eToro Plans Acquisitions of Two Wealth-Tech Firms, Targets $70M Zengo-Like Deals

eToro CEO Yoni Assia said the company is pursuing acquisitions of two wealth-technology firms as it expands beyond its core trading platform into payments and potentially banking services. One target is based in the United States, while the other is in a separate market. The strategy aims to build more stable revenue streams and deeper customer relationships beyond transaction-driven trading activity.

eToro already acquired self-custodial crypto wallet provider Zengo in April for approximately $70 million, marking the company's push into broader fintech infrastructure. The wealth-tech acquisitions are expected to add portfolio tools, robo-advisory services, and financial-planning capabilities, helping eToro compete for higher-value clients and longer-term assets in the U.S. wealth-management market.