The NAGA Group’s (ETR: N4G) founder, Ben Bilski, introduced yesterday (Sunday) his separation from the corporate, stepping down from the chief position of Chief Data Officer. His departure got here solely three months after Capex.com acquired NAGA.
Though Bilski didn’t specify the precise purpose for his departure, he’s now engaged on a brand new startup.
“Although as core founder, I by no means owned greater than 10% of NAGA,” Bilski wrote within the LinkedIn put up. “I handled it as if it is all mine and have proven all the time 100% full-scale dedication in direction of my job. Generally, I loaded a bit an excessive amount of on my shoulders. I am unable to disguise the truth that such restricted possession makes you then rethink future views, however that’s how enterprise is!”
Bilski based NAGA in 2015, primarily permitting merchants to repeat merchants of different professional merchants. The NAGA platform was developed from his preliminary concept of SwipeStox, which he needed to be the ‘Tinder’ of the retail buying and selling business. NAGA grew to become a handful of foreign exchange and contracts for variations (CFDs) brokers which are publicly listed.
Earlier than taking on the position of Chief Data Officer, he headed NAGA because the Chief Government Officer till June 2023. Whereas stepping down from the CEO position, he highlighted that he was “going again to my roots and offering my abilities to increase our platform imaginative and prescient.”
Over time, NAGA has expanded into areas like funds and even cryptocurrencies.
New Methods beneath New Possession?
Final December, NAGA was acquired by Capex.com, one other on-line buying and selling model with a big presence within the Center East. With the reverse merger, Capex.com’s CEO invested $9 million in NAGA and have become the merged entity’s Group CEO.
In fiscal 12 months 2023, NAGA generated over EUR 45.5 million in income and an EBITDA of EUR 7 million, considerably bettering from the detrimental EUR 13.7 million within the previous 12 months.
The NAGA Group’s (ETR: N4G) founder, Ben Bilski, introduced yesterday (Sunday) his separation from the corporate, stepping down from the chief position of Chief Data Officer. His departure got here solely three months after Capex.com acquired NAGA.
Though Bilski didn’t specify the precise purpose for his departure, he’s now engaged on a brand new startup.
“Although as core founder, I by no means owned greater than 10% of NAGA,” Bilski wrote within the LinkedIn put up. “I handled it as if it is all mine and have proven all the time 100% full-scale dedication in direction of my job. Generally, I loaded a bit an excessive amount of on my shoulders. I am unable to disguise the truth that such restricted possession makes you then rethink future views, however that’s how enterprise is!”
Bilski based NAGA in 2015, primarily permitting merchants to repeat merchants of different professional merchants. The NAGA platform was developed from his preliminary concept of SwipeStox, which he needed to be the ‘Tinder’ of the retail buying and selling business. NAGA grew to become a handful of foreign exchange and contracts for variations (CFDs) brokers which are publicly listed.
Earlier than taking on the position of Chief Data Officer, he headed NAGA because the Chief Government Officer till June 2023. Whereas stepping down from the CEO position, he highlighted that he was “going again to my roots and offering my abilities to increase our platform imaginative and prescient.”
Over time, NAGA has expanded into areas like funds and even cryptocurrencies.
New Methods beneath New Possession?
Final December, NAGA was acquired by Capex.com, one other on-line buying and selling model with a big presence within the Center East. With the reverse merger, Capex.com’s CEO invested $9 million in NAGA and have become the merged entity’s Group CEO.
In fiscal 12 months 2023, NAGA generated over EUR 45.5 million in income and an EBITDA of EUR 7 million, considerably bettering from the detrimental EUR 13.7 million within the previous 12 months.
