eToro to Increase WealthTech Acquisitions with Two Active Opportunities on the Table

Shome, A. (2026, June 15). "We are very acquisitive": eToro considers buying wealth-tech firms, mulls banking licence. Finance Magnates. https://www.financemagnates.com/fintech/we-are-very-acquisitive-etoro-considers-buying-wealth-tech-firms-mulls-banking-licence/

• eToro co-founder and CEO Yoni Assia confirmed that the Nasdaq-listed company is pursuing multiple acquisitions in the wealth-technology space following its public listing last year.

• The firm is in talks with two wealth-tech companies, one based in the United States and one elsewhere, and is working with investment bankers to complete the transactions.

• eToro is evaluating expansion into traditional payments and may apply for banking licences or acquire a bank, with a stated focus on payments rather than lending.

• Assia identified diversification into payment services as a hedge against asset movements and cited acquisition capacity as a primary reason for listing.

• In the first quarter of 2026, eToro reported net income of $82 million on revenue of $258 million, with commodities representing roughly 60 percent of trading commissions while crypto volume declined.

• Founded in 2007, eToro has completed approximately half a dozen acquisitions, most before its listing, with the self-custodial wallet provider Zengo acquired earlier this year.

• Assia projected a significant wave of industry consolidation in which not all businesses will remain viable as independent public companies.

Knote: eToro is behind Robinhood on building the omni-app for investors, but it sounds like they are intent on catching up. Both are trying to be the "one stop shop" for nextgen investors, who want to see their entire financial lives compressed into 6.2"x2.8")