NAGA Group is a German fintech company that provides an investing app with an inbuilt social network.[1] The company's headquarters is located in Hamburg, Germany.[2][3] It was listed on the Frankfurt Stock Exchange in 2017.[4] The NAGA Group AG is the holding company of NAGA Markets Europe Ltd, NAGA Technology GmbH, and NAGA Global Ltd.[5]
History
NAGA was founded by Benjamin Bilski, a former professional German swimmer, and Yasin Sebastian Qureshi in Germany in 2015.[6]
In 2017, NAGA Group AG was listed on the Frankfurt Stock Exchange,[7][8] and was included in the list of Red Herring 100 2017 Winners.[9] The German magazine Capital.de criticized NAGA's ICO process right after its initial public offering (IPO) in 2017, saying that it was made possibly in a hurry and was quite quick.[10]
Fosun International, a Chinese holding company, is a shareholder of NAGA since 2017.[11][12]
In 2021, the company launched NAGA Pay, a mobile banking and investing app that combines an IBAN account, a VISA debit card, a share deposit, copy trading, and physical crypto wallets.[13]
NAGA Group AG develops a social investing platform (with 1 million users), crypto platform and a mobile banking and investing app.[14]
In October 2022, The NAGA Capital Ltd obtains a Seychelles license.[15]
References