eToro Targets $100 Million in Latin America Revenue Within Two to Three Years

eToro aims to reach $100 million in Latin American revenue within two to three years, CEO Yoni Assia said Nov. 10, outlining the growth target as the company plans to make Argentina its regional hub. The expansion is tied to eToro’s planned acquisition of LB Finanzas, an Argentine investing and payments app. eToro announced its agreement to acquire LB Finanzas on Nov. 4. The deal remains subject to customary closing conditions. On eToro’s third-quarter earnings call at 8:30 a.m. ET (13:30 UTC), CFO Meron Shani put the deal’s expected cost below $20 million and said it would have no material effect on the company’s balance sheet. Through LB Finanzas, users can invest in stocks, ETFs, cryptocurrency and money-market funds.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.