A fintech firm is gearing up for expanded merger and acquisition initiatives, bolstered by a strong cash position. Recent reports indicate that the company holds approximately $1.2 billion in cash and cash equivalents as of June 30, with a debt-free cash balance of $988 million. This financial strength, made public after the company’s recent IPO, positions it well for future growth.
At a recent forum in Cernobbio, Italy, executives highlighted their ambition to pursue more significant acquisitions, aiming to enhance their business operations. Since its establishment in 2007, the company has undertaken various acquisitions, signaling a commitment to growth through strategic partnerships. Among its earlier transactions was the acquisition of Firmo in 2019, a provider of tokenization infrastructure, and the purchase of Delta, a crypto portfolio tracking service. Additionally, the firm acquired Marq Millions, which was later rebranded as eToro Money, and Bullsheet, a portfolio analytics tool; although the financial details of these deals are mostly undisclosed.
In more recent years, the company has actively sought to expand its footprint in the financial sector. In 2022-2023, it acquired Gatsby, a US-based options broker, for $50 million in a combination of cash and stock. This acquisition has since been integrated and branded as eToro Options. Furthermore, it broadened its reach into the Australian market by purchasing Spaceship, an investing and superannuation app, for around $55 million.
Historically recognized for its copy trading services, the company has evolved to position itself as a broader fintech entity, with a significant portion of its revenue derived from cryptocurrency services. Recent reports from finance platforms indicate that the company generated $30 million in profits from $207 million in revenue during the second quarter of 2025.
As part of its ongoing growth strategy, the firm is maintaining a structured approach to its mergers and acquisitions, ensuring that any potential target passes through their rigorous due diligence process. This focus on investment discipline is intended to support sustained growth and profitability.
However, despite its expansion into various fintech services, the company has expressed a cautious stance regarding entering prediction markets. These markets, which have found traction with competitors like Robinhood and Crypto.com, allow participants to wager on binary outcomes of events—from election results to celebrity happenings, and even sports betting. Some platforms have recently argued that their models do not fall under traditional gambling regulations.
A notable distinction between prediction markets and conventional betting lies in the setting of odds; while bookmakers traditionally determine odds, prediction markets give customers the power to set their own. Despite recognizing the potential of these new market segments, the firm has decided to steer clear of this space, as leaders within the organization caution that they do not view prediction markets as long-term investment tools.
Meanwhile, the fintech company has been actively enhancing its offerings, introducing around-the-clock trading services and rolling out tokenized assets to stay competitive against its rivals. This strategic shift reflects a broader industry trend towards providing more flexible and diverse trading options to consumers, further solidifying its position in the modern financial landscape.
With the current financial resources and a clear vision for the future, the company is poised to make impactful decisions that align with its growth goals, all while navigating the complexities of the rapidly evolving fintech sector.