The NAGA Group AG Closes USD 30 Million Financing Framework and Reports Record Growth
Summary
HAMBURG, Germany--(BUSINESS WIRE)--The NAGA Group AG (XETRA: N4G, ISIN: DE000A161NR7), provider of the social network for financial market trading NAGA.com, reports on the largest financing arrangement in the companys history to date and further record growth in February 2021. In February, NAGA achieved a record user growth with 37,000 new accounts and for the first time broke the milestone of 1 million real money transactions and a trading volume of over EUR 20 billion within one month. There is a clear shift in user behavior towards platforms like NAGA which combines stocks, cryptocurrencies and community, and it will be our core advantage over competition, especially in the area of customer-acquisition. NAGA is an innovative fintech company that seamlessly connects personal finance transactions and investments through its social trading platform. Additionally, the platform allows for exchanges with other traders, provides relevant information in the feed, and autocopy features for successful members trades.