NAGA Group, a Germany-based fintech firm that operates a regulated
neo-broker, neo-banking app and a cryptocurrency platform, shared its
year-to-date buying and selling updates on Thursday, reporting a worthwhile begin into the
yr 2023.
In keeping with the replace, the Group generated
a income of near €6 million whereas its bills stood at about €4.5
million through the first few weeks of 2023, suggesting that the net dealer has made a revenue of about €1.5 million
year-to-date (YTD). The revenue comes at the same time as NAGA stated it lowered its value base originally of
the yr by over 65% in comparison with the beginning of 2022. As well as, social buying and selling focus agency stated it maintained its new buyer progress 15% above ranges it recorded in 2022.
In the meantime, whereas NAGA Group is but to launch its annual report for fiscal yr
2022, key
numbers on the corporate’s group web site says the agency generated an estimated
income of €52 million in 2022. The corporate’s income, subsequently, dipped
by 6% year-over-year from the €55.3 million generated in fiscal yr 2021.
Moreover, since NAGA Group reported a consolidated income of €35 million throughout first
half-year 2022, the corporate’s income, subsequently, got here in at about €17 million
over the last six months of final yr.
Within the new buying and selling replace, NAGA stated its month-to-month buying and selling exercise and three-month energetic customers base
“are at all-time excessive.” The fintech firm additionally stated copy buying and selling represents
greater than half (55%) of all trades made YTD.
Furthermore, the corporate stated its buyer deposit YTD surged by half
(50%) in comparison with the identical interval final yr. Throughout this era, the corporate’s
common deposits per new consumer additionally shot up by 75%.
“The group continues to enhance its advertising effectivity by creating
additional automation and enterprise intelligence expertise in addition to getting ready
the enlargement into the Southeast-Asian and Latin American area with its newly
established regulated entity NAGA Capital,” NAGA Group defined.
In the meantime, NAGA Group lately disclosed that it was working in the direction of signing “a possible strategic transaction with a multi-country brokerage agency.” The corporate expects to finish the deal by the fourth quarter of this yr.
NAGA Group, a Germany-based fintech firm that operates a regulated
neo-broker, neo-banking app and a cryptocurrency platform, shared its
year-to-date buying and selling updates on Thursday, reporting a worthwhile begin into the
yr 2023.
In keeping with the replace, the Group generated
a income of near €6 million whereas its bills stood at about €4.5
million through the first few weeks of 2023, suggesting that the net dealer has made a revenue of about €1.5 million
year-to-date (YTD). The revenue comes at the same time as NAGA stated it lowered its value base originally of
the yr by over 65% in comparison with the beginning of 2022. As well as, social buying and selling focus agency stated it maintained its new buyer progress 15% above ranges it recorded in 2022.
In the meantime, whereas NAGA Group is but to launch its annual report for fiscal yr
2022, key
numbers on the corporate’s group web site says the agency generated an estimated
income of €52 million in 2022. The corporate’s income, subsequently, dipped
by 6% year-over-year from the €55.3 million generated in fiscal yr 2021.
Moreover, since NAGA Group reported a consolidated income of €35 million throughout first
half-year 2022, the corporate’s income, subsequently, got here in at about €17 million
over the last six months of final yr.
Within the new buying and selling replace, NAGA stated its month-to-month buying and selling exercise and three-month energetic customers base
“are at all-time excessive.” The fintech firm additionally stated copy buying and selling represents
greater than half (55%) of all trades made YTD.
Furthermore, the corporate stated its buyer deposit YTD surged by half
(50%) in comparison with the identical interval final yr. Throughout this era, the corporate’s
common deposits per new consumer additionally shot up by 75%.
“The group continues to enhance its advertising effectivity by creating
additional automation and enterprise intelligence expertise in addition to getting ready
the enlargement into the Southeast-Asian and Latin American area with its newly
established regulated entity NAGA Capital,” NAGA Group defined.
In the meantime, NAGA Group lately disclosed that it was working in the direction of signing “a possible strategic transaction with a multi-country brokerage agency.” The corporate expects to finish the deal by the fourth quarter of this yr.
