We are very excited to announce that eToro has entered into an agreement to acquire the investing app Spaceship. This is a significant milestone for the business and underscores our commitment to continually improving our product offering for eToro users in Australia.
We want to give our users the tools, knowledge, products and services that will help them to meet their long-term investing goals. By adding Spaceship’s superannuation and managed fund proposition to eToro’s multi-asset investment offering, we can better support new and existing users in Australia on this journey.
Commenting on the news, Yoni Assia, CEO and Co-founder of eToro, said: “Spaceship and eToro share the goal of making investing accessible for everyone. Like us, they look to the future and we are excited to welcome their team and their clients into the eToro family. With almost two decades’ of experience building, innovating and serving clients around the world, I believe that together eToro and Spaceship can take our offering for Australian users to the next level.
“We are expanding our long-term savings and investing proposition for our users globally and this acquisition is a key step on this journey. Our mission is to give people the tools and knowledge they need to grow their wealth.”
Spaceship CEO Andrew Moore added: “Joining forces with eToro is a pivotal moment for Spaceship, accelerating our momentum in Australia and unlocking new opportunities for growth. We’re deeply aligned with eToro’s goal of making investing accessible for everyone, and this partnership will enable us to reach new heights as we expand our product offering to customers, while continuing to provide top-tier value. Moreover, it offers our customers a promising opportunity to be part of a forward-looking company that aligns with our future ambitions.”
Who is Spaceship?
Since launching in 2017, investing app Spaceship has acquired more than 200,000 clients and surpassed $1.5 billion AUD in funds under management. The company’s core offering includes a choice of superannuation funds, which fall under Spaceship Super, and a selection of professionally managed investment portfolios, under Spaceship Voyager.
How will it impact eToro users in Australia?
There will be no immediate impact on eToro users in Australia but in the future we plan to give eToro users easier access to a wider range of products and services by integrating the Spaceship and eToro user experience.
Thank you for your continued support.