Further to our earlier report on eToro's new joint venture with Russian bank Sberbank to serve the Russian online trading market, Sberbank has put out a formal press release. The original PR can be seen here. The full text follows below. As we wrote in our previous article, the eToro-Sberbank joint venture follows the December…
Read moreRussian 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…
Read moreThe new $12 million round of funding provided to eToro represents the very first investment of CommerzVentures, which joins existing eToro investors in a Series D Financing.
Read moreThe ruble stands at its highest value against the dollar since the end of last year in a remarkable recovery from the lows of the winter, to becoming a favored currency
Read moreConfirming 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…
Read moreThe Wall Street Journal has reported that CySEC-regulated retail forex broker eToro is close to finalizing a $15 million investment from Chinese insurance giant Ping An and Russia's largest bank, Sberbank. The financing is strategic, with both Ping An and Sberbank to help eToro expand in their respective home markets, China and Russia, following the…
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