eToro Reaches Agreement to Acquire Argentine Financial App LB Finanzas
eToro announced that it has reached an agreement to acquire Argentine financial app LB Finanzas, with the transaction still subject to customary closing conditions.
Founded in Rosario in 2018, LB Finanzas offers investment services, peso and U.S. dollar accounts, and payment services. The acquisition positions Argentina as a regional hub for Latin America. For existing customers, services will remain unchanged for now; product and scale expansion are planned for the future.
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