Speaker 1: As we joined now by e Toro's CEO, Sayni For
Speaker 1: both Caroline and I, it's a little bit of a
Speaker 1: sort of full circle story because I'd say over the
Speaker 1: last decade or more, e Toro is a company we've
Speaker 1: probably most consistently talked about. Finally you've gone public. Actually,
Speaker 1: when share started trading it was well above fifty two bucks.
Speaker 1: How does that feel for you?
Speaker 2: It's an amazing feeling, you know. The last two weeks
Speaker 2: on the road show, being inside capital markets here in
Speaker 2: the US, now listing on ASDEK a super exciting journey.
Speaker 2: Eighteen years in the making of building Etro, the world's
Speaker 2: largest social investment in network canal. Our customers can tread
Speaker 2: e Toro on ittorro.
Speaker 1: Educate the audience that doesn't necessarily know about it. Toro,
Speaker 1: what is the proportion of stock activity on the platform
Speaker 1: versus say crypto? What is the mainstay of your business?
Speaker 2: So we're doing both. Customers today on Eitorro can trade
Speaker 2: stocks from over twenty different capital markets as well as
Speaker 2: more than one hundred and thirty different crypto assets. We
Speaker 2: started the business in Europe and the UK. Our largest
Speaker 2: markets spend into Asia, UAE and now the US as well,
Speaker 2: and our customers when they trade, they share of their
Speaker 2: trading activity, and you can actually see the portfolios in
Speaker 2: the trek record of our customers, and you can automatically
Speaker 2: copy the most successful investors on the platform. So it's
Speaker 2: not only about trading yourself, both crypto and stocks. It's
Speaker 2: about being able to see others that are successful and
Speaker 2: copy them automatically. And the ratio between stocks and crypto
Speaker 2: changes in market dynamics. Last year, twenty five percent of
Speaker 2: total net contribution was actually crypto trading activity. Years when
Speaker 2: crypto was in a will run like before, sometimes it's
Speaker 2: up to sixty two percent. It really changes with the markets.
Speaker 3: We keep comparing you to Robin Hood and at the moment,
Speaker 3: I mean you have a social nature of course, if
Speaker 3: you are spelling out in the way that you can
Speaker 3: copy those and invest like them. But with Robin Head
Speaker 3: at a fifty two billion market cap and yourself at
Speaker 3: a five billion as it currently stands, how do you
Speaker 3: close that gap? How do you show that you're more
Speaker 3: closing terms of competitors?
Speaker 2: I think eventually a lot of great companies are aiming
Speaker 2: at a very very big opportunity, which is the largest
Speaker 2: generational transformation of wealth in history. Eighty four trillion dollars
Speaker 2: here in the US are going to move from older
Speaker 2: generations to younger generations. In Europe not that far behind,
Speaker 2: sixty trillion dollars are going to move from older generations
Speaker 2: to younger generations. And I believe that our generation expects
Speaker 2: to trade, invest, and save in a digital native solution.
Speaker 2: And we're providing more than just the ability to trade
Speaker 2: directly in the markets through the copy trading pattern of technology.
Speaker 2: We provide people to automatically copy top investors from all
Speaker 2: around the world, as well as more than one hundred
Speaker 2: different smart portfolios, where we actually have our own chief
Speaker 2: investment office with sixteen market analysts across the globe who
Speaker 2: help our customers basically find portfolios like Thematics driverless cars.
Speaker 2: We're just launching our also market neutral strategies, learning from
Speaker 2: the hedge funds I met here in New York. So
Speaker 2: we're able to create more than just self directed trading,
Speaker 2: but actually the entire world of investments through smart portfolios
Speaker 2: and copy trader.
Speaker 3: And that's as the business model MATURESI it's interesting that
Speaker 3: you sort of said you've got yourself to a more
Speaker 3: mature state than back in say twenty twenty one, when
Speaker 3: you were looking at going public, Viris back, just tell
Speaker 3: us how different it looks now. What happened then to
Speaker 3: make you push to go for an IPO this time?
Speaker 2: I think you know. We call twenty twenty two the
Speaker 2: year of education. A lot of our customers learned that
Speaker 2: markets don't always go up. And we were focused initially
Speaker 2: in twenty two only one really growth at all costs strategy,
Speaker 2: very sort of VC minded, let's just spend money to grow.
Speaker 2: And I think what twenty twenty two taught us is
Speaker 2: to change our strategy to profitable growth. And we've significantly
Speaker 2: scale up profitability in ittro with more than three hundred
Speaker 2: million dollars of adjusted to beta profit. So I think
Speaker 2: that's the significant transition that we've done, is a private
Speaker 2: market bring us to profitable growth, which is a strategy
Speaker 2: that I believe is more fit to public markets.
Speaker 3: There was a lot of demand and now we see
Speaker 3: a lot of more IPO sideline waiting companies wanting to
Speaker 3: follow your tracks. Johnny Asia, it's great to have you
Speaker 3: back on the show. CEO v Toro, thank you