Following Nasdaq IPO, eToro Considers Dual Listing in Abu Dhabi and London
Hey FinTech Fanatic!
After years of waiting, eToro has finally landed on the Nasdaq, and it’s not stopping there. In the wake of its long-awaited debut last Wednesday, the social trading platform is already weighing a dual listing in either London or Abu Dhabi.
CEO Yoni Assia told reporters the company is exploring options beyond New York. “We have good relationships with many exchanges, including LSEG, Euronext, and the Abu Dhabi exchange,” he said. “They really want to see more retail investors trade stocks… so it’s something we might explore in the future.”
A potential move to Abu Dhabi would be unprecedented: no Nasdaq-listed firm has ever pursued a secondary listing there. The Abu Dhabi Securities Exchange, with its 89 listed companies and over $770 billion in market capitalization, has long operated in the shadow of larger Western markets. But its recent push to attract foreign firms suggests a broader ambition.
Meanwhile, London continues to wrestle with its own market dynamics. IPO activity has been sluggish, with 2023 listings barely crossing the $1 billion mark. Still, for firms like eToro, the city’s history and global reach remain a draw.
Read more global FinTech industry updates below 👇 and I'll be back with more tomorrow!
Cheers,
INSIGHTS
🇳🇱 What is Pay by Bank and how does it work? by Mollie. Explore how Pay by Bank and Open Banking payments work and the benefits they offer to both businesses and customers. This article will explain these things further. Read on
FINTECH NEWS
🌏 Hong Kong’s FinTech ambitions keep lawyers busy on policymaking and deals. Law firms have been advising on FinTech regulation to keep pace with innovation in digital assets. The move comes as competition from the US and other countries in the Asia-Pacific region, led by Singapore, intensifies.
🇮🇳 FinTechs push AI, new protocol to simplify backend tools for merchants. Cashfree and Razorpay use AI agents and a new protocol to simplify backend systems and automate payments, easing merchant operations across FinTech platforms.
🇬🇧 eToro weighs London and Abu Dhabi dual listing after IPO. CEO Yoni Assia says that after its booming Nasdaq debut last Wednesday, eToro could explore a dual listing in other exchanges, including London or Abu Dhabi. Read more
🇦🇪 Capital.com accelerates regional growth, with MENA clients accounting for more than half of the global trading volumes in Q1 2025. Thanks to the Capital.com MENA securities trading subsidiary, the Middle East contributed more than half of trading volume by global clients, making up 53% compared with Europe’s 24% share.
🇺🇸 PayPal Crypto Head says banks are needed to unlock full stablecoin potential. Jose Fernandez da Ponte's remarks came amid efforts to bring regulatory clarity for digital assets in the U.S., with lawmakers inching closer to passing stablecoin legislation that could redefine the market and allow banks to enter the space.
🇮🇳 Groww to make confidential IPO filing in two weeks. The unicorn is eyeing a valuation of $7 Bn to $8 Bn for its upcoming IPO. It is also raising $150 Mn from GIC as part of a larger $250-300 Mn pre-IPO round. Continue reading
🇺🇸 Chime IPO tests market appetite for FinTech investment. This would be a significant breakthrough given the drop in FinTech venture capital exit value from IPOs from $222.4 billion in 2021 to just $29.1 billion over the following three years, up to Q1 2025.
PAYMENTS NEWS
🇺🇸 Square debuted Square Releases, a new biannual product launch that delivers the most important new features and tools, all at once. It gives businesses a simple, consistent way to discover what’s new, understand what’s next, and take action to grow.
🌍 MBWay will reach 100 million Europeans in 2026. The EuroPA payment platform will be expanded and include counterparts in Norway, Denmark, Finland, Sweden, and Poland. This enables customers of MBWay, the Spanish bank Bizum, and the Italian bank BANCOMAT to make immediate payments to each other.
🇺🇸 Global Payments launches New Genius™ POS Platform. The new Genius platform enables global expansion and vertical specialization at scale, allowing Global Payments to rapidly launch in multiple countries, adapting to the unique requirements of each market.
🌍 Billie's first B2B 'pay later' solution is generally available on Stripe. With Billie, business customers can get up to 30 days of deferred payment, while the seller gets paid immediately. This not only offers extra flexibility for the buyer but also certainty and improved cash flow for the seller.
OPEN BANKING NEWS
🇧🇭 Myne chooses FinTech Galaxy to power open banking data and payments in GCC, starting in Bahrain. The app will offer seamless, secure, and instant payments, enabled by FinTech Galaxy’s capabilities. It will also enhance engagement, build trust, and provide actionable insights for more personalized financial experiences.
DIGITAL BANKING NEWS
🇬🇷 Revolut opens a branch in Greece and will offer a Greek IBAN. Greek IBAN will allow it to provide more services, such as payroll accounts and broader credit provision. This move comes as a result of the high penetration that Revolut already has in the Greek market. Meanwhile, Revolut adds travel cover for Premium and Metal users. The service will be available to new and existing Premium and Metal customers. They will gain access to travel insurance benefits.
🇵🇹 Wizink will start receiving deposits in Portugal. The digital bank will start accepting deposits in 2026 and will launch Aplazame, the Buy Now Pay Later technological tool, later this year. Read more
🇺🇸 Step launches modern mobile plans to empower Gen Z’s independence and financial growth starting at $15 a month. Step Mobile customers will enjoy a premium experience and the fastest speeds available, providing a network equipped for Gen Z data usage on a budget they can afford.
🇺🇸 Chime’s approach to Payday lending is costly. This aims to provide users with early access to their earned wages without the high costs associated with traditional payday loans. Continue reading
BLOCKCHAIN/CRYPTO NEWS
🇱🇺 Bitstamp secures CASP license under MiCA. The newly acquired CASP license will cover the operation of Bitstamp’s trading platform, execution of orders on behalf of clients, and custody of crypto-assets across the European Economic Area.
🇧🇷 Brazil FinTech Méliuz gets approval to become a Bitcoin treasury company, the firm also announcing it acquired another 274.5 Bitcoin. The FinTech firm is well-known for its cashback program and serves over 30 million users across Brazil. Read more
🇧🇸 FTX to distribute $5 billion in next round of creditor payments. FTX said this round of distributions will start on May 30 and that customers and other creditors of Sam Bankman-Fried’s fraud-tainted platform are slated to get between 54% and 120% of what they’re owed in this payout.
🇺🇸 Sam Altman’s World expands to Miami as demand for human verification soars. This marks another step in the company’s growing footprint across the United States as public interest in digital trust and human verification continues to rise.
🇺🇸 Coinbase hackers used bribery in a scheme to access customer data. The incident is expected to cost Coinbase up to $400 million to resolve, and is part of a larger trend of cybercriminals using bribery to gain access to sensitive information. Meanwhile, Coinbase eyes 150 KSF San Francisco HQ. The move comes nearly four years after Coinbase adopted a remote-work model and operated without a central office.
PARTNERSHIPS
🇬🇧 TransferGo teams up with Griffin for GBP wallets and savings as it launches multi-currency business accounts. This partnership allows TransferGo to leverage Griffin’s safeguarding infrastructure for its GBP wallets and offer savings accounts with competitive interest rates to UK businesses.
🇺🇸 Lithic's platform now includes American Express card issuing. Through this move, FinTech companies, regardless of their size, are set to be able to apply to develop and expand payment solutions for consumers and businesses by accessing the American Express network.
🇬🇧 Lloyds Banking Group selects Moneyhub as data enrichment partner. This will support customers to understand what they spend their money on and improve their personalized digital banking experiences. Moneyhub’s technology will categorise all of the bank’s transactions for both income and expenditure.
🇰🇷 Kakao Pay Securities integrates TradingView charts. Its users now have access to TradingView’s powerful charting engine directly. This move has also increased the number of available chart types and added robust customization options, giving traders deeper insight into both long-term trends and short-term market moves.
🇸🇪 coeo Inkasso Sweden partners with Neonomics. The partnership is expected to streamline debt collection payments while leveraging Nello Pay, an Open Banking-powered solution that allows secure and straightforward transactions directly from customers’ bank accounts.
🇮🇸 Iceland's Arion Bank upgrades payments infrastructure with Volante. Through the partnership, Volante will integrate its Payments-as-a-Service solution into Arion's tech stack. The cloud-based solution supports end-to-end processing across a range of payment types.
🇺🇸 Coinbase teams up with Webull Pay to power crypto experience. Both infrastructures will come together to provide Webull Pay with more trading firepower, security, and a compliant offering, delivered in a seamless user experience. Keep reading
DONEDEAL FUNDING NEWS
🌍 Global FinTech CrediLinq raises $8.5m series A to accelerate the growth of B2B embedded finance. Funds will be deployed to drive market expansion, strategic acquisitions and partnerships in the US, UK, and Australia, hire senior commercial, production, and tech talent, and invest in further technology enhancements.
M&A
🇸🇬 Singapore’s GIC seeks CCI approval to acquire 2.14% stake in Groww. Groww has been planning to raise around $200 million in its pre-IPO round. The deal could value the Bengaluru-based stockbroking platform at $6.5- 7 billion. Read more
🇮🇳 Groww to acquire wealthtech startup Fisdom. The deal, which values Fisdom at about $150 Mn, is subject to regulatory approval. With the acquisition, Groww is looking to expand its offerings in the wealth management space.
MOVERS AND SHAKERS
🇺🇸 Temenos hires Rohit Chauhan as new CTO and Eugene Khmelevsky as Global Head of Architecture and Data. They are seasoned technology and people leaders with deep banking expertise, a sharp market focus, and a deep expertise in the U.S., which is a high-growth market for Temenos.
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