The fintech expands its long-term savings offerings and strengthens its presence in Australia.
It wants to use Spaceship's local expertise in superannuation and managed funds.
eToro
announced today (Thursday) it has agreed to acquire Australian investing app
Spaceship in a deal valued at up to AUD 80 million ($55 million). With this move, the Israel-based company demonstrates its intention to strengthen its position in the savings sector and focus on more passive, long-term investments
eToro Acquires Spaceship in $55 Million Australian Expansion
The
acquisition aims to bolster eToro's presence in Australia while expanding its
long-term savings offerings globally. Spaceship, founded in 2017, has amassed
over 200,000 clients and manages more than AUD 1.5 billion AUD ($1 billion) in assets through
its superannuation funds and managed investment portfolios.
Yoni Asia, the CEO of eToro
“Spaceship
and eToro share the goal of making investing accessible for everyone,”
said Yoni Assia, CEO and co-founder of eToro. “We are expanding our
long-term savings and investing proposition for our users globally and this
acquisition is a key step on this journey. We hope that this deal will be the first of many in the long-term savings and investing space as we continue to build out our localised product offering in our key markets.”
The deal
marks eToro's first major move into the long-term savings and investing space. The company is signaling intentions for further acquisitions in this area. Founded in 2007, eToro currently serves over 38 million registered
users across 90 countries.
Following the acquisition, Spaceship will continue to operate under its own brand. The
companies plan to integrate their offerings, allowing Spaceship clients access
to eToro's investment tools and educational resources, while eToro users will
be able to utilize Spaceship's superannuation and managed funds.
Andrew Moore, CEO of Spaceship
“Joining forces with eToro is a pivotal moment for Spaceship, accelerating
our momentum in Australia and unlocking new opportunities for growth,” Andrew
Moore, CEO of Spaceship, added. “We're deeply aligned with eToro's goal of making investing accessible for everyone, and this partnership will enable us to reach new heights as we expand our product offering to customers, while continuing to provide top-tier value. Moreover, it offers our customers a promising opportunity to be part of a forward-looking company that aligns with our future ambitions.”
The
acquisition is subject to regulatory approvals and customary closing
conditions. Financial terms were not disclosed beyond the maximum potential
value of AUD 80 million (up to $55 million).
Investors Want to Trade Stocks
Movement
occurs when it becomes apparent that retail traders are moving away from FX
investments and increasingly choosing equities, which allow for building more
passive and long-term investment and savings portfolios.
The eToro
quarterly Retail Investor Beat survey, which polled 10,000 retail investors
across 12 countries, revealed
a clear shift towards shares and away from cash assets in the third quarter
of 2024. Already 54% of investors hold locally listed stocks, while 36% own
international shares. Quarter-over-quarter, the number of investors in
internationally listed stocks grew by 16%.
eToro
announced today (Thursday) it has agreed to acquire Australian investing app
Spaceship in a deal valued at up to AUD 80 million ($55 million). With this move, the Israel-based company demonstrates its intention to strengthen its position in the savings sector and focus on more passive, long-term investments
eToro Acquires Spaceship in $55 Million Australian Expansion
The
acquisition aims to bolster eToro's presence in Australia while expanding its
long-term savings offerings globally. Spaceship, founded in 2017, has amassed
over 200,000 clients and manages more than AUD 1.5 billion AUD ($1 billion) in assets through
its superannuation funds and managed investment portfolios.
Yoni Asia, the CEO of eToro
“Spaceship
and eToro share the goal of making investing accessible for everyone,”
said Yoni Assia, CEO and co-founder of eToro. “We are expanding our
long-term savings and investing proposition for our users globally and this
acquisition is a key step on this journey. We hope that this deal will be the first of many in the long-term savings and investing space as we continue to build out our localised product offering in our key markets.”
The deal
marks eToro's first major move into the long-term savings and investing space. The company is signaling intentions for further acquisitions in this area. Founded in 2007, eToro currently serves over 38 million registered
users across 90 countries.
Following the acquisition, Spaceship will continue to operate under its own brand. The
companies plan to integrate their offerings, allowing Spaceship clients access
to eToro's investment tools and educational resources, while eToro users will
be able to utilize Spaceship's superannuation and managed funds.
Andrew Moore, CEO of Spaceship
“Joining forces with eToro is a pivotal moment for Spaceship, accelerating
our momentum in Australia and unlocking new opportunities for growth,” Andrew
Moore, CEO of Spaceship, added. “We're deeply aligned with eToro's goal of making investing accessible for everyone, and this partnership will enable us to reach new heights as we expand our product offering to customers, while continuing to provide top-tier value. Moreover, it offers our customers a promising opportunity to be part of a forward-looking company that aligns with our future ambitions.”
The
acquisition is subject to regulatory approvals and customary closing
conditions. Financial terms were not disclosed beyond the maximum potential
value of AUD 80 million (up to $55 million).
Investors Want to Trade Stocks
Movement
occurs when it becomes apparent that retail traders are moving away from FX
investments and increasingly choosing equities, which allow for building more
passive and long-term investment and savings portfolios.
The eToro
quarterly Retail Investor Beat survey, which polled 10,000 retail investors
across 12 countries, revealed
a clear shift towards shares and away from cash assets in the third quarter
of 2024. Already 54% of investors hold locally listed stocks, while 36% own
international shares. Quarter-over-quarter, the number of investors in
internationally listed stocks grew by 16%.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
PayPal Applies to Establish Bank Targeting US Retail and Small Business Lending
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
