After a public listing last year, eToro (Nasdaq: ETOR) is now considering multiple acquisitions in the wealth-tech space, its co-founder and CEO, Yoni Assia, confirmed. It is already in talks with two firms, one in the United States and the other elsewhere, and is working with investment bankers to seal the deals.

The company also confirmed to Finance Magnates that it is considering several potential deals. However, it did not share any specifics, saying “it’s too early.”

“We Have a Number of Potential Deals”

“We are very acquisitive — it is part of the reason why we listed,” Assia told the Financial Times. “We have a number of potential deals we are looking at, including businesses that would help us grow our wealth offering. We remain committed to growing our global footprint, including expanding in the US market.”

However, he did not elaborate on the size of these acquisitions.

Read more: eToro Assets Reclaim $20 Billion in May as Crypto Trading Keeps Sliding

Another area where the Nasdaq-listed broker is considering expanding is traditional payments. It could now also apply for banking licences. Revolut and Brazilian giant Nubank are among other fintechs to apply for banking charters.

“The key is diversification into more payment services,” Assia continued, “and that could see us consider applying for banking licences in the future, or buying a bank.”

He, however, stressed that eToro’s focus would be more on payments than on lending. The move would also help the firm hedge against asset movements.

Positioning as a Broad Fintech

eToro currently offers trading with a massive portfolio of assets, including stocks, cryptocurrencies and contracts for differences (CFDs). The company, meanwhile, is positioning itself as a fintech with a multi-asset offering rather than just another broker.

In the first three months of 2026, the company generated a net income of $82 million on revenue of $258 million. Although commodities trading accounted for about 60 per cent of trading commissions, with volumes nearly quadrupling year over year, crypto volume on the platform declined.

Founded in 2007, eToro has also completed half a dozen acquisitions. Most of its acquisitions were before its public listing, with only the purchase of Zengo, a self-custodial crypto wallet provider, taking place earlier this year.

“There is going to be a big wave of consolidation,” Assia said. “Not all businesses will be able to exist as independent public businesses.”

This article was written by Arnab Shome at www.financemagnates.com.FinTechRead More

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