Exclusive: eToro postpones going-public SPAC deal to Q4
eToro reported Revenues of $559.5 million for the first six months of 2021, and a net loss of $83.8 million.
eToro reported Revenues of $559.5 million for the first six months of 2021, and a net loss of $83.8 million.
eToro’s combination with the SPAC is still subject to the approval of Fintech Acquisition’s stockholders, and of Nasdaq.
The importance of FTCVU shares trading up should not be minimized as the eToro deal needs to be approved by the SPAC-holders.
In 2020, eToro added over 5 million new registered users and generated gross revenues of $605 million.
Another SPAC issued by Betsy Cohen’s group is in process of taking public another successful Israel-based fintech company, Payoneer.