eToro (NASDAQ: ETOR), a trading and investing platform, released selected business metrics for July and August 2025.The figures follow eToro’s Q2 2025 results, in which revenue rose 26% year-over-year to $207 million while net profits remained at $30 million. The company added 460K funded accounts in Q2, though earnings fell 50% from the previous quarter.Assets and AccountsAssets under Administration reached $19.7 billion in August, up 77% year-over-year and above Q2’s $17.5 billion. Funded accounts rose to 3.69 million, a 15% increase from the same period last year and slightly higher than 3.63 million at the end of Q2.Trading ActivityCapital Markets and ECC recorded 87.7 million trades over the two months, up 3% year-over-year. The average invested amount per trade was $273, a 4% increase. Crypto trading recorded 10.7 million trades, up 49% year-over-year, with an average trade size of $345, a 96% increase from the prior year.You may find it interesting at FinanceMagnates.com: eToro Lets Users Buy, Sell, and Convert USDC Following Nasdaq Debut.Interest Earning Assets reached $7.5 billion, up 46% year-over-year. Total money transfers over the two months amounted to $1.8 billion, a 50% increase from the previous year.eToro Expands Nordic Stocks Access, Offers Cash InteresteToro expanded its partnership with Nasdaq to provide clients with real-time access to more than 210 stocks listed on Nasdaq’s Nordic exchanges in Stockholm, Helsinki, and Copenhagen. The platform allows global investors to trade local stocks in local currencies and builds on eToro’s existing U.S. equity data partnership. Separately, eToro announced it will pay up to 4.3% annual interest on cash held in trading accounts. Rates are tiered for European and other users. Interest is calculated daily and credited monthly, with funds available for trading or withdrawals. The move aligns eToro with other retail brokers offering similar features. This article was written by Tareq Sikder at www.financemagnates.com.

British fintech Revolut has started allowing employees to sell shares at a $75 billion valuation, marking a significant jump from last year's $45 billion price tag as the company weighs acquisition opportunities in the United States.Revolut Launches $75 Billion Secondary Share Sale as Growth Plans Take ShapeThe secondary share sale values each share at $1,381.06, according to an internal memo seen by Bloomberg. Staff can sell up to 20% of their holdings in the transaction, which has already attracted interest from both new and existing investors.The latest valuation puts Revolut above the market capitalization of traditional lender Barclays, though the comparison involves private versus public market pricing. For Revolut, the sale continues a pattern of using secondary transactions to provide employee liquidity while avoiding the public markets."As part of our commitment to our employees, we regularly provide opportunities for them to gain liquidity," a Revolut spokesperson said. "An employee secondary share sale is currently in process, and we won't be commenting further until it is complete."US Banking License in FocusThe share sale comes as Revolut explores its next major expansion push. The company has been talking to investment bankers about potentially acquiring a US lender to fast-track its American growth, rather than going through the lengthy process of applying for its own banking license.Revolut shelved a US banking license application in 2021 and has since operated through partner banks. Now, with President Donald Trump's administration signaling a more accommodating stance toward financial deregulation, the company sees an opening.The fintech plans to launch US savings products in the coming weeks and has ramped up marketing spending, including offering free subway rides to New Yorkers. Getting a banking license through acquisition would let Revolut offer loans and other services directly to American customers.The US push reflects lessons learned from Revolut's protracted UK licensing process. The company spent more than three years securing its British banking permit and remains under strict regulatory oversight even now.Chief Executive Nik Storonsky acknowledged the misstep, saying "for a long time I wanted to be as less regulated as possible, it was the completely wrong decision."Global Footprint and Compliance IssuesRevolut's global ambitions haven't been without challenges. Australian financial crimes agency AUSTRAC fined the company's local unit AU$187,800 for late submission of compliance reports under anti-money laundering laws.The penalty highlights the compliance burden facing fintechs as they expand across multiple jurisdictions. Revolut self-reported the violations and cooperated with regulators, according to AUSTRAC."These are the real-life consequences of failures to report," said AUSTRAC CEO Brendan Thomas. "Remittance services are attractive to money launderers and other types of criminals because they can move funds cheaply and quickly across borders."The Australian fine represents a relatively small cost for Revolut, which reported £3.1 billion in revenue last year, up 72%. The company now serves more than 60 million customers globally, surpassing HSBC's customer count in 2024.Revolut has secured banking licenses in Mexico and Lithuania and is pursuing permits in France and New Zealand. The company has also made acquisitions, including Argentina's Banco Cetelem from BNP Paribas as part of its Latin American expansion.Fintech Liquidity TrendsThe secondary sale reflects broader trends in the private fintech market. With IPO activity remaining sluggish, companies like Stripe have turned to employee share sales to provide liquidity. Stripe completed a similar transaction in February at a $91.5 billion valuation.Last year's Revolut secondary sale was led by US investors Coatue, D1 Capital Partners and Tiger Global. CEO Storonsky sold about $250 million of his stake in that roughly $500 million transaction.Molten Ventures, which holds Revolut as its largest position at just over 10% of its portfolio, saw its shares gain as much as 5.7% after news of the secondary sale broke.The latest valuation comes as European fintechs show renewed confidence. Sweden's Klarna has been considering resuming plans for a New York IPO, signaling improved investor sentiment toward the sector.For Revolut, the $75 billion price tag represents validation of its rapid growth strategy, even as regulatory challenges persist across its global operations. This article was written by Damian Chmiel at www.financemagnates.com.

The London-listed fintech Fiinu (LSE: BANK) secured £1.41 million in fresh funding through agreements to issue 9.4 million new shares at 15 pence each, the company announced today (Tuesday). It is issuing the new shares to institutional and other investors following market demand. The funds will boost working capital as Fiinu continues developing its Plugin Overdraft technology.Fiinu Secures £1.4M to Fund Working Capital GrowthA major chunk of the fundraise comes from QVP, a Luxembourg-based investment fund that backs businesses across Europe. The fund has been particularly active in Poland and focuses on helping companies scale internationally.The 15-pence share price represents a 50% jump from Fiinu's August fundraising connected to its takeover of Polish forex brokeerage Everfex. That deal, announced last month, saw Fiinu pay £12 million for the brokerage in a move CEO Dr. Marko Sjoblom described as "a significant step forward".From Banking License to Tech PlatformFiinu has been busy reshaping itself after surrendering its UK banking license in 2023. The company now concentrates on banking technology, particularly its Plugin Overdraft platform that lets consumers access overdraft credit through their existing bank apps without switching accounts.The latest funding follows a £1.25 million raise in February, when Fiinu issued 12.5 million shares at 10 pence each to develop its Plugin Overdraft as a white-label service. That deal showed how the company has steadily increased its share price through successive fundraises.Market Response and Trading UpdateTrading in Fiinu shares resumed in late August after being suspended during the Everfex acquisition process. The stock had climbed 31% to 18.66 pence by that point, up sharply from less than a penny twelve months earlier.The new shares will trade alongside existing ordinary shares once they're admitted to AIM, expected around September 17. Fiinu received shareholder approval for the share issuance at its annual meeting in June.Fiinu's ambitious plans include targeting the UK's 29 million potential retail customers who might add Plugin Overdraft to their bank accounts. The company is also developing banking-as-a-service applications for third-party financial institutions. This article was written by Damian Chmiel at www.financemagnates.com.

Australia’s financial crimes agency, AUSTRAC, has fined the local arm of British fintech giant Revolut AU$187,800 (almost US$123,000) for the late submission of compliance reports.A Proper Handling of Late Reporting?Announced today (Tuesday), Revolut self-disclosed failures to submit international funds transfer instructions within the timeframe required under local anti-money laundering laws.“Revolut has been cooperative with AUSTRAC and paid the infringement notice in full,” said AUSTRAC’s CEO, Brendan Thomas, noting that Revolut identified the issue and took prompt steps to submit its reports and strengthen its controls.“These are the real-life consequences of failures to report, and it’s why failures need to have regulatory consequences, even where reporting entities detect, disclose and report the breaches.”Revolut’s Australian DreamRevolut primarily offers remittance services under its Australian unit. The British fintech entered Australia in 2019 when it opened its Melbourne office.The Australian CEO of Revolut earlier revealed that the fintech was considering applying for a banking licence in the country. However, those plans may have been shelved, as no updates have been provided since.Founded in 2015, Revolut first emerged as a challenger bank and was granted a UK banking licence last year after a three-year delay. In the EU, it operates under a Lithuanian licence.The company has also secured a banking licence in Mexico and is seeking one in New Zealand. In addition, it has pledged to invest over €1 billion (US$1.1 billion) in France, where it intends to apply for a banking licence.“Remittance services are attractive to money launderers and other types of criminals because they can move funds cheaply and quickly across borders,” Thomas added. “We take late reporting seriously because timely reports are critical to help us detect and disrupt financial crime – to strike while the iron is hot.”AUSTRAC’s PrioritiesAUSTRAC has also tightened regulations on payment platforms in 2024.“The risks in this sector are high and they are consistent,” said AUSTRAC’s CEO.Earlier this year, AUSTRAC announced that it had taken action against 13 remittance and digital currency exchange providers while investigating more than 50 other such firms.Meanwhile, the agency recently raised serious concerns about the local arm of Binance’s anti-money laundering and counter-terrorism financing (AML/CTF) controls and ordered the company to appoint an external auditor. This article was written by Arnab Shome at www.financemagnates.com.

Wise is considering applying for a banking licence in the United Kingdom. According to The Times, the company has approached senior figures in the financial sector in recent months regarding roles linked to a potential banking business.Meanwhile, Wise has applied to the U.S. Office of the Comptroller of the Currency for approval to establish a national trust bank in Austin, Texas. If approved, this would allow the firm to settle U.S. dollar transactions directly with the Federal Reserve. The move would reduce its reliance on intermediary banks and support its plan to shift its primary stock listing to the United States.UK Banking Ambitions Still at an Early StageThe plans for UK banking license remain at an early stage. Wise is already a clearing member of the UK’s high-value payments network, Chaps. You may find it interesting at FinanceMagnates.com: Business Transfers Boom at Wise, but Personal Accounts Still Dominate.A banking licence would give the company the ability to pay direct interest on electronic money, providing an alternative to yields generated from money market funds or investment portfolios.$14.9bn remittance giant, @Wise is said to be exploring a UK Banking Licence. On the surface, this is a logical infrastructure move.But I think it could position them to win at stablecoins too.Here's my thinking... pic.twitter.com/ltJoy8AySq— Simon Taylor (@sytaylor) September 1, 2025The company has been investing in infrastructure to gain direct access to payment systems in major markets. According to Wise, its longer-term goal is to process more than £1 billion in transactions and move trillions of pounds globally.Wise Plans US Primary Listing ExpansionWise plans to make its primary listing in the United States while retaining a UK presence. For the year ended March 31, the firm reported a 23% rise in transaction volumes to £145.2 billion and served 15.6 million customers, up 21%. Revenue increased 15% to £1.2 billion, with underlying profit before tax rising 17% to £282.1 million. The US listing aims to broaden investor access and support strategic growth. This article was written by Tareq Sikder at www.financemagnates.com.

Finance Magnates Intelligence has published its SeptemberCompliance Report, now available for free download. This monthly report has become a vital resource for compliance leaders, brokers, fintech companies, and payment providers seeking clear guidance on regulatory changes that impact their businesses.The September edition examines two critical issues at the crossroads of regulation, technology, and finance:MiCA Meets PSD2: A New Challenge for Crypto ExchangesThe overlapping scope of MiCA and PSD2 is creating unexpected burdens for crypto exchanges in the European Union. The report identifies key grey areas in licensing, custody, and transaction handling, and provides actionable steps to prevent falling into compliance gaps.The EU AI Act: What Firms Must Do NowWith the AI Act officially in force, financial institutions using general-purpose AI face new governance, risk control, and penalty obligations. Since August 2, 2025, compliance requirements are binding. The report breaks down immediate priorities for brokers, vendors, and fintech firms building with AI.Additionally, the Spotlight On section reviews the European Supervisory Authorities’ latest commentary on oversight practices, providing valuable context for firms adapting to digital finance regulations.Why Download the Report?It’s free: Open access to essential compliance updates.It’s practical: Insights focus on how regulation affects real operations.It’s timely: Each month delivers the most pressing changes you need to know.“Our mission is to help financial firms translate complex regulation into strategic clarity,” said the Finance Magnates Intelligence Team. “This edition is packed with insights that compliance leaders cannot afford to miss.”The September Compliance Report is available now for free. This article was written by FM Contributors at www.financemagnates.com.

eToro has added USD Coin, a fiat-backed stablecoin. USDC is created by Circle and Coinbase through the Centre Consortium. Each token is designed to maintain a 1:1 peg with the U.S. dollar, with reserves held by the issuer.This addition follows eToro’s Nasdaq listing and its other initiatives in the crypto space.USDC for Fast, Low-Cost Transfers Across BlockchainsUSDC operates across multiple blockchains, including Ethereum. It allows fast and low-cost transfers without the limitations of banking hours or international fees.eToro users can now buy and sell USDC on the platform. They can also convert USDC to fiat and, where available, withdraw it to the eToro Money Crypto Wallet.Analysis Highlights Growing Role of Retail InvestorseToro has expanded its offerings to provide broader access to retail trading. In January this year, the platform partnered with Stocktwits to integrate its community, offering additional tools and insights for investors globally.You may find it interesting at FinanceMagnates.com: eToro Becomes First Non-Nordic Broker to Offer Nasdaq Nordic Stocks in Real Time.In March, it released an analysis addressing the perception that individual investors are prone to impulsive trading, noting that retail investors are increasingly active participants in global markets.eToro Becomes Official Trading Partner of Nottingham ForestMeanwhile, eToro has signed a multi-year agreement to become the Official Trading Partner of Nottingham Forest FC for the 2025/26 season, covering both the men’s and women’s teams. The deal builds on eToro’s existing sports partnerships, including Crystal Palace, Everton, West Ham United, and Premiership Women’s Rugby. Branding will feature across the City Ground and digital channels, with co-branded content and fan engagement initiatives. According to eToro, the partnership reflects firm’s strategy to support gender equality in sports and finance, while leveraging sponsorships as a cost-effective way for retail trading platforms to engage fans. This article was written by Tareq Sikder at www.financemagnates.com.