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Naga Group

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Brokers

Breaking: Boxing Legend Mike Tyson Becomes NAGA Group’s Brand Ambassador

  • The broker negotiated, signed, and filmed a promotional advertisement with Tyson in just a couple of weeks.
  • NAGA also recently signed a sponsorship deal with German football club Borussia Dortmund.
Thursday, 07/11/2024 | 10:34 GMT by Arnab Shome
Retail FX

NAGA’s Revenue Reaches €31.7 Million Following the Merger in H1 2024

  • The firm reduced operating expenses, lowering direct costs by 30% and personnel costs by 18%.
  • EBITDA increased by 85% to €2.8 million in H1 2024 due to cost cuts.
Wednesday, 30/10/2024 | 13:42 GMT by Tareq Sikder
Retail FX

NAGA and CAPEX.com Merger Receives Regulatory Greenlight

  • The two companies expect to close the merger by the end of August.
  • They expect to generate $250 million in revenue over the next three years.
Tuesday, 09/07/2024 | 07:02 GMT by Arnab Shome
Retail FX

NAGA Slashes Staff by 40% amid Mounting Losses of €61M in 2023

  • The company's revenues shrank by 32% to €40 million.
  • However, the broker is trying to focus on the pros: positive EBITDA, higher volumes, and cost-cutting.
Monday, 01/07/2024 | 06:44 GMT by Damian Chmiel
Retail FX

NAGA and CAPEX.com Merger Gets Shareholders’ Nod: 2 New Licenses in Pipeline

  • As many as 99.81 percent of the NAGA shareholders voted for the merger.
  • The CEO, Octavian Patrascu, is envisioning a "New NAGA" with the merger.
Monday, 22/04/2024 | 09:00 GMT by Arnab Shome
Executive Moves

Ben Bilski Leaves NAGA Group Only 3 Months after Merger with Capex.com

  • He founded NAGA in 2015 and was the CEO until June 2023.
  • Recently, he held the position of NAGA’s Chief Information Officer.
Monday, 18/03/2024 | 05:29 GMT by Arnab Shome
Retail FX

NAGA Achieves EUR 45.5 Million in Revenue and Highest-Ever EBITDA

  • In 2023, the company saw growth of 132,000 new accounts and over 9.2 million trades.
  • The firm recently announced a merger with Capex.com, accompanied by a cash injection of $9 million.
Tuesday, 09/01/2024 | 13:13 GMT by Tareq Sikder
Retail FX

Naga Markets Settles with CySEC for €150K over Violations

  • The company was sanctioned by CySEC for non-compliance in several areas.
  • The retail brokerage has already paid the settlement amount.
Friday, 29/12/2023 | 13:14 GMT by Damian Chmiel
Retail FX

NAGA's Earnings Exceed Initial Estimates in H1 2023, Final Report Indicates

  • The company reported preliminary results five months ago.
  • However, as the full report shows, the revenue was underestimated by several million euros.
Wednesday, 13/12/2023 | 12:57 GMT by Damian Chmiel
Retail FX

NAGA's EU Customers Brought 90% FY22 Revenue: Losses Mounted to €37M

  • The revenue of the brokerage group for the year came in at EUR 57.5 million.
  • Its marketing and advertisement expenses declined to EUR 28.3 million.
Monday, 06/11/2023 | 09:04 GMT by Arnab Shome
Retail FX

NAGA Takes a Loan to Repay $6M to Convertible Bond Holders

  • The convertible bond holders did not exercise their conversion rights.
  • The loan has been taken without any conversion rights.
Wednesday, 25/10/2023 | 05:25 GMT by Arnab Shome
Retail FX

NAGA Transforms €4.2M Loss into €4.2M Profit as First-Time Deposits Soar by 100%

  • Retail brokerage increased the number of active accounts to 20,400.
  • In addition, the average value of the first deposit rose 105%.
Thursday, 05/10/2023 | 09:49 GMT by Damian Chmiel
FinTech

NAGA Partners with Rezolve to Integrate AI into Trading Platforms

  • The AI-enabled trading services will go live on NAGA in the fourth quarter.
  • Users can converse with NAGA's AI chatbots in up to 95 languages.
Tuesday, 08/08/2023 | 09:00 GMT by Jared Kirui
Retail FX

NAGA Reports 22% Jump in Active Traders in H1 2023

  • The company saw an increase of 22% in active traders.
  • Reported trading volume also rose to EUR 69 billion.
Tuesday, 11/07/2023 | 13:51 GMT by Damian Chmiel
Retail FX

Why I Gave Up My CEO Role to Become CIO: NAGA's Founder Ben Bilski

  • NAGA's vision remains to build an all-in-one platform, says Bilski.
  • The new Group CEO: "We have owned our decisions in the past three years."
Monday, 10/07/2023 | 20:45 GMT by Solomon Oladipupo
Retail FX

NAGA Successfully Secures $8.2m Funding and Promotes New CEO

  • Milonas is taking the role of the company's Chief Executive Officer.
  • NAGA also informed about the closed funding round that begun in April.
Monday, 19/06/2023 | 12:33 GMT by Damian Chmiel
Retail FX

NAGA Seeks to Raise $8.2M in Convertible Bond

  • Upon full conversion, the bonds will raise NAGA's current share capital by 7.7%.
  • NAGA Group "incurred significant losses last year."
Monday, 17/04/2023 | 13:09 GMT by Solomon Oladipupo
Retail FX

NAGA’s Revenue Drops 36% in Q1 2023 despite Growth in Active Users

  • The neo-brokerage's revenue jumped 63% YoY to EUR 18M in Q1 2022.
  • The volume worth EUR 37 billion was traded by NAGA users in Q1 2023.
Tuesday, 04/04/2023 | 16:15 GMT by Solomon Oladipupo
Retail FX

Germany's NAGA Group Reports Profit for First Few Weeks of 2023

  • The German fintech group made a profit of about €1.5 million YTD.
  • The Group's revenue declined 6% to €52 million in 2022.
Thursday, 09/02/2023 | 14:27 GMT by Solomon Oladipupo
Retail FX

NAGA Discusses Possible Merger with Unnamed 'Multi-Country' Broker

  • The possible merger is expected to be completed by Q4 2023.
  • The Group recently secured a Seychelles license.
Thursday, 19/01/2023 | 16:38 GMT by Solomon Oladipupo
Executives

NAGA Hires Eurotrader’s Matthew Kent as Institutional Sales Director

  • Kent held the same position at Eurotrader for over two years.
  • NAGA Group received a Seychelles license last month.
Wednesday, 23/11/2022 | 21:22 GMT by Solomon Oladipupo
Retail FX

NAGA Gains Seychelles License to Accelerate Global Presence

  • The company intends to enter the Brazilian crypto market.
  • It now focuses on improving operational efficiency.
Thursday, 13/10/2022 | 05:12 GMT by Arnab Shome
Brokers

NAGA Sees 63% Revenue Jump in Q1 2022, Gains Estonia License

  • The firm plans to separately report its financials of three divisions from next quarter.
  • It is expecting the crypto business to be a growth enabler.
Friday, 22/04/2022 | 10:57 GMT by Arnab Shome
Brokers

NAGA to Launch Crypto Exchange in March, January Revenue Hits Record

  • It will launch an NFT platform.
  • Brokerage revenue for last month came in at €8 million.
Tuesday, 15/02/2022 | 10:53 GMT by Arnab Shome
FinTech

NAGA Group Revenue Hits €55.3 Million for Fiscal Year 2021

  • NAGA Group’s 2021 earnings beat the previous year’s results.
  • The online broker is expanding its product offerings to crypto services.
Thursday, 13/01/2022 | 17:32 GMT by Nicholas Otieno
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