– The largest financial package in the history of the company led by the American fund Yorkville Advisors

– Record of 1 million transactions and 20 billion euros in transaction volume in February

– Record number of 37,000 new registrations

NAGA Group AG (XETRA: N4G, ISIN: DE000A161NR7), provider of the social network for transactions in the financial markets NAGA.com, reports the largest financing agreement in the company’s history to date and d ‘another record growth in February 2021.

NAGA has signed an agreement with the American fund Yorkville Advisors guaranteeing a growth financing framework of up to $ 30 million.

“We are excited about the deal with Yorkville and are laying the groundwork for NAGA to grow even faster. Funding gives us the power and flexibility to take the business to the next level. NAGA is a case of growth in a very large and rapidly growing market context. This decade will certainly be the period of rupture for FinTechs, ”comments Benjamin Bilski, CEO of NAGA, of the agreement reached.

In addition, the company is releasing preliminary results for February which once again greatly exceeded the record figures of January 2021.

In February, NAGA achieved record user growth with 37,000 new accounts and for the first time passed the milestone of one million real money transactions and transaction volume of more than € 20 billion in one. month. NAGA’s flagship feature “Copy Trading” is growing stronger and further proves NAGA’s unique selling point. In February, more than 560,000 copied transactions were executed, a strong increase of 75% from the 316,000 copied transactions in January. New registrations increased by 45% and the number of real money transactions increased by more than 38% compared to the previous month. The comparison with the previous year once again highlights the strong growth indicators: user registration increased by 700% compared to the month of the previous year (February 2020: 4,606), while 600 % more transactions were copied (February 2020: 80,000), transactions and transaction volume increased by 230% (February 2020: 318,000) and 197% (February 2020: 6.8 billion euros) respectively compared to February 2020.

“The growth of users, and in particular the activity and engagement ratios make us very confident. Obviously, the concept of social media combined with trading at NAGA is working very well. There is a clear change in behavior. of users to platforms like NAGA which combines stocks, cryptocurrencies and community, and this will be our main advantage over the competition, especially in the area of ​​customer acquisition.As mentioned before, we have developed a formula for unique growth and can precisely control our growth which we have consistently proven over the past 18 months We will further increase our investment in marketing and sales, especially in light of new funding and the fact that our growth is paying off . Given our momentum, we will focus more on our social investment experience and maintain our av antages compared to the competition. User base and increased transaction activity will become increasingly relevant strategic measures in 2021, ”concludes Bilski.

###

About NAGA

NAGA is an innovative fintech company that seamlessly connects personal financial transactions and investments through its social trading platform. The company’s proprietary platform offers a range of products ranging from stock trading, investments, and cryptocurrency to a physical Mastercard. In addition, the platform enables exchanges with other traders, provides relevant information in the feed and automatic copy functionality for successful member transactions. NAGA is a synergistic, easily accessible and inclusive total solution. It provides an improved base for trading, investing, networking, earning, and paying. This applies to fiat and crypto products.

Tongue:

English

Society:

The NAGA SA Group

Hohe Bleichen 12

20354 Hamburg

Germany

E-mail:

[email protected]

The Internet:

www.naga.com

IS IN:

DE000A161NR7

WKN:

A161NR

Indices:

Scale 30

Registered:

Unofficial regulated market in Berlin, Düsseldorf, Frankfurt (scale), Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1174069

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210309005432/en/

Contacts

Benjamin bilski
Phone: +49 (0) 40 5247 79153
Email: [email protected]
[email protected]