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What Is eToro?

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eToro has garnered over 20 million users and is growing rapidly. The company more than doubled its revenue in 2020 to $605 million, and now has its sights set on Wall Street and the U.S.

eToro was founded in Tel Aviv, Israel in 2007 by brothers Yoni Assia and Ronen Assia, together with David Ring.

The company is taking a recently popular route to access Wall Street money, by merging with a SPAC. Many other companies have gone public using a SPAC, including Virgin Galactic  (SPCE) , DraftKings  (DKNG) , and Opendoor  (OPEN) .

Learn more about eToro and its path to public trading in the video above. 

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