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Naga Group

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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."
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.
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.
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.
by Solomon Oladipupo
Retail FX

NAGA Group Posts 51% Revenue Rise in H1 2022

  • The company generated over EUR 24 million in 2022 only from European businesses.
by Arnab Shome
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.
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.
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.
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.
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.
by Nicholas Otieno
Brokers

NAGA Plans for a US IPO to Tap Broader Investor Base

  • The broker will terminate direct businesses in the United Kingdom throughout the month of December.
by Arnab Shome
Brokers

NAGA Secures Another €34 Million as Growth Capital

  • The company will use the funds in financing global growth and enhanced marketing measures.
by Arnab Shome
Brokers

NAGA Ends Q3 2021 with Record $21 Million Revenue

  • The social trading company has generated $48 million so far this year.
by Arnab Shome
Brokers

Apeiron Joins the Largest Equity Financing Round to Date Held by NAGA

  • The provider of the social network for trading expects to hit 100% growth in 2021 after the financing round.
by Felipe Erazo
Brokers

NAGA Becomes Sponsor of Spanish Football Club Sevilla FC

  • The two have inked a multi-year deal but did not disclose the terms.
by Arnab Shome
Brokers

NAGA Sets Record with $15 Million in Q2 2021 Revenue

  • The brokerage has reported a continuous surge in its revenue for the last 11 quarters.
by Arnab Shome
Brokers

NAGA Cross-Lists Shares in the US as Sales Jumped 90%

  • The shares of the company will be parallelly listed on OTCQX Venture Market.
by Arnab Shome
Payments

NAGA Taps Visa to Launch Payments Platform in Q3

  • The company is combining payments, brokerage and crypto on a single platform.
by Arnab Shome
Brokers

NAGA Group Hits Record €22 Billion in April Trading Volume

  • The Group’s trading activities for the first quarter of the year remained above $70 billion.
by Arnab Shome
Brokers

NAGA Group Reports Record Revenue in Q1 2021

  • The company reported the addition of 93,000 accounts in the first quarter.
by Bilal Jafar
Brokers

NAGA Group Secures $30 Million Financing as Demand Soars

  • The share price of the broker jumped over 6 percent in early Tuesday’s trading session.
by Arnab Shome
Brokers

NAGA Group Posts Strong Financial Results in January 2021

  • The monthly trading volume reached €18.5 billion, which is up 216% compared to January 2020.
by Bilal Jafar
Brokers

NAGA Reports Solid Q3 2020 Revenue, Launching Digital Bank

  • The fintech group is entering new markets as well.
by Arnab Shome
Brokers

Social Trading Platform NAGA Plans Entering Australia, South Africa

  • The broker has already applied for respective licenses under local entities.
by Arnab Shome
Trading

Social Trading Platform NAGA Launches 1:20 Crypto Leverage

  • The leverage has been introduced for its operations in Saint Vincent and the Grenadines.
by Celeste Skinner
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