global fintech activity, accounting for $63.8 billion across 2,267 deals. The United States was responsible for $50.7 billion of that total. Europe, the Middle East and Africa (EMEA) followed with $20.3 billion over 1,465 transactions, while Asia-Pacific (APAC) posted $11.4 billion across 896 deals. This article was written by Damian Chmiel at www.financemagnates.com.

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Webull Adds Visa Direct for Instant Transfers; Expands into Binary Event Contracts

Webull (Nasdaq: BULL), an online investment platform, has announced a partnership with Visa to integrate Visa Direct into its US operations. The integration applies to the Webull US platform.Meanwhile, Webull is expanding its offering to include binary event contracts through a partnership with Kalshi, a CFTC-regulated prediction market exchange. The move comes as regulators examine similar products offered by other firms, including Robinhood.Webull Adds Real-Time Transfer Option"We are proud to work with Visa and its expansive network to enhance opportunities within financial markets,” said Anthony Denier, Group President and US CEO of Webull. Visa Direct is a real-time payment service that supports the transfer of money to eligible cards, bank accounts, and digital wallets. It is now available to Webull users in the United States.The feature enables faster transfers between Webull brokerage accounts and external bank accounts. Webull said Visa Direct allows near-instant movement of funds, while traditional methods like Automated Clearing House (ACH) may take several days.“There are several exciting uses for this new capability, which will allow us to integrate technology into traditional financial services in ways that better serve Webull's customers," Denier added. $BULL Webull Announces Collaboration with Visahttps://t.co/46wcN3bLLM— Lycanbull (@Lycanbull) May 6, 2025As part of the rollout, Webull has introduced a “Deposit” feature. The company said it offers quicker access to funds and may reduce delays in starting trades. Webull and Visa did not disclose the terms of the agreement.You may find it interesting at FinanceMagnates.com: SEC Fines Webull, Two Broker-Dealers for Compliance Failures.Webull Partners with Coinbase for Crypto FuturesWebull has partnered with Coinbase Derivatives to offer crypto futures to retail investors in the United States. The offering includes futures contracts for Bitcoin (BTI), nano Bitcoin (BIT), Ethereum (ETI), and nano Ether (ET), which are expected to be available soon on the Webull platform.The partnership introduces smaller-sized contracts that require lower margin, making it easier for retail traders to access crypto futures. Coinbase Derivatives will provide 23/6 trading access and real-time market data as part of the service. This article was written by Tareq Sikder at www.financemagnates.com.

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eToro’s $4B IPO: Too Pricey for Europe, a Bargain in the US?

After months of speculation, eToro has finally kicked off its public listing roadshow. The Israeli trading platform is targeting a valuation between $3.7 billion and $4 billion in its upcoming initial public offering (IPO). While that’s far below the $10.4 billion valuation it hoped for in its failed 2022 SPAC deal, it’s still above the $3.5 billion figure from its most recent funding round.But is eToro’s current valuation high or low? And which listed brokers offer the fairest comparison?US Valuation for a European BusinessAccording to the updated F-1 filing yesterday (Monday), eToro plans to offer 10 million Class A shares at a price between $46 and $50. That puts the size of the IPO between $460 million and $500 million.In 2024, the broker reported a net profit of $192 million. Based on the expected valuation, its price-to-earnings (P/E) ratio would range from 19.2 to 20.8.Read more: eToro’s 2024 Profits Soared 13x, with Crypto Contributing 38% of Commission IncomeThat puts it in close range with US-based Robinhood, which trades at a P/E ratio above 27.5. On paper, this makes eToro’s offer seem more affordable. However, Robinhood currently has a market cap of $42.4 billion—ten times more than what eToro is targeting.Both brokers also have a strong crypto connection. At eToro, 38 per cent of trading income came from cryptocurrencies. Robinhood also leaned heavily on crypto in recent quarters. But the American broker is now planning to reduce its reliance on digital assets as trading volumes fluctuate.How It Stacks Up Against European BrokerseToro now positions itself as a multi-asset platform and a fintech. But for years, its main focus was contracts for differences (CFDs). When compared to CFDs-heavy European peers, eToro’s valuation starts to look expensive.IG Group, listed in London, has a market cap of £3.8 billion ($5.6 billion) and trades at a P/E ratio of 11.22. Plus500, another London-listed Israeli broker, is valued at £2.3 billion ($3.06 billion) with a P/E ratio of 12.2. CMC Markets trails behind with a £712 million ($950 million) market cap and a P/E ratio of 8.39.Even Poland-listed XTB, which offers more than just CFDs, trades at a P/E of 13.26 and is worth PLN 9.9 billion ($2.6 billion).Despite this, eToro seems to see itself as more of a US-style trading platform, similar to Robinhood, than a European one. But the numbers tell a different story: 70 per cent of eToro’s 3.58 million funded accounts are from Europe and the UK. The Americas account for just 10 per cent. In comparison, Robinhood has 25.8 million funded users, mostly based in the United States.eToro is expanding: eToro Plans to Launch Options Trading Outside the US in 2025How Much Will eToro Raise—and Who Benefits?Only half of the IPO shares will be newly issued. The rest will come from existing shareholders. This means eToro will raise around $230 million to $250 million in fresh capital. After deducting costs and commissions, the net amount will be about $217.7 million—or up to $285.6 million if underwriters fully exercise their stock options.“The principal purposes of this offering are to increase our capitalisation and financial flexibility and to create a public market,” eToro stated. “We intend to use the net proceeds from this offering for general corporate purposes, including working capital, operating expenses and capital expenditures.”Interestingly, the broker also plans to use some of the IPO proceeds to “make acquisitions or investments”.As for existing shareholders, eToro CEO Yoni Assia stands to make up to about $27.5 million by selling part of his stake in the public offering, while his brother, Ronen Assia, intends to make up to $12.75 million.Other large shareholders—including Spark Capital, BRM Group (the Barkat family office), Andalusian, and CM Equities—are also expected to cash out tens of millions of dollars each. This article was written by Arnab Shome at www.financemagnates.com.

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eToro Confirms US IPO, Aims to Raise $500 Million at $4B Valuation

eToro Group Ltd said today (Monday) it is targeting a valuation of up to $4 billion in its initial public offering in the United States, as the platform finally moves ahead with its New York flotation plans. eToro has started the roadshow for its planned initial public offering. The company aims to list 10 million Class A common shares. Half of these shares will be offered by eToro. The other half will be sold by existing shareholders. eToro Offers 10 Million Shares IPOThe IPO price is expected to be between $46 and $50 per share, with eToro aiming to raise up to $500 million. eToro has applied to list its shares on the Nasdaq Global Select Market. The proposed ticker symbol is “ETOR.”The company plans to give underwriters a 30-day option to purchase up to 1.5 million additional shares. This would be to cover any over-allotments.Goldman Sachs, Jefferies, UBS Investment Bank, and Citigroup are leading the offering. Other banks involved include Deutsche Bank, Bank of America, and TD Securities. A number of co-managers are also listed.Funds and accounts managed by BlackRock (BLK.N) have expressed interest in purchasing up to $100 million worth of shares in the offering, according to a Reuters report.eToro Group Ltd ("eToro") today announced that it has launched the roadshow for its initial public offering (“IPO”) of 10,000,000 Class A common shares, 5,000,000 shares of which are being offered by eToro and 5,000,000 shares of which are being offered by certain existing… pic.twitter.com/kK5XB5Szqm— Marius Ghisea (@mariusghisea) May 5, 2025eToro IPO Pending SEC ApprovalThe offering will only be made through a prospectus. A registration statement has been filed with the U.S. Securities and Exchange Commission. However, it has not yet been declared effective.No shares may be sold before the registration becomes effective. The announcement is not an offer to sell or a request to buy the shares in any region where it would be unlawful. The IPO depends on market conditions and regulatory approval.'We definitely are eyeing the public markets': eToro CEO considers IPO after scrapped SPAC deal https://t.co/c5UFrZQpLQ— CNBC (@CNBC) February 26, 2024IPO Revisited Following Cancelled SPAC DealIn late March, eToro publicly filed a registration statement with the U.S. Securities and Exchange Commission, following an earlier confidential submission. The filing marked a formal step toward its IPO plans.This was not eToro’s first attempt to go public. A planned $10.4 billion SPAC merger in 2021 was later cancelled due to market conditions. In 2023, the company raised $250 million at a $3.5 billion valuation. Toward the end of last year, it also gained regulatory approval to offer services in New York.The offering remains subject to market conditions and regulatory approval. No shares may be sold until the registration becomes effective. This article was written by Tareq Sikder at www.financemagnates.com.

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lemon.markets Expands Brokerage-as-a-Service Platform to Support Equity Compensation

Berlin-based fintech lemon.markets has teamed up with Optio Incentives to simplify how companies handle employee stock programs in Germany. This partnership aims to help big German companies, including one listed on the major stock index DAX, manage their employee stock compensation more efficiently.German Fintech Makes Employee Stock Programs Easier to ManageThe collaboration integrates lemon.markets' digital brokerage and custody infrastructure with Optio Incentives' compensation management platform. lemon.markets provides the behind-the-scenes technology that handles stock trading and storage, while Optio Incentives offers software that helps companies manage their employee stock programs.As a BaFin-licensed investment firm, lemon.markets provides the technical backbone that enables efficient and tax-compliant handling of shares through a single API, supporting the entire investment value chain for Optio Incentives."By combining Optio Incentives' expertise in equity compensation with lemon.markets' modern brokerage and custody infrastructure, we are providing an improved experience for our German customers," said Christoffer Herheim, CEO at Optio Incentives.Brokerage-as-a-ServiceThe Berlin-based fintech has expanded its brokerage-as-a-service platform to include stocks, having previously established collaborations with financial institutions including BNP Paribas and Deutsche Bank."This partnership highlights how lemon.markets can enable a wide range of software-driven investment use cases. Supporting a German DAX-listed company underlines the operational, technical, and regulatory strength of our platform," said Max Linden, Founder and CEO of lemon.markets.Founded in 2020, lemon.markets has secured over €28 million in funding from investors including CommerzVentures, Creandum, Lakestar, Lightspeed, and System.one. The company aims to open 100 million brokerage accounts within the next decade.Optio Incentives currently serves more than 500 clients across 15 stock exchanges, helping companies launch and manage global share plans while providing employees with tools to understand their equity compensation. This article was written by Damian Chmiel at www.financemagnates.com.

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Will eToro Go Public This Week? Robinhood Rival Advances $3.5 Billion Valuation US IPO

Online trading platform eToro is planning to launch its U.S. initial public offering as early as this week, after previously postponing its listing amid market volatility triggered by Trump’s tariff announcements, according to people familiar with the matter.eToro Considers US IPO Launch This Week Following Tariff-Related DelayThe Israel-based investment platform, which allows users to trade stocks and cryptocurrencies while following top investors, had filed paperwork with the Securities and Exchange Commission (SEC) in late March but paused its plans in early April when President Trump's tariff announcements sent markets into temporary turmoil.In April, the company announced it was "evaluating market conditions" and suspended its IPO roadshows. However, Bloomberg now reports that the company may go public on Wall Street as early as the beginning of May.If EToro Group Ltd. proceeds with the listing, it would be among the first companies to resume IPO plans after the market disruption caused by the April 2 tariff announcements, which briefly spiked the VIX volatility index and halted numerous deals.Net Income of $192MThe company reported significant financial growth in its SEC filing, with total commission revenue reaching $931 million in 2024 and net income of $192 million, substantially higher than the $639 million in commissions and $15.3 million in net income recorded the previous year. When the company first filed for the Nasdaq listing in January, it was valued at $5 billion.“After several weeks of escalating rhetoric and tariff threats, both the U.S. and China recently indicated their willingness to resume working-level negotiations,” commented Linh Tran, Market Analyst at XS.com. “The U.S. expressed an interest in reopening dialogue to avoid further escalation, while Beijing signaled it was ready to engage in "constructive" discussions. These conciliatory tones helped ease investor concerns and provided a tailwind for risk assets like equities.eToro vs. RobinhoodeToro’s potential IPO comes as competitor Robinhood Markets Inc. has seen its shares climb more than 15% over the past month, potentially signaling favorable market conditions for trading platforms.Recently, eToro joined Robinhood in the stock lending space, offering a new service to investors in Europe. The fintech is launching a program that allows users in the UK and across Europe to earn extra income by lending out their shares.Earlier this year, both companies also introduced the $TRUMP token—a meme cryptocurrency positioned as the official digital asset of the current president.Second Time’s a Charm?This marks eToro’s second attempt at going public. The company previously tried to enter public markets through a SPAC merger that valued it at $10.4 billion, but that deal fell through. More recently, eToro completed a funding round in 2023 that valued the company at $3.5 billion, with backing from investors including ION Group and SoftBank Vision Fund 2.According to the company's filing, major shareholders with over 5% ownership include affiliates of Spark Capital, Andalusian Private Capital, CM Equities SP, and BRM.Goldman Sachs, Jefferies Financial Group, UBS Group, and Citigroup are leading the offering. If the IPO proceeds, EToro shares would trade on the Nasdaq Global Select Market under the ticker symbol "ETOR."The sources cautioned that no final decisions have been made and EToro could still delay its offering depending on market conditions. A representative for EToro declined to comment on the potential IPO timeline. This article was written by Damian Chmiel at www.financemagnates.com.

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Revolut Dials Up Disruption: Fintech Unicorn Expands in Telecom Arena

From banking app to mobile operator, Revolut’s latest move into telecoms aims to shake up the industry with eSIM-powered plans and no-nonsense pricing starting in the UK and Germany. From Fintech to Telco: Revolut's Bold LeapAs reported by the FT, Revolut, the fintech powerhouse, is venturing beyond banking into the telecom sector. Starting in the UK and Germany, the company plans to offer mobile services that include unlimited domestic calls and data, along with 20GB to 40GB of roaming data across the EU and the US, all without the burden of long-term contracts.The move makes Revolut the second new entrant to the UK mobile space this week, with Octopus Group exploring a similar launch, according to reports.@RevolutApp and Octopus are about to Disrupt UK ?? Telecom.Here is how they do it:What Revolut and Octopus are launching is called a Mobile Virtual Network Operator, or MVNO.An MVNO is a mobile provider without its own physical network (no cell towers, antennas, etc.).… pic.twitter.com/BN3EzH1XLF— Marcel van Oost (@oost_marcel) May 4, 2025This move positions Revolut as a Mobile Virtual Network Operator (MVNO), allowing it to provide mobile services without owning the underlying infrastructure. Instead, it will lease capacity from established network operators, a strategy that has become increasingly popular among brands seeking to offer mobile services without the hefty investment in infrastructure.Hadi Nasrallah, General Manager, Telco and Retail Director at Revolut said in a press release: “The massive success of our eSIM product launched has proven mobile offerings are ripe for disruption. In our view, consumers are suffering with traditional network offerings due to a lack of transparency with hidden fees, painful customer experience and old, difficult to navigate UX. We’re looking to solve all three, providing Revolut customers with a tech-led experience, the best value and no fixed contract commitments. It’s yet another step for Revolut into the consumer telecommunications arena where innovation is desperately overdue and we look forward to bringing this update to consumers in more markets soon.”eSIM: The Digital SIM RevolutionRevolut's foray into telecom isn't entirely new. In 2024, the company introduced an eSIM service, enabling users to access mobile data in over 100 countries without the need for physical SIM cards. This service quickly became one of Revolut's most-used non-banking features, highlighting a significant demand for integrated, hassle-free mobile connectivity.Big news: Revolut is entering the mobile market soon. Unlimited calls, texts, and data at home. All with no fixed contract.? Keep your number, or get a new one from us? Superfast 5G? Roaming included? eSIM makes setup easy? All for just £/€12.50 a monthCustomers in… pic.twitter.com/YfSVCWaLQg— Revolut (@RevolutApp) April 30, 2025The eSIM technology allows users to switch between networks seamlessly, manage their data plans directly through the Revolut app, and avoid exorbitant roaming charges—a common pain point for international travelers. The Financial Times points out that Revolut isn’t blazing this trail alone—Brazil’s Nubank already rolled out its own mobile service, “Nucel,” last year. And Monzo? Well, the British neobank hasn’t shut the door on doing the same.Disrupting the Telecom Status QuoRevolut's entry into the telecom space is more than just an expansion; it's a direct challenge to traditional mobile operators. By offering transparent pricing, flexible plans, and integrating mobile services into its existing app, Revolut aims to address common consumer frustrations such as hidden fees and complex contracts.The move also reflects a broader trend of fintech companies leveraging their digital platforms to offer a wider range of services. By bundling banking and mobile services, Revolut is positioning itself as a one-stop-shop for consumers' financial and connectivity needs.What's Next for Revolut?While the initial rollout is focused on the UK and Germany, Revolut has expressed intentions to expand its mobile services to other markets in the future. The success of this venture could pave the way for further integration of telecom services into fintech platforms, potentially reshaping the landscape of both industries.As consumers increasingly seek convenience and value, Revolut's innovative approach to combining financial services with mobile connectivity could set a new standard for what users expect from their service providers.For more stories of fintech and innovation, visit our dedicated pages. This article was written by Louis Parks at www.financemagnates.com.

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Kraken Launches Crypto-as-a-Service Tool; Adds Forex Perpetual Futures

Kraken has introduced Kraken Embed, a new Crypto-as-a-Service (CaaS) product. It is designed for neobanks, fintech companies, and traditional banks. The service allows institutions to offer cryptocurrency trading to their customers.Earlier this month, Kraken expanded beyond crypto by launching FX perpetual futures for EUR/USD and GBP/USD. Available on Kraken Pro, the new instruments allow 24/7 trading of major currency pairs for the first time on the platform. Unlike traditional FX products, these contracts do not expire and trade continuously. New Service Enables Fast Crypto Market Entry“Our Crypto-as-a-Service solution enables a wide range of financial institutions to efficiently meet growing client demand without the complexity and overhead of running their own marketplace,” said Brett McLain, Head of Payments and Blockchain at Kraken.Kraken Embed reduces the need for extensive operational and technical development. It enables institutions to provide crypto services within weeks. Kraken says the solution uses its existing liquidity, technical infrastructure, and regulatory experience.You may find it interesting at FinanceMagnates.com: Kraken's $1 Billion Debt Plan: Will It Cement Its 2026 IPO Efforts?Cool! My bank is offering crypto now straight in the app. @bunq using @krakenfx in the back. Bought 0.75 SOL and it works like a charm!Curious to see what will happen to many of the trading platforms, if crypto can just be traded in people's banking apps. pic.twitter.com/1GD3zWaQNh— Niels | Nelis.sol (@Nelis_sol) April 30, 2025First Kraken Embed Integration with bunqThe first public integration of Kraken Embed is with bunq, a European neobank. Kraken plans to announce more partnerships soon.Founded in 2011, Kraken supports trading in over 370 digital assets. It is considered one of the most liquid crypto exchanges in the market. With Kraken Embed, the company aims to help financial institutions meet growing customer demand for crypto products.The launch comes as global adoption of crypto is rising. In Europe, regulations such as MiCA are providing clearer rules for the market. According to Kraken, its infrastructure is positioned to support institutions in this environment. This article was written by Tareq Sikder at www.financemagnates.com.

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How Revolut Added 15 Million Users in Just One Year (While Doubling Profits)

Digital banking giant Revolut reported a 149% jump in profit before tax to $1.4 billion (£1.1 billion) for 2024, marking its fourth consecutive year of profitability as the company continues its aggressive global expansion.Revolut Posts $1.4 Billion Profit as Customer Base Surges 38%The London-based fintech saw its customer base grow by 38% to 52.5 million users worldwide, while total customer balances increased 66% to $38 billion (£30 billion). Group revenue surged 72% to $4 billion (£3.1 billion) compared to $2.2 billion in 2023, with net profit reaching $1 billion (£790 million)."This performance earned us the status of Europe's most valuable private technology company," said Nik Storonsky, CEO of Revolut. "We're making strong progress towards 100 million daily active customers across 100 countries."You may also like: Will Revolut Target Its 5 Million-User Market in France With CFDs Next?Crypto LeadsThe company's Wealth division saw the most significant increase, with revenue jumping 298% to $647 million (£506 million), largely driven by increased crypto trading and the launch of Revolut's crypto exchange.Card payments revenue grew 43% year-over-year to $887 million, while foreign exchange revenue increased 58% to $540 million. The company's subscription business generated $541 million, up 74% from 2023.Key Financial Performance MetricsInterest income rose 58% to $1 billion as Revolut effectively managed its growing deposit base and expanded lending activities. The customer lending portfolio grew 86% to $1.2 billion, though this remains relatively small compared to traditional banks.Notably, the company's net profit margin improved to 26%, up from 19% in 2023, demonstrating the scalability of Revolut's business model.New Products, New RegionsRevolut continued to enhance its product offerings in 2024, expanding its Savings and Money Market Fund availability to over 30 countries, which attracted $12.3 billion in deposits. The company also launched bonds and European investment plans while securing a UK investment license.The Revolut Business segment showed strong momentum, with monthly active businesses increasing 56% year-over-year. Business customers contributed approximately 15% of total group revenue, positioning Revolut Business as one of Europe's largest digital banking players in the B2B space.According to the company, market penetration remains at only about 15% of the adult population in key markets, indicating substantial room for further expansion.“This ambitious goal will keep us focused on revolutionising global financial access through innovative products and seamless user experiences,” added Storonsky.Banking License Progress and Future PlansIn its outlook for 2025, Revolut prioritized the formal launch of its UK bank following the restricted banking license it secured in July 2024. The company is also preparing to launch banking operations in Mexico and recently received approval for a Prepaid Payment Instrument license in India.Additionally, Revolut disclosed in its annual report that CEO and founder Nikolay Storonsky has increased his ownership stake to more than 25% of the company following a reorganization of its ownership structure in April 2025.The company is actively securing over 10 global licenses and scaling recent market entries like Brazil while exploring further opportunities across the Americas and Asia-Pacific.Francesca Carlesi, Revolut's UK CEO, has previously stated that the journey to becoming a fully authorized UK bank is a crucial step in the company's global expansion and eventual IPO path. This article was written by Damian Chmiel at www.financemagnates.com.

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Will Revolut Target Its 5 Million-User Market in France With CFDs Next?

UK-based fintech giant Revolut has reached a major milestone in France, with 5 million users now using the app, according to the company’s report today (Wednesday). “5 million people, or 1 in 10 adults, in France now use Revolut France”, the company wrote.The milestone was achieved nearly a year after the fintech firm partnered with the publicly listed brokerage CMC Markets to bring access to FX, index, commodities, treasuries, and equity CFDs, among its users.On Track for 10 Million Users by 2026“France is one of our fastest-growing markets, with 200,000 new customers joining every month. We're on track to hit 10 million by the end of 2026, and 20 million by 2030,” Commented French-born Chief Growth & Marketing Officer, Antoine Le Nel.In a report by financemagnates.com, Revolut shared the details of its agreement with CMC Markets, saying that under the collaboration, CMC Markets Connect will offer the back-end infrastructure, including trading, pricing, account systems, execution, and clearing.Additionally, users will reportedly have access to FX, index, commodities, treasuries, and equity CFDs, initially under the deal, potentially expanding into other asset classes as the relationship evolves."The partnership facilitates back-to-back trading with Revolut, along with a complete back-end integration," commented Lord Cruddas, CEO of CMC Markets. "We look forward to supporting Revolut's customers with access to our extensive trading universe."Expanding Presence in EuropeAs early as 2021, Revolut had expanded its presence in continental Europe by launching banking services in France, Italy, and Portugal. The expansion followed another roll-out in ten other European countries, including Bulgaria, Croatia, Cyprus, Estonia, Greece, Latvia, Malta, Romania, Slovakia, and Slovenia.⚡️ JUST IN: Revolut has launched a standalone crypto trading app, Revolut X, aiming to rival major exchanges and expand beyond Europe to the U.S. market. pic.twitter.com/UZCmmHJQQp— Cointelegraph (@Cointelegraph) March 26, 2025Meanwhile, after launching a dedicated crypto trading platform for UK users last year, Revolut expanded the offering with a new trading app, Revolut X. This addition positioned the fintech giant as a direct competitor to major exchanges like Binance and Coinbase. This article was written by Jared Kirui at www.financemagnates.com.

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