Filed by eToro Group Ltd.
Pursuant to Rule 425 under
the Securities Act of 1933
and deemed filed pursuant
to Rule 14a-12
under the Securities Exchange
Act of 1934
Subject Company: FinTech
Acquisition Corp. V
Commission File No.: 001-39760
Date: December 21, 2021
eToro reports preliminary fourth quarter 2021
key performance indicators pointing to continued strong growth
New York, December 21, 2021 - eToro Group
Ltd (“eToro”, the “Company” or “we”), the leading social investment platform, today announced preliminary
fourth quarter 2021 key performance indicators (“KPIs”) pointing to total commissions of approximately $1.2 billion for the
full-year 2021, representing more than 100% year-over-year growth.
Based on the current operating environment, we
anticipate the following select business results for the quarter ending December 31, 2021:
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Total commissions of between $285 million and $295 million, compared to $222 million in Q3 2021
and $164 million in Q4 2020;
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Total registered users of approximately 27 million at December 31, 2021, and approximately 2.1
million new registered users in Q4 2021 compared to 1.6 million new registered users in Q3 2021 and 1.6 million new registered users
in Q4 2020; and
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Approximately 2.4 million funded accounts at December 31, 2021, compared to 2.1 million funded
accounts as of September 30, 2021 and 1.0 million funded accounts as of December 31, 2020
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Yoni Assia, CEO and Co-founder of eToro,
commented: “Our preliminary fourth quarter 2021 financial metrics show continued strong growth and demonstrate that we are executing
very well on our business plan. Our fourth quarter 2021 preliminary results point to full-year 2021 total commissions of approximately
$1.2 billion, representing more than 100% year-over-year growth. We continue to see a strong increase in the number of users engaging
with our platform across our global footprint and are very excited for what lies ahead in 2022 and beyond.”
eToro’s latest Investor Presentations can
be viewed on eToro’s Investor Relations page.
Contacts
Public relations
PR@etoro.com
Investor relations
investors@etoro.com
About eToro
eToro is a multi-asset investment platform that
empowers people to grow their knowledge and wealth as part of a global community of successful investors. eToro was founded in 2007 with
the vision of opening up the global markets so that everyone can trade and invest in a simple and transparent way. Today, eToro is a
global community of more than 24 million registered users who share their investment strategies
(as of September 30, 2021); and anyone can follow the approaches of those who have been the most successful. Due to the simplicity of
the platform users can easily buy, hold and sell assets, monitor their portfolio in real time, and transact whenever they want. https://www.etoro.com/
About FinTech Acquisition Corp. V
FinTech Acquisition Corp. V is a special purpose
acquisition company led by Betsy Z. Cohen as Chairman of the Board, Daniel G. Cohen, as Chief Executive Officer and James J. McEntee,
III as President formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination with one or more businesses, with a focus on the financial technology industry. The company raised $250,000,000
in its initial public offering in December 2020 and is listed on the NASDAQ under the symbol “FTCV”.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains certain forward-looking
statements within the meaning of the federal securities laws with respect to the proposed business combination between FinTech Acquisition
Corp. V (“FinTech V”) and eToro, and the business and operations of eToro. Forward-looking statements may be identified by
the use of the words such as “estimate,” “plan,” “project,” “forecast,” “intend,”
“expect,” “anticipate,” “believe,” “seek,” “strategy,” “future,”
“opportunity,” “may,” “target,” “should,” “will,” “would,” “will
be,” “will continue,” “will likely result,” or similar expressions that predict or indicate future events
or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements
as to the expected timing, completion and effects of the proposed business combination, eToro’s present and future plans for its
business and operations and eToro’s expectations as to market results and conditions; are based on various assumptions, whether
or not identified in this press release, and on the current expectations of eToro’s and FinTech V’s management; are not predictions
of actual performance; and are subject to risks and uncertainties. These forward-looking statements are subject to a number of risks and
uncertainties, including but not limited to: the risk that the proposed business combination may not be completed in a timely manner or
at all; the failure to satisfy the conditions to the consummation of the proposed business combination; the occurrence of any event, change
or other circumstance that could give rise to the termination of the proposed merger agreement; the amount of redemption requests made
by FinTech V’s public stockholders; the effect of the announcement or pendency of the proposed business combination on eToro’s
business; risks that the proposed business combination disrupts current plans and operations of eToro; potential difficulties in retaining
eToro customers and employees; eToro’s estimates of its financial performance; changes in general economic or political conditions;
changes in the markets in which eToro competes; slowdowns in securities trading or shifting demand for security trading product; the impact
of natural disasters or health epidemics, including the ongoing COVID-19 pandemic; legislative or regulatory changes; the evolving digital
asset market, including the regulation thereof; competition; conditions related to eToro’s operations in Israel; risks related to
data security and privacy; changes to accounting principles and guidelines; potential litigation relating to the proposed business combination;
the price of eToro’s securities may be volatile; the ability to implement business plans, and other expectations after the completion
of the proposed business combination; and unexpected costs or expenses. The foregoing list of factors is not exhaustive. You should carefully
consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of FinTech V’s
registration statement on Form S-1 (File No. 333-249646) (the “Form S-1”), eToro’s registration statement on Form F-4
(File No. 333-259189) (the “Form F-4”) and other documents if and when filed by eToro or FinTech V from time to time with
the SEC. If any of these risks materialize or our assumptions prove incorrect, actual events and results could differ materially from
those contained in the forward-looking statements. There may be additional risks that neither eToro nor FinTech V presently know or that
eToro and FinTech V currently believe are immaterial that could also cause actual events and results to differ. In addition, forward-looking
statements reflect eToro’s and FinTech V’s expectations, plans or forecasts of future events and views as of the date of this
press release. eToro and FinTech V anticipate that subsequent events and developments will cause eToro’s and FinTech V’s assessments
to change. While eToro and FinTech V may elect to update these forward-looking statements at some point in the future, eToro and FinTech
V specifically disclaim any obligation to do so, unless required by applicable law.
No Offer or Solicitation
This press release is not a proxy statement or
solicitation or a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination and
shall not constitute an offer to sell or exchange, or a solicitation of an offer to buy or exchange, the securities of eToro, FinTech
V or the combined company, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, sale or exchange
would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Additional Information about the Business Combination
and Where to Find It
eToro submitted its Form F-4 to the SEC on August
31, 2021, and filed amendments on September 20, 2021, October 5, 2021, November 3, 2021, November 12, 2021, and November 15, 2021 which
include a preliminary proxy statement/prospectus that is both the proxy statement to be distributed to FinTech V stockholders in connection
with the solicitation of proxies for the vote by the stockholders on the merger and the prospectus to be delivered by FinTech V in connection
with the distribution of its securities to such holders. After the registration statement has been filed and declared effective, FinTech
V will mail a definitive proxy statement / prospectus to its stockholders as of the record date established for voting on the proposed
business combination and the other proposals regarding the proposed business combination set forth in the proxy statement. eToro or FinTech
V may also file other documents with the SEC regarding the proposed business combination. Before making any voting or investment decision,
investors and security holders are urged to carefully read the entire registration statement and proxy statement / prospectus and any
other relevant documents filed with the SEC, and the definitive versions thereof (when they become available and including all amendments
and supplements thereto).
Investors and security holders will be able to
obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be
filed with the SEC by eToro or FinTech V through the website maintained by the SEC at www.sec.gov.
Participants in the Solicitation
eToro and FinTech V and their respective
directors and executive officers may be deemed to be participants in the solicitation of proxies from stockholders of FinTech V in
connection with the proposed business combination under the rules of the SEC. FinTech V’s stockholders, eToro’s
shareholders and other interested persons may obtain, without charge, more detailed information regarding the names, affiliations
and interests of directors and executive officers of eToro and FinTech V in FinTech V’s Quarterly Report on Form 10-Q for the
quarter ended September 30, 2021, filed with the SEC on November 10, 2021, FinTech V’s Annual Report on Form 10-K for the year
ended December 31, 2020, filed with the SEC on March 30, 2021 or eToro’s Form F-4, as applicable, as well as their other
filings with the SEC. Other information regarding persons who may, under the rules of the SEC, be deemed the participants in the
proxy solicitation of FinTech V’s stockholders in connection with the proposed business combination and a description of their
direct and indirect interests, by security holdings or otherwise, will be included in the preliminary proxy statement / prospectus
and will be contained in other relevant materials to be filed with the SEC regarding the proposed business combination (if and when
they become available). You may obtain free copies of these documents at the SEC’s website at www.sec.gov.
Trademarks and Trade Names
eToro and Fintech V own or have rights to various
trademarks, service marks and trade names that they use in connection with the operation of their respective businesses. This press release
also contains trademarks, service marks and trade names of third parties, which are the property of their respective owners. The use or
display of third parties’ trademarks, service marks, trade names or products in this press release is not intended to, and does
not imply, a relationship with eToro or Fintech V, or an endorsement or sponsorship by or of eToro or Fintech V. Solely for convenience,
the trademarks, service marks and trade names referred to in this press release may appear with the ®, ™ or SM symbols, but
such references are not intended to indicate, in any way, that eToro or Fintech V will not assert, to the fullest extent under applicable
law, their rights or the right of the applicable licensor to these trademarks, service marks and trade names.
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