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Leaked images show investment startup eToro launching card services - Business Insider

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Leaked memo reveals that $800 million investment startup eToro is launching a debit card to take on Europe's challenger banks

London-based investment platform eToro is planning to launch a debit card in 2020 to expand its services.

Founded in 2007, eToro allows users to trade a variety of assets including currencies, stocks, commodities, and cryptocurrencies and also has a social function. Stock-trading platforms have been rising in popularity in the UK and Europe with companies like Freetrade and challenger bank Revolut offering similar services.Images and emails seen by Business Insider indicate that eToro is planning to launch a debit card in the middle of Q2 2020 to extend its products and services.eToro's card could allow users to transfer funds from a wallet to a debit card.

Investors in eToro's latest round, a Series E funding in 2018, included China Minsheng Financial, with SBI Group and Korea Investment Partners, among others. Last month,

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