DGAP-News

The NAGA Group AG: Hamburg-based FinTech company THE NAGA GROUP AG announces IPO. Planned inclusion in the 'Scale' segment of Deutsche Börse AG, Frankfurt. - Seite 3

NAGA currently has offices at six locations in three European countries. Furthermore, additional locations in Shanghai and New York will be soon set up in future in order to connect directly with the company's many potential partners in the American and Asian markets.

"The flotation is the next logical step in our so far unexpectedly successful growth story," says Christoph Brück, director of The NAGA Group. Benjamin Bilski, CTO, and thus responsible for technological development, adds: "The technological requirements demanded of the financial industry will increase massively in the future. It is precisely this demand that we meet for the sector, by profitably contributing our IT expertise alongside our know-how in the financial world."

Major Chinese investor & awards confirm growth trend

A major milestone in the company's expansion was achieved just a short time ago. As part of one of the largest series A financing rounds in Europe in the Fintech sector this year, The NAGA Group was able to secure the Chinese investor Fosun as a shareholder. Fosun invests worldwide with a portfolio of over 50 billion US dollars. More than just a highly significant financial partner, Fosun will also support the company as it looks to substantially build up its activities in Asia.

In addition, NAGA has recently won several awards for its innovative technologies. The company was particularly delighted to win the highly prestigious Red Herring Award, of which previous recipients include game-changing giants such as Alibaba, Facebook, Google and YouTube.

SwipeStox, the first success story

NAGA is made up of a highly experienced team with expertise in both the financial markets and the fast-moving world of technological developments. One of the first successful projects of The NAGA Group AG so far has been SwipeStox, the social network for market trading. This trading app offers users an innovative way to trade on the global financial markets within the familiarity of a social media platform. It gives users the opportunity to copy trades made by demonstrably successful traders or to generate followers of their own. Users who successfully introduce new members to the SwipeStox community are rewarded with a bonus, regardless as to whether that new use goes on to make any trades of their own. The SwipeStox system is supplemented with features such as the Trader Radar (displaying the trader's place of residence), discussions about individual trades, news and a TV range. Community considerations and complete transparency are at the forefront of the SwipeStox ethos. The aim is for SwipeStox to ultimately become the world's largest network for stock market trading.