Tag: Ping An

December 14, 2016 BY LeapRate Staff

eToro joins Saxo Bank as retail forex partner of China internet finance giant Lufax

Retail forex broker eToro has announced a cooperation agreement with China’s largest internet finance company, Lufax Holding Ltd. The strategic partnership will introduce eToro to Lufax's overseas Chinese clients. LeapRate readers will recall that multi-asset online broker Saxo Bank announced a similar partnership with Lufax back in May. We understand that the Saxo Bank partnership is…

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May 24, 2016 BY LeapRate Staff

Ping An becomes first Chinese institution to join R3 distributed ledger consortium

Ping An Financial Services Group has joined financial innovation firm R3’s partnership to design and apply distributed and shared ledger-inspired technologies to global financial markets. The R3 team is made up of financial industry veterans, technologists, and new tech entrepreneurs, bringing together expertise from electronic financial markets, cryptography and digital currencies. R3 operates in New…

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February 17, 2016 BY LeapRate Staff

Russian press report eToro-Sberbank JV to serve Russian traders

Russian business news websites Finam.ru and Finanz.ru have reported today that retail forex broker eToro has agreed on a joint venture with Russia's largest bank Sberbank. The JV will serve customers in Russia, and will be integrated with applications at Sberbank, according to Sberbank Chairman and CEO Herman Gref. The JV structure is yet to be…

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December 10, 2014 BY LeapRate Staff

eToro raises $27 million from China's Ping An and Russia's Sberbank

Confirming our earlier post on the matter, retail forex broker eToro has successfully raised $27 million from units of China’s Ping An and Russia’s Sberbank. Current investors Spark Capital and BRM also participated in the financing. The round also includes a credit facility from Silicon Valley Bank. Industry sources tell LeapRate that the financing was done at…

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