eToro has announced a $250 million credit facility from a consortium of major banks. This move will aid the company in pursuing growth and expansion.
eToro's Financial Position
As of March 31, 2025, the company held over $736 million in cash, cash equivalents, and short-term investments, with no outstanding debt.
Credit Line from Major Banks
The unsecured three-year credit line was facilitated by top-tier banks including Citi, Goldman Sachs, and Deutsche Bank. CFO Meron Shani emphasized the strategic purpose of this move, stating that 'this facility provides eToro with enhanced financial flexibility to support our long-term strategic growth initiatives.'
Market Momentum Post-IPO
The credit arrangement coincided with eToro's recent financial results and public debut. The company reported an 8% year-over-year increase in net contribution, but adjusted EBITDA declined from $87 million to $80 million, attributed to increased marketing and expansion expenses.
The $250 million credit facility highlights eToro's strong financial position and readiness for further development in a competitive market.