eToro Secures $250 Million in Funding Following Cancellation of SPAC Plans

eToro, a leading global investment and trading platform, has successfully raised $250 million in a recent funding round, with its valuation now standing at $3.5 billion. This development comes after the company abandoned its initial plans to enter the public market through a special purpose acquisition company (SPAC) in 2022, which would have valued eToro at a staggering $10.4 billion.

Established in 2007, eToro has gained significant traction in the finance sector, offering its users access to a wide range of investment and trading opportunities. With a user-friendly interface and a robust social trading feature, eToro has become a popular choice for both novice and experienced investors alike.