Report

The NAGA Group - Further development of the ecosystem

NAGA Group continues to ramp up volumes on its NAGA Trader platform, while eliminating commission expenses through the acquisition of Hanseatic Brokerhouse (HBS). Recent developments in the NAGA ecosystem include the introduction of an AI-based robo-advisor, the launch of the beta version of NAGA Exchange (together with an analytical tool called NAGA Guard), as well as the introduction of NAGA Card. The business remains in its early stage with the majority of products (except NAGA Trader) yet to generate meaningful revenues.
Underlying
The Naga Group

Naga Group AG is a Germany-based company, which is engaged in the development and marketing of applications in the area of financial technology. The Company's products include NAGA TRADER, a social trading application that allows users to trade foreign exchange (ForEx), indices, equities and cryptocurrency Contracts for Difference (CFDs) by copying other trades; NAGA VIRTUAL, a platform for trading in virtual objects from online games; NAGA COIN, a social trading platform for the NGC cryptocurrency; NAGA WALLET, a multi-currency payment gateway for cryptocurrencies and digital money; NAGA EXCHANGE, a cryptocurrency exchange network, and NAGA ACADEMY, an online learning portal for traders. The Company has offices in Germany, Spain, Bosnia and Herzegovina, and Cyprus.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Milosz Papst

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