eToro reported its first full-year results since becoming a publicly listed company, posting net contribution of $868 million, up 10% year over year. GAAP net income climbed 12% to $216 million amid growth in stocks, derivatives and savings products.Adjusted EBITDA rose to $317 million, while crypto income declined from 2024 levels due to lower retail trading volumes and reduced market volatility. Following the announcement, shares jumped about 10% in early trading as investors welcomed the results and earnings growth despite the crypto slowdown.Crypto, Stocks, ISA Expansion Drive GrowthLast year, eToro expanded access to 25 stock exchanges and grew its crypto offering to over 150 assets. The company also launched stock margin trading, expanded derivatives, and grew UK ISA and Australian savings products.About the expansion, CEO Yoni Assia said, “We became a publicly traded company and significantly advanced the build-out of our global financial super-app.” He added that the company is expanding AI-powered tools and 24/7 access to select assets.In the fourth quarter, net contribution fell 10% to $227 million, while GAAP net income rose 16% to $69 million. Funded accounts grew 9% to 3.81 million, and assets under administration reached $18.5 billion.According to CFO Meron Shani, “(the) fourth quarter results reflect the strength and resilience of our multi-asset business model.”Share Buyback Program Increased $100MeToro also increased eToro Money accounts and transaction volumes as part of its neo-banking expansion. Partnerships were launched with BWT Alpine Formula 1 and Gemini Space Station Inc to expand brand reach and migrate customers onto the platform.The company increased its share repurchase program by $100 million, bringing total remaining authorization to $150 million, including a planned accelerated buyback of $50 million.Brokerage Workforce Reductions Follow Industry TrendAlongside its expansion and buyback program, eToro is reducing approximately 7% of its global workforce. Assia said the move is intended to “ensure we are correctly sized to meet our business needs and support our long-term growth strategy.” The reduction could affect over 100 employees, though details on roles or locations have not been disclosed. Workforce reductions are not uncommon in the brokerage sector. In recent years, other operators including IG Group, CMC Markets, and FXCM/Tradu have also reduced staff, sometimes citing technology or automation as factors. This article was written by Tareq Sikder at www.financemagnates.com.

The all-in-one financial app Maya joins a growing list of Southeast Asian fintechs looking past their home markets for capital. The timing and size of the offering could still change as the company gauges market conditions, according to Bloomberg.The fintech operates a full-service digital banking platform where users can buy stocks and cryptocurrencies, earn interest on savings, send payments, and manage debit and credit cards. According to the most recent annual report, Maya's digital bank served 5.4 million customers and disbursed 68 billion pesos ($1.2 billion) in loans during 2024.Rough Waters for New ListingsMaya's IPO plans come at a difficult moment for companies trying to go public. Several firms have pulled or downsized their US listings in recent weeks after investors pushed back on valuations. Wall Street broker Clear Street postponed its IPO in mid-February after slashing its fundraising target by 65 percent, citing market conditions. Blackstone-backed Liftoff Mobile similarly delayed its New York listing following a selloff in software stocks.Brazilian fintech Agibank managed to complete its US debut this month, but only after cutting both its deal size and price range by more than half. The stock promptly fell 15 percent from its offer price.Goldman Sachs analysts expect the number of IPOs to double to 120 this year, but warned that volatility and valuation scrutiny remain significant headwinds. Companies with exposure to fintech and crypto face additional skepticism. even those that made it to market have struggled, with trading platform eToro down roughly 60 percent since its Wall Street debut nearly a year ago.Regional Rivals Taking Different RoutesMaya isn't the only Philippine fintech weighing its options. GCash, its main competitor in the digital payments space, postponed a planned Manila IPO to the second half of 2026. The country's securities regulator has proposed relaxing free-float requirements to attract larger companies to the local exchange, which has underperformed regional benchmarks.The MSCI Philippines Index gained just over 12 percent in the past year, trailing the broader MSCI AC Asia Pacific Index. That performance gap has pushed some Filipino companies to consider overseas listings. Fast food chain Jollibee Foods said it plans to list its international business in the United States, while other Southeast Asian firms are eyeing Hong Kong for share sales.From Payments to Full-Service BankingMaya started as PayMaya, a mobile wallet for QR code payments and money transfers. The company has since built out a regulated digital bank that offers savings accounts with interest rates reaching 15 percent annually, instant loans of up to 250,000 pesos for consumers and 2 million pesos for small businesses, and investment products including cryptocurrencies like Bitcoin and Ethereum alongside mutual funds.The company is backed by Philippine telecom giant PLDT and a roster of international investors including KKR, Tencent, and the World Bank's International Finance Corporation.The platform uses transaction data and AI-driven credit scoring to approve loans without traditional collateral requirements, a model that has resonated in a country where formal banking penetration remains low. About 70 percent of Maya's customers live outside Metro Manila, where the company has seen particularly strong growth in lending and savings activity. This article was written by Damian Chmiel at www.financemagnates.com.