Social investment platform eToro to acquire fintech startup Gatsby for $50M

Multi-asset social investment network and Robinhood competitor eToro has signed a definitive agreement to acquire Gatsby — a fintech startup which also aimed to go head to head against Robinhood — for $50 million in a cash and common stock deal.
Israel-based eToro told TechCrunch this week that it just received approval from FINRA, the Financial Industry Regulatory Authority, to move forward with the acquisition. The company first filed for regulatory approval in December of 2021.
Jeff Myers and Ryan Belanger-Saleh co-founded Gatsby, a commission-free options and stock-trading app

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