eToro (ETOR) is pursuing acquisitions and considering an expansion into payments and banking services as the online trading platform looks to diversify its business, the Financial Times reported Monday, citing CEO Yoni Assia.

Assia said Toro is working with advisers on potential acquisitions, including wealth-technology companies in the US and other markets, with deals potentially happening soon, the report said.

The company is also evaluating banking licenses or even acquiring a bank as it expands beyond trading services, according to the report.

Shares of eToro were 3.7% higher in Monday premarket trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)