LONDON, March 25, 2013 /PRNewswire/ --
eToro, the world's largest social investment network has been placed on the 2013 FinTech50 Watchlist, a shortlist of fifty companies in Europe that are redefining financial services through technology. The List, a collaborative project by The CEO Agenda, ICON Corporate Finance, Hotwire, Silicon Valley Bank and Fox Williams, is the first of an annual exercise to track one of the fastest moving sectors in technology.
The inaugural FinTech 50 Watchlist is based on the expertise of the Watchlist Panel, ten industry leaders from across the financial services and technology industry. The panel convened at the end of 2012 to debate and selects the top companies that demonstrate the potential to become a game-changer in FinTech or the competitive staying power to continue being one.
'FinTech' - financial technology - is a tremendous growth sector in Europe, and it's not just the traditional players getting in on the act. Entrepreneurs and established companies from different backgrounds are using technology to transform financial services across the board: from consumer finance to payments to whole new verticals such as peer-to-peer lending and crowd funding.
eToro was selected as part of the FinTech 50 Watchlist and offers online social investment services to its network of over 2.75 million investors worldwide.
eToro's vision of a democratized, simplified, and social marketplace has taken the world by storm as the company's eToro OpenBook platform has enabled both novice and experienced traders to benefit from an open stream of shared information across all levels of the trading experience. With an array of unique social investment tools, eToro has made it possible for any member of its network to harness the wisdom of the crowd by copying the trading activity of the top performing traders in the network.
Yoni Assia, CEO of eToro, said: "We at eToro could not be more honored to have been chosen to figure on such a prestigious list, amidst such stellar companies. Our selection will serve as a powerful engine to drive our innovation even further in order to continue to supply our customers with unique and practical solutions, and inspire the financial investment industry to embrace more social avenues."
eToro is the world's largest investment network, with over 2.5 million registered users in over 190 countries and thousands of new accounts opened each day. eToro leads the social trading revolution through its community powered network, which enables every investor to see, follow and automatically copy the actions of other investors in real time. eToro's mission is to open the financial markets to every individual and make them accessible through a simple, transparent and more profitable way to trade and invest online. By harnessing the wisdom of the crowd every member of eToro's social trading network benefits from accelerated information exchange, knowledge sharing and the ability to quickly identify the best investment opportunities. eToro's Guru Program allows expert and talented traders to earn wide reaching recognition and earn additional income. With a wide range of award-winning mobile and web-based social trading tools eToro appeals to every level of trading expertise, and provides an investment experience like no other before. For more information, visit us at http://www.etoro.com