A notable fintech company is actively seeking to enhance its merger and acquisition strategies, bolstered by a strong financial position. The firm reported having approximately $1.2 billion in cash and equivalents as of the end of June, along with a debt-free cash position nearing $988 million. This solid fiscal foundation has become especially prominent following its initial public offering earlier this year.
The company’s aspirations in the M&A landscape were recently highlighted during a forum held in Cernobbio, where it expressed a keen interest in pursuing acquisitions that show potential for growth. Historically, the firm has been involved in several acquisitions that have significantly expanded its portfolio. These acquisitions include Denmark’s Firmo in 2019, which specializes in tokenization infrastructure, and Delta, a tool for tracking cryptocurrency portfolios. Additionally, the firm has previously acquired Marq Millions, which has since been rebranded as eToro Money, and Bullsheet, a management tool for portfolios.
In 2022 and 2023, the firm stepped into the U.S. market by acquiring options broker Gatsby for $50 million, subsequently integrating and rebranding the service as eToro Options. Furthermore, it broadened its reach in Australia with the acquisition of Spaceship, a local investing and superannuation application for approximately $55 million.
While the company initially garnered fame through its copy trading services, it is now reestablishing itself as a broader fintech entity, with a significant portion of its revenue now sourced from cryptocurrency-related offerings. Recent reports indicate that, in the second quarter of 2025, the company achieved profits of $30 million on revenues totaling $207 million, as it witnessed a rise in assets.
The firm is currently maintaining a robust pipeline of potential M&A activities. A representative emphasized the commitment to a disciplined approach, indicating that any target for acquisition must successfully pass through a thorough due diligence process. This process ensures that the business and financial criteria align for driving future growth and profitability.
In contrast to its proactive M&A approach, there are areas the firm seems willing to avoid, notably prediction markets. Despite the recognition of their growing popularity among competitors, the company has expressed skepticism about the viability of prediction markets as long-term investment tools. These markets often allow bets on binary events, such as the outcomes of political elections or entertainment events, with some platforms even expanding into sports betting and arguing that they do not fall under existing gambling regulations.
In prediction markets, customers can set odds, differing significantly from conventional betting where odds are typically established by bookmakers. Though some firms in the industry have moved toward prediction markets, this fintech company has opted not to pursue such avenues.
Instead, it has expanded its features to include 24-hour trading services and is also innovating with tokenized assets, reflecting a focus on modern investment approaches. This strategic direction suggests a commitment to adapting and growing within the evolving financial landscape while remaining cautious about certain emerging trends. Overall, the financial viability and commitment to responsible investment practices highlight the firm’s proactive stance in a competitive industry.