DGAP-News 182 0 Kommentare The NAGA Group AG: NAGAs Q1 topline grows by 63% YoY, reporting record revenue of EUR 18 million and EBITDA of EUR 5 million (Q1 2021: EUR 3 million) - Seite 2

Geographic expansion and global licensing

In addition, the company is focused on expanding its regulatory map across all verticals. The Estonian Crypto license for NAGAX was granted in the last week of March, and two more crypto asset service provider licenses are in flight and expected to be granted in Q2 2022. The Group is also actively looking into strategic acquisitions in Europe and Southeast Asia which underlines ambitious expansion plans.

"There is no doubt that the future lies with fully licensed and compliant companies in our very dynamic and fact paced world. This is expected to be an important growth enabler in all three verticals we operate in. Hence, we see licensing and expanding our regulatory map as a core priority. We have built an amazing ecosystem which is now able to integrate brokerages, crypto products, and payment platforms. Combined with a strong licensing map we believe that this will fundamentally accelerate our growth on top of our organic initiatives", Bilski concludes.

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About NAGA

NAGA is an innovative fintech company that seamlessly connects personal finance transactions and investments through its social trading platform. The company's proprietary platform offers a range of products from stock trading, investments and cryptocurrencies to a physical VISA card. Additionally, the platform allows for exchanges with other traders, provides relevant information in the feed, and autocopy features for successful members' trades. NAGA is a synergistic total solution that is easily accessible and inclusive. It provides an improved foundation to trade, invest, network, earn and pay. This applies to both fiat and crypto products.

Press contact
Andreas Luecke,
The NAGA Group AG
press@naga.com
www.naga.com

22.04.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language:	English
Company:	The NAGA Group AG
	Hohe Bleichen 12
	20354 Hamburg
	Germany
E-mail:	info@naga.com
Internet:	www.naga.com
ISIN:	DE000A161NR7
WKN:	A161NR
Indices:	Scale 30
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1332965