Report: Ping An And Sberbank Invest In eToro

November 23, 2014 | According to reports, the social trading network eToro is set to receive funding from Ping An, a Chinese insurance group, and Sberbank Bank from Russia. “The Wall Street Journal” reported that the firm expected to raise $15 million, following an earlier funding round from Spark Capital and BRM Capital that raised $31.5 million. Also participating in the $15 million round is SBT Venture as well as existing investors, though the amount has yet to be finalized. With the funds, eToro is expected to expand its operations into China and Russia by providing the online trading platform through Ping An and Sberbank. eToro was founded in 2007 and is headed by CEO and co-founder Yoni Assia.