eToro (Nasdaq: ETOR) is evaluating a series of acquisitions in the wealth-tech sector following its public listing last year, according to its co-founder and CEO, Yoni Assia. The company has confirmed it is in discussions with two target firms, one based in the United States and another in a different region, and is working with investment bankers to advance the potential deals.
Assia said eToro is pursuing an acquisitive strategy that aligns with the rationale behind its listing. He noted that the firm is reviewing several potential transactions, including businesses that could enhance its wealth management offering, but declined to provide further details, citing that it is "too early" to do so. He added that eToro remains committed to expanding its global footprint, with a specific focus on growth in the US market.
In addition to wealth-tech acquisitions, eToro is considering expansion into traditional payments. This strategy may involve applying for banking licences or potentially acquiring a bank. Assia emphasized that the key objective is diversification into more payment services rather than a shift toward lending activities.
eToro currently provides trading services across a wide range of asset classes, including stocks, cryptocurrencies and contracts for differences (CFDs). The company reported net income of $82 million on revenue of $258 million in the first three months of 2026. Founded in 2007, eToro has already completed about half a dozen acquisitions as part of its growth strategy.
Assia also highlighted broader trends in the sector, suggesting that the industry is likely to experience significant consolidation. He stated that not all companies will be able to remain as independent publicly listed businesses, pointing to a potential wave of mergers and acquisitions in the fintech and wealth-tech space.
