eToro Pitch Deck (2021): 62-Slide Breakdown

See all 62 slides of the eToro pitch deck — a 2021 deck in FinTech — with a slide-by-slide teardown of what the deck does well and where it falls short.

eToro’s investor presentation is a masterclass in late-stage scaling and public market readiness. Spanning 62 slides, the deck details the company's evolution from a niche trading tool to a 'Next Generation Social Investment Platform.' The data reveals an aggressive growth trajectory, with registered users jumping from 12.3 million in 2019 to 18.7 million by January 2021. A significant portion of the deck is dedicated to the FinTech Acquisition Corp. V partnership, showcasing the SPAC sponsor's track record with companies like Payoneer and CardConnect. Beyond historical metrics, eToro outline…

Key takeaways

Introduction: The Social Trading Giant Goes Public

The eToro investor presentation is a comprehensive 62-slide document designed for a public market debut via a Special Purpose Acquisition Company (SPAC). The deck transitions from a high-level vision of social investing to granular cohort data and exhaustive risk disclosures. It serves as a bridge between eToro’s origins as a retail trading platform and its future as a diversified fintech ecosystem.

Slide 1: Vision and Branding

The title slide establishes the core identity: "Next Generation Social Investment Platform." The use of the signature lime green branding is consistent throughout the deck. By leading with "Social Investment," eToro differentiates itself from traditional discount brokers like Charles Schwab or ETRADE, signaling that its value lies in the network effect of its user base rather than just execution speed or low fees.

Slide 08: The SPAC Partner – FinTech Acquisition Corp. V

This slide focuses on the credibility of the merger partner. It lists four key pillars: Strong strategic partner, Leader in the SPAC market, Experienced leadership team, and an Impressive track record. The bottom of the slide provides concrete proof points of the sponsor's past successes, including a +90% return for CardConnect and a +65% return for Intermex. It also notes upsized PIPEs (Private Investment in Public Equity) for Paya ($250M), Perella Weinberg Partners ($125M), Metromile ($170M), and Payoneer ($300M). This is a standard but vital inclusion in SPAC decks to reassure investors that the deal is backed by seasoned operators.

Slide 15: Exponential User Growth

This is the "hockey stick" slide every investor looks for. It tracks registered users from 2008 to January 2021. The growth is steady but modest for the first decade, reaching 5.6M in 2016. However, the acceleration from 2019 (12.3M) to 2020 (17.5M) and then to 18.7M by January 2021 demonstrates a massive influx of retail interest. The slide also mentions that users have access to a "free virtual account," which serves as a top-of-funnel lead magnet to build user confidence before they commit real capital.

Slide 29: Product Expansion – eToro Money

The "Product Overview" section introduces eToro Money . The slide states that in 2021, the company plans to introduce a debit card to create a "holistic customer experience." Key features highlighted include instant deposit/withdrawal, competitive currency conversion rates, and no withdrawal fees. The visual shows a sleek black Visa debit card and a mobile interface with a balance of $36,524.82. This move is clearly aimed at increasing user retention and capturing a larger share of the user’s financial life beyond just active trading.

Slide 43: Unit Economics and Cohort Stability

This is perhaps the most data-dense slide in the deck. It tracks Accumulated average revenue over time by cohort year (2017-2020). While the 2017 line is a clear outlier due to the "2017 crypto rally," the 2018, 2019, and 2020 lines show a consistent, upward trajectory. The table in the top right shows that Average monthly churn dropped from 2.8% in 2017 to a stable 1.5% in 2018, 2019, and 2020. The company models this 1.5% churn rate to continue through 2025, projecting a month-35 ARPU of $1,138 . This stability is meant to counter the narrative that retail trading platforms are purely cyclical and prone to massive user flight during market downturns.

Slides 50 & 57: The Reality of Risk

As a document intended for public markets, the deck includes a massive "Risk Factors" section. Slide 50 outlines operational risks, noting that results "fluctuate due to market volatility" and that "historical growth rates may not be indicative of our future growth." It specifically mentions the impact of the COVID-19 outbreak on 2020 results. Slide 57 dives into the technical risks of digital assets, including "loss or destruction of a private key," "blockchain forks," and the potential for "smart contract-based digital assets" to fail. The inclusion of 12 full slides of risks is a regulatory necessity but also provides a sobering look at the complexities of running a global, multi-asset trading platform.

What eToro Does Well

The deck excels at balancing high-level vision with deep-dive metrics. By showing the 2017 crypto spike as an outlier on Slide 43, eToro actually gains credibility; they aren't trying to hide the volatility of their past, but rather show how the underlying business has stabilized since then. The clear distinction between "Registered Users" and the path to "Real Capital" (Slide 15) shows a sophisticated understanding of their user acquisition funnel. Furthermore, the transition from a trading app to a "holistic" financial service (Slide 29) provides a clear narrative for future growth that doesn't rely solely on adding more traders.

What is Missing from the Deck

While the deck is 62 slides long, the nine slides provided omit several key areas. There is no specific Team Slide in this selection, which is unusual for a growth-stage company, though the SPAC sponsor's team is mentioned. There is also a lack of Competitor Comparison . While eToro calls itself "Next Generation," it doesn't explicitly show how its fees or social features stack up against Robinhood, Coinbase, or Plus500. Finally, the Unit Economics are shown as revenue per cohort, but the deck (in this selection) does not explicitly state the Customer Acquisition Cost (CAC) , making it difficult to calculate the true LTV/CAC ratio.

What Founders Should Copy

Cohort Analysis: If you have a subscription or recurring revenue model, use a chart like Slide 43. Showing that different yearly cohorts behave similarly proves that your growth is a result of a repeatable process, not just a lucky market moment. · Product Roadmap as Strategy: Don't just list features; show how a new product (like eToro Money on Slide 29) solves a specific business problem (like withdrawal friction) and expands your TAM. · Transparency on Outliers: If your revenue had a massive spike due to a one-time event (like a crypto bull market or a pandemic), label it. Investors will find it anyway; labeling it yourself allows you to control the narrative. · Visual Consistency: The deck uses a limited color palette and clean, professional typography. For a 62-slide deck, this consistency is vital to prevent "investor fatigue."

Frequently asked questions

What is the primary value proposition eToro presents to investors?
eToro positions itself as the 'Next Generation Social Investment Platform.' Unlike traditional brokerages, it emphasizes the community aspect, where 18.7 million users (as of Jan 2021) can connect, learn, and copy trades. The deck argues that this social layer drives higher engagement and lower churn compared to legacy platforms.
How does eToro plan to expand its product ecosystem?
Slide 29 introduces 'eToro Money,' a strategic move to become a holistic financial hub. By launching a Visa debit card, eToro aims to capture more 'share of wallet' through instant deposits, competitive currency conversion, and the removal of withdrawal fees, effectively moving from a trading app to a primary spending account.
What do the cohort metrics reveal about eToro's revenue stability?
Slide 43 shows that while the 2017 crypto rally was a massive revenue outlier, the subsequent cohorts (2018-2020) have shown remarkably consistent growth in accumulated average revenue. Churn has also remained steady at 1.5% for three consecutive years, suggesting a predictable and scalable business model.
Who is the SPAC sponsor and what is their history?
The partner is FinTech Acquisition Corp. V. Slide 08 highlights their deep expertise in the sector, citing successful outcomes like a +90% return for CardConnect and significant upsized PIPEs for other fintech leaders. This slide is intended to build institutional trust in the merger's leadership.
What are the biggest risks identified in the presentation?
The deck is unusually thorough regarding risks. Key concerns include market volatility affecting trading activity (Slide 50), the difficulty of managing rapid growth, and specific digital asset risks like private key loss, blockchain forks, and smart contract failures (Slide 57).
Cover slide of the eToro pitch deck — Public (via SPAC) 2021
eToro pitch deck, slide 1 (2021)

eToro pitch deck: the facts

Company
eToro
Year
2021
Stage
Public (via SPAC)
Slides
62
Sector
FinTech / Social Trading
Deck type
Investor Presentation / SPAC Merger
Outcome
Public Listing
Headquarters
Israel / International

eToro pitch deck PDF

The full eToro deck is embedded on this page and can be read slide by slide in the browser — no download or account required. Each slide is covered in the breakdown above.

What the eToro pitch deck was used for

This deck is eToro’s 62‑slide investor presentation used in March 2021 to announce and market its proposed business combination with FinTech Acquisition Corp. V, a SPAC sponsored by Betsy Z. Cohen and team. It positions eToro as a leading multi‑asset social trading platform transitioning from private to public via a SPAC merger valued at approximately $10.4 billion implied equity value. The presentation is aimed at public market and PIPE investors, highlighting eToro’s rapid user growth (around 18–20 million registered users at the time) and plans to expand into broader, holistic financial services. It also introduces FinTech Acquisition Corp. V’s SPAC track record and the strategic rationale for partnering with eToro as it becomes a listed company on Nasdaq.

Business model: Multi-asset investment and trading platform combining brokerage with a social network that allows users to trade stocks, crypto and other assets, view and copy top traders, and be copied themselves.

Year
2021
Lead investor
FinTech Acquisition Corp. V (SPAC led by Chair Betsy Z. Cohen).
Investors
FinTech Acquisition Corp. V as the SPAC sponsor and merger counterparty., PIPE investors including ION Investment Group, SoftBank Vision Fund 2, Third Point LLC, Fidelity Management & Research C
Founded
2007
Founders
Yoni Assia
Industry
FinTech / Social Trading / Online Brokerage

Round: Public listing via SPAC (proposed business combination, not ultimately completed).

Raising: Proposed business combination and concurrent PIPE financing to support eToro’s transition to a public company on Nasdaq.

Raised: Planned transaction financing included approximately $250 million of cash in trust from FinTech Acquisition Corp. V’s IPO and a $650 million PIPE; these amounts were committed at announcement but the merger was later terminated.

Headquarters: eToro Group Ltd. is headquartered in Israel; the company is described as an Israeli trading platform in multiple reports.

Use of funds as presented: Public materials state that the transaction was expected to provide approximately $800 million net cash on eToro’s balance sheet to support growth initiatives, product expansion, and general corporate purposes as the company scaled its multi‑asset social trading platform.

What happened after the eToro deck

eToro’s 2021 deck supported a proposed SPAC merger with FinTech Acquisition Corp. V valued at approximately $10.4 billion and backed by a $650 million PIPE plus $250 million SPAC cash in trust. Although the transaction advanced to definitive agreement and SEC and investor materials were filed, eToro and FinTech Acquisition Corp. V later mutually agreed to terminate the merger, so the listing descr

What the eToro deck got right

What could have been stronger

How an investor would read this deck

What draws attention

Risks that stand out

Questions this deck invites

What founders can take from the eToro deck

eToro pitch deck: common questions

What is the purpose of eToro’s 2021 SPAC investor presentation deck?

The deck is eToro’s 2021 investor presentation supporting its planned business combination with FinTech Acquisition Corp. V, a special purpose acquisition company (SPAC) led by Betsy Z. Cohen. It was prepared to explain the merger terms, strategic rationale, and growth story to public market and PIPE investors ahead of eToro becoming a publicly traded company.

What does eToro do, according to this deck?

The deck presents eToro as a multi‑asset investment platform and social trading network founded in 2007 that allows users to trade stocks, crypto and global markets, copy top traders, and be copied. It emphasizes rapid growth to roughly 20 million registered users by early 2021 and positions eToro as a community‑driven alternative to traditional brokerages.

What valuation and deal structure does the deck describe for eToro’s SPAC transaction?

The proposed SPAC merger with FinTech Acquisition Corp. V valued the combined company at an implied equity value of about $10.4 billion, reflecting an implied enterprise value for eToro of about $9.6 billion. The transaction terms and valuation are core elements of the deck’s story for investors.

How much capital was associated with the eToro SPAC deal, and who were the key PIPE investors?

The deck highlights that FinTech Acquisition Corp. V raised approximately $250 million in its own IPO cash in trust and that the eToro deal includes a $650 million PIPE (private investment in public equity) from investors such as ION Investment Group, SoftBank Vision Fund 2, Third Point LLC, Fidelity Management & Research Company LLC, and Wellington Management. These figures and investor names are presented as key financing pillars of the transaction.

Did eToro ultimately go public via this SPAC transaction described in the deck?

According to a later press release, eToro and FinTech Acquisition Corp. V mutually agreed to terminate the merger agreement, so eToro did not ultimately complete this specific SPAC transaction and listing as originally planned. The deck therefore reflects the company’s expectations and projections at the time of announcement, not the eventual outcome.

Sources

Funding and outcome facts on this page were researched on 2026-08-22 from the pages below.

eToro pitch deck slides

eToro pitch deck slide 1 of 62
eToro pitch deck — slide 1 of 62
eToro pitch deck slide 2 of 62
eToro pitch deck — slide 2 of 62
eToro pitch deck slide 3 of 62
eToro pitch deck — slide 3 of 62
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eToro pitch deck — slide 4 of 62
eToro pitch deck slide 5 of 62
eToro pitch deck — slide 5 of 62
eToro pitch deck slide 6 of 62
eToro pitch deck — slide 6 of 62

What each slide of the eToro pitch deck says

Slide 2

02 'eToro® Disclaimer Cautionary Statement Regarding Forward-Looking Statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed business combination between FinTech V and eToro, Forward-looking statements may be identified by the use of the words such as " estimate," "plan;" "project," forecast," 'intend," "expect," "anticipate," 'believe," "seek " "strategy," "future," "opportunity," "may," 'target," 'should," will;" 'would," "will be,""will continue," "will likely result," or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Thes…

Slide 3

03 'eToro® Disclaimer The finandialinformation included in this presentation has been taken from or prepared based on eToross historical finanial statements. €Toros historical financial statements have been audited by Ernst & Young in accordance with generally accepted auditing standards n fsrael and prepared in conformity with International Financial Reporting Standards. eToross historical financial statements have not been audited in accordance with the Public Company Oversight Board (PCAOB") standards or prepared in accordance with Regulation S-X promulgated under the Securities Act of 1933, as amended. €Toro cannot assure youthat, had the historical financial information included in thi…

Slide 4

04 'eToro® Our vision Opening the global markets for everyone to trade and invest in a simple and transparent way Our mission Building the world's largest social trading network to empower people to trade and invest in stocks, crypto and global markets, copy top traders and get copied

Slide 5

‘eToro® eToro at a glance $605M 1.2M 1,100 2020 revenue (147% YoY growth) Funded accounts Employees Registered users Funded accounts by region 18.7M 17.5M ® Europe 69% 123M ® Asia Pacific 18% 10.0M 81M | ® Americas 8% 5.6M ® Middle East & Africa 5% | EN EN EN =. we ww 08 9 2m JANZ0Z 05 ) } ’ )

Slide 7

'eToro® Today's Presenters FinTech Acquisition Corp. V Betsy Z. Cohen Chairman of the Board 40+ years experience Chairman of FinTech Acquisition Corp IV and V Previously Chairman of FinTech Acquisition Corp II, and Il Previously CEO and Founder of The Bancorp Bank Daniel G. Cohen Chief Executive Officer 20+ years experience CEO of FinTech V, prior CEO of FinTech Il I, IV Chairman of The Bancorp since its inception James McEntee Ill President 25+years experience President of FinTech IV and V Previously President of FinTech , Il and Iil 07 Director of The Bancorp 'eToro® Yoni Assia Co-founder and Chief Executive Officer Founded eToro in 2007 Fortune 40 under 40 Ronen Assia Co-founder and Exec…

Slide 8

'eToro® Overview of FinTech Acquisition Corp. V Strong strategic partner Leader in the SPAC market @ Sponsor team brings deep expertise in FinTech and financial services sectors @ A pioneer in the evolution of the SPAC structure since 2015 to unlock significant value in partnership with attractive companies seeking to become public Experienced leadership team @ Team with operational and financial experience with an investor lens to complement eToro's Impressive track record cardconnect +90% return ! from IPO to sale to First DatainJu-2017 Source: 1 Public Filings, FactSet @ Consistent track record of impressive shareholder returns across CardConnect, Intermex, and Paya with Perella Weinberg…

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