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eToro Secures $250 Million Credit Facility After Successful US IPO

Pat Crawley
Pat Crawley
39 Min Read
etoro-secures-$250-million-credit-facility-after-successful-us-ipo
eToro Secures $250 Million Credit Facility After Successful US IPO

Tuesday, 01/07/2025 | 13:34 GMT by Jared Kirui

  • The fintech company’s shares are up 5% in the past 5 days, currently trading above $66.
  • eToro’s new credit facility was reportedly arranged by a consortium of global banks, including Citi, Deutsche Bank, Goldman Sachs, and UBS.

eToro (shutterstock)

eToro, Source: Shutterstock

eToro has secured a $250 million revolving credit facility from a syndicate of major global banks. The new facility is a three-year senior unsecured credit line. eToro entered the agreement reportedly without any outstanding debt and with more than $736 million in cash, cash equivalents, and short-term investments as of March 31, 2025.

Facility Arranged by Global Banking Consortium

According to the Monday announcement, the credit line was arranged by Citi, Bank Hapoalim, Bank Leumi, Deutsche Bank, Goldman Sachs, Mizuho Bank, Sumitomo Mitsui Banking Corporation, and UBS. The facility gives eToro access to additional capital if needed while maintaining its current debt-free position.

“This facility provides eToro with enhanced financial flexibility to support our long-term strategic growth initiatives. It further solidifies our robust liquidity profile and ensures we are well-positioned to execute on our plans for continued growth and expansion,” commented Meron Shani, the CFO of eToro.

Related: eToro Adds Six New Portfolios with Franklin Templeton for Long-Term Retail Investors

eToro did not disclose specific use cases for the funds but framed the facility as a move to provide financial headroom as it explores new strategic initiatives.

The company stock has performed well lately. According to Google Finance data, eToro shares are up 5% in the past 5 days, currently trading above $66.

Financial Results Following IPO

Early last month, eToro published its financial results for the first quarter ending March 31, 2025, as a public company. In the report, the fintech giant posted an 8% increase in net contribution year-over-year, amounting to $217 million, up from $201 million in the same period last year. This growth was largely driven by elevated trading volumes across its platform.

Besides that, adjusted EBITDA, a non-GAAP measure, also fell to $80 million from $87 million a year earlier. Correspondingly, the adjusted EBITDA margin narrowed to 37% from 43%, indicating increased spending to support expansion efforts.

“Our results show strong business performance for Q1 with an increase in net contribution driven by increased trading activity and our continued focus on sustainable, profitable growth. In the first quarter, in response to the market environment, we increased investment in marketing and growth,” said Shani.

eToro’s shares, under the symbol ETOR, debuted on Nasdaq around mid-May in a much-anticipated Wall Street listing. Initially, the shares were priced at $52, but quickly soared after the listing.

eToro has secured a $250 million revolving credit facility from a syndicate of major global banks. The new facility is a three-year senior unsecured credit line. eToro entered the agreement reportedly without any outstanding debt and with more than $736 million in cash, cash equivalents, and short-term investments as of March 31, 2025.

Facility Arranged by Global Banking Consortium

According to the Monday announcement, the credit line was arranged by Citi, Bank Hapoalim, Bank Leumi, Deutsche Bank, Goldman Sachs, Mizuho Bank, Sumitomo Mitsui Banking Corporation, and UBS. The facility gives eToro access to additional capital if needed while maintaining its current debt-free position.

“This facility provides eToro with enhanced financial flexibility to support our long-term strategic growth initiatives. It further solidifies our robust liquidity profile and ensures we are well-positioned to execute on our plans for continued growth and expansion,” commented Meron Shani, the CFO of eToro.

Related: eToro Adds Six New Portfolios with Franklin Templeton for Long-Term Retail Investors

eToro did not disclose specific use cases for the funds but framed the facility as a move to provide financial headroom as it explores new strategic initiatives.

The company stock has performed well lately. According to Google Finance data, eToro shares are up 5% in the past 5 days, currently trading above $66.

Financial Results Following IPO

Early last month, eToro published its financial results for the first quarter ending March 31, 2025, as a public company. In the report, the fintech giant posted an 8% increase in net contribution year-over-year, amounting to $217 million, up from $201 million in the same period last year. This growth was largely driven by elevated trading volumes across its platform.

Besides that, adjusted EBITDA, a non-GAAP measure, also fell to $80 million from $87 million a year earlier. Correspondingly, the adjusted EBITDA margin narrowed to 37% from 43%, indicating increased spending to support expansion efforts.

“Our results show strong business performance for Q1 with an increase in net contribution driven by increased trading activity and our continued focus on sustainable, profitable growth. In the first quarter, in response to the market environment, we increased investment in marketing and growth,” said Shani.

eToro’s shares, under the symbol ETOR, debuted on Nasdaq around mid-May in a much-anticipated Wall Street listing. Initially, the shares were priced at $52, but quickly soared after the listing.

Jared Kirui
  • 2041 Articles
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Jared is an experienced financial journalist passionate about all things forex and CFDs.

  • 2041 Articles
  • 41 Followers

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