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NAGA Group

From Wikipedia, the free encyclopedia
The NAGA Group AG
Company typePublic
FWB: N4G
ISINDE000A161NR7
IndustryFintech
Founded2015
Key people
Octavian Patrascu (CEO)
Websitewww.naga.com

The NAGA Group AG is a German fintech company that operates in over 100 countries with 9 local offices. NAGA offers various services for both fiat and cryptocurrencies. The company's headquarters is located in Hamburg, Germany.[1][2] It was listed on the Frankfurt Stock Exchange in 2017.[3] Octavian Patrascu is the current CEO of NAGA Group.[4][5]

The NAGA Group AG is the holding company of NAGA Markets Europe Ltd, NAGA Technology GmbH, and NAGA Global Ltd.[6]

History

[edit]

NAGA was founded in Germany in 2015.[7]

In 2017, NAGA Group AG was listed on the Frankfurt Stock Exchange,[8][9] and was included in the list of Red Herring 100 2017 Winners.[10] The German magazine Capital.de criticized NAGA's ICO process right after its initial public offering (IPO) in 2017, saying that it was made possibly in a hurry and was quite quick.[11]

Fosun International, a Chinese holding company, is a shareholder of NAGA since 2017.[12][13]

In 2021, the company launched NAGA Pay, a mobile banking and investing app that combines an IBAN account, a VISA debit card, a share deposit, copy trading, and physical crypto wallets.[14]

NAGA Group AG develops a social investing platform (with 1 million users), crypto platform and a mobile banking and investing app.[15]

In October 2022, The NAGA Capital Ltd obtains a Seychelles license.[16]

In 2024, NAGA Group merged with Key Way Group Ltd., also known as CAPEX Group. The merger has formed one of the world's leading neo-brokers with around 1.5 million users in over 100 countries.[17][18][19][20]

In September 2024, NAGA Group announced that it would be the official sponsor and partner of Borussia Dortmund, a German football club.[21] This would give NAGA Group exclusive rights to BVB Partner's logo.[22] Mike Tyson also became one of NAGA Group's brand ambassadors in late 2024, with Tyson appearing in several advertisements for NAGA.[23]

References

[edit]
  1. ^ Horntrich, Markus. "The NAGA Group: Der Neue Markt ist zurück". www.deraktionaer.de (in German). Retrieved 2022-11-16.
  2. ^ "Der merkwürdige Naga-ICO". capital.de (in German). Retrieved 2022-11-16.
  3. ^ Henke, Judith (2022-07-09). "Die Netz-Checkerin: Wie ein Influencer für spekulative Kurswetten wirbt". DIE WELT (in German). Retrieved 2022-11-16.
  4. ^ "Constantin-Octavian Patrascu, Naga Group AG: Profile and Biography". Bloomberg.com. Retrieved 2025-05-04.
  5. ^ Luecke, Andreas (2024-04-22). "NAGA's Shareholders Approve the Merger With CAPEX.com With a Positive Vote of 99.81%". Business Wire. Retrieved 2025-05-04.
  6. ^ "NAGA REVIEW 2022: IS NAGA A GOOD BRAND?". Finance Feeds. 2022-10-05. Retrieved 2022-11-16.
  7. ^ "Yasin Sebastian Qureshi". qureshi.de. Retrieved 2023-11-23.
  8. ^ Henke, Judith (2022-07-09). "Die Netz-Checkerin: Wie ein Influencer für spekulative Kurswetten wirbt". DIE WELT (in German). Retrieved 2022-11-16.
  9. ^ Aitken, Roger. "Blockchain Funding: How It Can Help Companies Win The Innovation Race". Forbes. Retrieved 2022-11-16.
  10. ^ "2017 Red Herring Europe: Winners". Red Herring. Retrieved 2022-11-16.
  11. ^ "Der merkwürdige Naga-ICO". capital.de (in German). Retrieved 2022-11-16.
  12. ^ "Análisis Naga Broker | Comisiones, Seguridad, Plataforma y Productos". Rankia (in European Spanish). 2022-01-13. Retrieved 2022-11-16.
  13. ^ "The NAGA Group AG: Christian Angermayer's Apeiron Investment Group and Fosun Join Forces to Further Drive NAGA Growth". FinanzNachrichten.de (in German). Retrieved 2022-11-16.
  14. ^ "NAGA Pay partners with Contis". thepaypers.com. Retrieved 2022-11-16.
  15. ^ Pradhan, Dipen (2022-09-05). "NAGA Platform Review 2022". Retrieved 2022-11-16.
  16. ^ MarketScreener. "The NAGA Group AG obtains Seychelles license and signs LOI for a Joint Venture to launch Brazilian crypto platform | MarketScreener". www.marketscreener.com. Retrieved 2022-11-16.
  17. ^ "The NAGA Group successfully merges with Key Way Group". NAGA. 2024-08-29. Retrieved 2025-05-01.
  18. ^ "NAGA and CAPEX.com Merger Receives Regulatory Greenlight". Financial and Business News. 2024-07-09. Retrieved 2025-05-01.
  19. ^ Segal, Gerald (2025-02-05). "NAGA Group sees improved results in first report post CAPEX.com merger". FX News Group. Retrieved 2025-05-01.
  20. ^ "NAGA Group Completes Key Way Merger, Targets €9M in Annual Savings". Financial and Business News. 2024-08-29. Retrieved 2025-05-01.
  21. ^ BVB, Redaktionsteam (2024-09-04). "Borussia Dortmund enters partnership with NAGA Group". BVB.de. Retrieved 2025-05-15.
  22. ^ "NAGA Strikes a Sponsorship Goal with Germany's Borussia Dortmund". Financial and Business News. 2024-09-04. Retrieved 2025-05-15.
  23. ^ "All-in-one financial platform NAGA taps Mike Tyson for campaign to promote its new app". Arabian Business. 2024-11-08. Retrieved 2025-05-15.
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