Wednesday, June 9, 2010

ISV gains cash injection to make playing the stock markets fun

Israel startup, eToro, has been given a cash injection to the tune of $US2.4 million.

This round of investment comes from Social Leverage, an investment organisation founded by Howard Lindzon. It follows previous investments worth more than $US8 million since eToro was founded in 2007.

eToro is responcible for Forex, designed as an streamlined investment portal with the ability to trial with imaginary money first. Headed by CEO Jonathan Assis the company has 120 employees across Israel, the US, Cyprus and Australia. To date $100 billion has been traded through the portal to date, Assis has claimed.

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