NAGA Group Shares “Everything Money” Strategy

NAGA Group accelerates growth with its ‘Everything Money’ strategy after a 56% revenue increase in H1-2024 amid the Capex.com merger.

The NAGA Group AG showcased its ambitious growth trajectory. The event also highlighted the company’s robust financial performance and provided insights into its roadmap and impending merger with Capex.com.

Financial Performance and Strategic Initiatives

For the first half of 2024, NAGA reported a significant uptick in revenues, amounting to €31.5 million. This marks a noteworthy 56% increase compared to €20.2 million in the second half of 2023. Despite facing regulatory and legal intricacies associated with the merger process, the company achieved an EBITDA of €2.5 million, down from €4.8 million in the latter half of 2023. NAGA emphasized ongoing efforts towards optimizing synergies post-merger, expecting substantial benefits to manifest in the latter half of 2024.

The period also saw a substantial surge in registered users (+111%), trading volumes (+69%), and total deposits (+69%), underscoring NAGA’s expanding market footprint and growing user engagement.

NAGA Group Shares “Everything Money” Strategy as Revenues Increase 56% in H1-2024

The “Everything Money” Strategy

Central to NAGA’s forward-looking strategy is unveiling its “Everything Money” initiative, aimed at revolutionizing financial management and investment. This comprehensive platform integrates trading, investing, cryptocurrency transactions, and payment solutions within NAGA’s acclaimed social trading environment. Leveraging Capex.com’s extensive product suite, the platform will encompass over 7500 financial instruments, enhanced social trading features, and live financial education resources. Designed for global accessibility, Everything Money supports 14 languages and operates in over 100 countries, catering to a diverse and expansive user base.

Future Outlook

With the impending completion of its merger with Capex.com, NAGA is poised to consolidate its position in the forex markets further. The synergistic integration of capabilities also promises to deliver enhanced value propositions to users, facilitating seamless and comprehensive financial experiences across multiple devices and geographic regions.

As NAGA navigates regulatory landscapes and operational challenges, its commitment to innovation and customer-centric solutions remains steadfast. Furthermore, the company’s proactive approach toward growth underscores its ambition to redefine the digital finance landscape, setting the stage for continued expansion and market leadership in the years ahead.

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