NAGA GROUP


Associated tags: XETRA

EQS-News: NAGA delivers a strong 2023 with EUR 45.5 million revenue and highest EBITDA in the company's history of EUR 7 million

Retrieved on: 
Saturday, January 13, 2024

NAGA delivers over EUR 45.5 million in revenue (FY2022: EUR 57 million)  and achieves a preliminary EBITDA of EUR 7 million (FY2022: - EUR 13.7 million) which is the highest EBITDA in the company's history, marking an impressive turnaround on the bottom line during challenging market conditions.

Key Points: 
  • NAGA delivers over EUR 45.5 million in revenue (FY2022: EUR 57 million)  and achieves a preliminary EBITDA of EUR 7 million (FY2022: - EUR 13.7 million) which is the highest EBITDA in the company's history, marking an impressive turnaround on the bottom line during challenging market conditions.
  • During 2023 NAGA saw over 132,000 account openings (FY22: 243,000) and more than 9.2 million trades (FY22: 8.6 million) whereof 4.8 million were copy trades (FY22: 3.5 million.
  • As a result all unique user metrics have shown a strong uptrend with higher average activity, deposit size and lifetime value.
  • Marketing expenses stood at EUR 5.5 million (FY2022: EUR 28.5 million), leading to the best ever gross Cost Per Acquisition of EUR 447 (FY22: EUR 1510) per new capitalized trading account.

NAGA Announces Merger With Trading App Capex.com. Octavian Patrascu, the Founder of Capex, Is to Personally Inject USD 9 Million Into the Company via a Convertible Bond.

Retrieved on: 
Tuesday, December 19, 2023

Octavian Patrascu, the Founder of Capex, is to personally inject USD 9 million into the company via a convertible bond, setting the stage for a strategic merger between Capex.com and NAGA.

Key Points: 
  • Octavian Patrascu, the Founder of Capex, is to personally inject USD 9 million into the company via a convertible bond, setting the stage for a strategic merger between Capex.com and NAGA.
  • With a collective user base of 1.5 million worldwide, the newly merged company is projected to generate over USD 250 million in revenue over the next three years.
  • Capex.com is a global regulated, fast growing (80% CAGR over the past three years) FinTech platform with licenses in Europe and Abu Dhabi.
  • The joint entities will operate 8 licenses globally, and this year are estimated to generate USD 90 million in joint revenue with an EBITDA of USD 6.5 million.

EQS-News: NAGA announces merger with trading app Capex.com. Octavian Patrascu, the Founder of Capex, is to personally inject USD 9 million into the company via a convertible bond.

Retrieved on: 
Wednesday, December 20, 2023

Octavian Patrascu, the Founder of Capex, is to personally inject USD 9 million into the company via a convertible bond.

Key Points: 
  • Octavian Patrascu, the Founder of Capex, is to personally inject USD 9 million into the company via a convertible bond.
  • NAGA announces merger with trading app Capex.com.
  • Octavian Patrascu, the Founder of Capex, is to personally inject USD 9 million into the company via a convertible bond, setting the stage for a strategic merger between Capex.com and NAGA.
  • With a collective user base of 1.5 million worldwide, the newly merged company is projected to generate over USD 250 million in revenue over the next three years.

EQS-News: The NAGA Group AG: NAGA continues profitable growth path reaching 15% EBITDA for the first nine months of 2023 from its brokerage business  

Retrieved on: 
Tuesday, October 17, 2023

Furthermore, the Group reported preliminary year-to-date sales of EUR 28.4 million per September 30th 2023 from its brokerage business, delivering an EBITDA ratio of around 15%.

Key Points: 
  • Furthermore, the Group reported preliminary year-to-date sales of EUR 28.4 million per September 30th 2023 from its brokerage business, delivering an EBITDA ratio of around 15%.
  • One of the key factors contributing to this growth is the reduction in operational and marketing costs.
  • The NAGA Group has also expanded its presence in new and emerging markets, capitalizing on the increasing popularity of social investing and e-payments.
  • A notable achievement in the first nine months of 2023 is the highly successful optimization of NAGA's user acquisition strategy.

The NAGA Group AG: AI 'Brain' Technology by Rezolve Joins Forces with NAGA to Revolutionise Online Payment together with Brokerage Transformation

Retrieved on: 
Wednesday, August 9, 2023

Implementing 'Brain’s AI into NAGA will further automate our client’s journey and lead to the highest degree in personalization.

Key Points: 
  • Implementing 'Brain’s AI into NAGA will further automate our client’s journey and lead to the highest degree in personalization.
  • Users will intuitively understand NAGA social trading platform and their own trading performance better than ever before.
  • Dan Wagner, CEO of Rezolve, echoes this sentiment, adding, "Our collaboration with NAGA is a testament to our commitment to revolutionising industries with AI.
  • For more information about NAGA and its use of Rezolve's 'Brain', which is expected to go live in Q4 2023, please visit www.group.naga.com .