eToro buys crypto wallet provider Zengo in estimated USD70m deal
In a deal between two Israeli fintech companies, online trading platform eToro signed an agreement to acquire self-custodial crypto wallet provider Zengo for an estimated USD 70 million.
The transaction marks eToro’s first acquisition since its IPO last year, and is set to broaden its digital asset capabilities alongside its existing platform for trading securities and cryptocurrencies, adding self-custody wallet functionality to its offering.
Meitar represented eToro, led by Dan Shamgar, Jonathan Irom, Matthew Rudolph, Yuval Cohen, Roee Hasid, Neta Fuhrmann (Hassidim), Naor Kolisher, Michael Haberman, Yuval Sasson, Dr. Shimrit Itay-Horev, Zohar Eliezri, David Rosenthal, Noa Knaani, Dana Yagur, Tal Weintroib, Dr. Michael Bricker, Noa Haimi Cohen, David Mirchin, Roey Lamdan, Ariel Rakover, Liel Smelanski, Ignacio González, Orly Calderon, Tali Yavin – Surasky, and Tamir Shenhav.
Pearl Cohen advised Zengo, with a team of Guy Lachmann, Arthur Brusilov, Ido Barzilay, Noa Gal Or, Noam Yahav, Noam Ashkenazi, Hili Rashkovan, Or Cohen, and Doron Mutai.
