eToro launches a portfolio offering exposure to companies that are at the forefront of the fintech revolution

eToro, a trading and investment platform, today announced the launch of its Fin-Tech portfolio, offering individual investors long-term exposure to companies that are at the forefront of the fintech revolution.

Fin-Tech wallet now available

The fintech industry, which is expected to reach a market capitalization of $2030 trillion by 1,5, has taken the traditional financial industry by storm. It refers to the use of innovative technologies to streamline and automate the provision and use of financial services by providing new ways of doing things, such as money transfers, mobile check deposits, loans peer-to-peerdigital insurance and trading and investing. Responds to customer needs “unbanked” or insufficiently "banked", often overlooked by traditional banks, providing them with access to products and services previously unavailable to them.

Possibly one of the most disruptive trends of the XNUMXst century, fintech offers an interesting diversification opportunity for investors as it combines the strength of an ever-growing tech industry with the stability of more traditional financial institutions - he explained Dani Brinker, head of investment portfolios at eToro.

The new wallet offers users a carefully selected mix of top companies across industries in the fintech ecosystem, including paytech, insurtech, digital banking and trading. As a fintech company, we are happy to give our users the opportunity to invest in companies on a mission to open up global financial markets - adds Brinker.

40 leaders from the Fin-Tech industry

To create the Fin-Tech portfolio, eToro's team of investment experts handpicked 40 fintech companies that are leading the fintech revolution, taking into account several factors, including market capitalization, liquidity parameters and analyst ratings. Initial allocation includes Block, Lemonade, Adyen, and Xero, plus new players like Stone, Nexi, and SoFi (full list here), and will be balanced every year.

Fin-Tech is a new addition to the existing offering traditional eToro financial portfoliossuch as InsuranceWorld, Private Equity, The Big Banks, Real Estate Trusts. eToro's smart wallets offer traders exposure to a variety of market topics. Combining several assets under a specific methodology and using a passive investment approach, eToro smart wallets are long-term investment solutions that offer diversified exposure with no management fees.

Initial investment starts at $500 and traders can access tools and charts to follow portfolio performance while eToro's social feed will keep them updated on developments in the sector. For now, this wallet is not available to US users.