Friday, 24 March, 2023

Social investment platform eToro will acquire fintech startup Gatsby for $50M

<p>A legally binding agreement has been reached by the multi-asset social investment platform eToro to buy the fintech firm Gatsby for $50M in cash and stock. Israel-based eToro announced that FINRA has just given its approval for it to proceed with the transaction. In December 2021, the company submitted its initial request for regulatory approval. The entire 20-person Gatsby team will join eToro. The startup&#39;s $10M Series A financing took place in mid-March 2021.</p>