eToro, a Tel Aviv, Israel-based provider of a social investing network platform, acquired Bullsheet, a Munich, Germany-based provider of portfolio management tools.
The amount of the deal was not disclosed.
Portuguese cousins Filipe Sommer and João Ramalho Carlos joined the eToro platform as users in 2020 and went on to join eToro’s Popular Investor program. Twelve months later they launched Bullsheet exclusively for eToro users. Bullsheet provides portfolio management tools which enable eToro users to analyse the diversification of their portfolio, in addition to a suite of other tools designed specifically for eToro users.
eToro is working to integrate Bullsheet’s offering into the eToro platform and Sommer and Ramalho Carlos have joined eToro’s product development team. They will support eToro’s goal of integrating user feedback and requests into its product offering. Their calendar feature is already live and the ability to monitor a user’s eToro portfolio out of market hours – will be rolled out soon. An enhanced ‘news’ feature which creates a personalised news feed based on the assets in people’s eToro portfolio, is also launching soon.
Led by CEO Yoni Assia, eToro is the social investing network that empowers people to grow their knowledge and wealth as part of a global community of investors. The company was founded in 2007 with the vision of opening up the global markets so that everyone can trade and invest in a simple and transparent way. Today, eToro is a global community of more than 30 million registered users who share their investment strategies; and anyone can follow the approaches of those who have been the most successful. Users can easily buy, hold and sell assets, monitor their portfolio in real time, and transact whenever they want.
FinSMEs
31/10/2022