The NAGA Group AG is a German

fintech Financial technology (abbreviated as fintech) refers to the application of innovative technologies to products and services in the financial industry. This broad term encompasses a wide array of technological advancements in financial services, ...

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 Hamburg (, ; ), officially the Free and Hanseatic City of Hamburg,. is the List of cities in Germany by population, second-largest city in Germany after Berlin and List of cities in the European Union by population within city limits, 7th-lar ...

, Germany. It was listed on the

Frankfurt Stock Exchange The Frankfurt Stock Exchange (, former German name: , ''FWB'') is the world's 3rd oldest and 12th largest stock exchange by market capitalization. It has operations from 8:00 am to 10:00 pm ( German time). Organisation Located in Frankfurt, ...

in 2017. Octavian Patrascu is the current CEO of NAGA Group. The NAGA Group AG is the holding company of NAGA Markets Europe Ltd, NAGA Technology GmbH, and NAGA Global Ltd.

History

NAGA was founded in Germany in 2015. In 2017, NAGA Group AG was listed on the

, and was included in the list of

Red Herring A red herring is something that misleads or distracts from a relevant or important question. It may be either a logical fallacy or a literary device that leads readers or audiences toward a false conclusion. A red herring may be used intentiona ...

100 2017 Winners. The German magazine ''Capital.de'' criticized NAGA's

ICO is a 2001 action-adventure game developed and published by Sony Computer Entertainment for the PlayStation 2. It was designed and directed by Fumito Ueda, who wanted to create a minimalist game based on a "boy meets girl" concept. Originally ...

process right after its

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

(IPO) in 2017, saying that it was made possibly in a hurry and was quite quick.

Fosun International Fosun International Limited is a Chinese multinational conglomerate holding company. Founded in 1992 by Guo Guangchang and four others, the company is headquartered in Shanghai and was incorporated in Hong Kong in 2004. Its Co-CEOs are Chen ...

, a Chinese holding company, is a shareholder of NAGA since 2017. In 2021, the company launched NAGA Pay, a mobile banking and investing app that combines an

IBAN IBAN or Iban or Ibán may refer to: Banking * International Bank Account Number Ethnology * Iban culture * Iban language The Iban language () is spoken by the Iban, one of the Dayak ethnic groups who live in Brunei, the Indonesian provinc ...

account, a

VISA Visa most commonly refers to: * Travel visa, a document that allows entry to a foreign country * Visa Inc., a US multinational financial and payment cards company ** Visa Debit card issued by the above company ** Visa Electron, a debit card ** Vi ...

debit card, a share deposit, copy trading, and physical crypto wallets. NAGA Group AG develops a social investing platform (with 1 million users), crypto platform and a mobile banking and investing app. In October 2022, The NAGA Capital Ltd obtains a

Seychelles Seychelles (, ; ), officially the Republic of Seychelles (; Seychellois Creole: ), is an island country and archipelagic state consisting of 155 islands (as per the Constitution) in the Indian Ocean. Its capital and largest city, Victoria, ...

license. 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. In September 2024, NAGA Group announced that it would be the official sponsor and partner of

Borussia Dortmund Ballspielverein Borussia 09 e. V. Dortmund, often known simply as Borussia Dortmund () or by its initialism BVB (), or just Dortmund by International fans, is a German professional sports club based in Dortmund, North Rhine-Westphalia. It is ...

, a German football club. This would give NAGA Group exclusive rights to BVB Partner's logo.

Mike Tyson Michael Gerard Tyson (born June 30, 1966) is an American former professional boxer who competed between 1985 and 2024. Nicknamed "Iron Mike" and "Kid Dynamite" in his early career, and later known as "the Baddest Man on the Planet", Tyson i ...

also became one of NAGA Group's brand ambassadors in late 2024, with Tyson appearing in several advertisements for NAGA.

References

{{reflist Companies listed on the Frankfurt Stock Exchange Financial services companies of Germany Companies based in Hamburg