eToro announced last week that it has acquired Spaceship, an Australian investing app, in a deal worth up to $80 million AUD. This acquisition strengthens eToro’s presence in Australia and enhances its long-term savings and wealth management product offering. Spaceship will gain access to:
eToro’s global platform and investment tools to expand its product offerings for superannuation and managed funds.
Opportunities for collaboration with eToro’s large user base, providing Spaceship clients with additional tools and educational resources.
Increased market presence in Australia and key regions as eToro continues to broaden its long-term savings and wealth management proposition.
By integrating Spaceship into its ecosystem, eToro is further expanding its reach in the wealth management sector, offering a more comprehensive solution for investors at all stages of their financial journey. Spaceship will continue to operate under its own brand while benefiting from eToro’s resources and expertise.
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