{"id":453286,"date":"2021-03-09T03:26:04","date_gmt":"2021-03-09T08:26:04","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=453286"},"modified":"2021-03-09T03:26:04","modified_gmt":"2021-03-09T08:26:04","slug":"the-naga-group-ag-closes-usd-30-million-financing-framework-and-reports-record-growth","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-naga-group-ag-closes-usd-30-million-financing-framework-and-reports-record-growth\/","title":{"rendered":"The NAGA Group AG Closes USD 30 Million Financing Framework and Reports Record Growth"},"content":{"rendered":"<p>        <!--.bwalignl { text-align: left }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>The NAGA Group AG Closes USD 30 Million Financing Framework and Reports Record Growth<\/b><\/p>\n<p><b>&#8211; Largest financing arrangement in the company&#8217;s history led by the US fund Yorkville Advisors<\/b><\/p>\n<p><b>&#8211; Record of 1 million transactions and EUR 20 billion trading volume in February<\/b><\/p>\n<p><b>&#8211; Record number of 37,000 new registrations<\/b><\/p>\n<p>HAMBURG, Germany&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThe 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 company&#8217;s history to date and further record growth in February 2021.\n<\/p>\n<p>\nNAGA has signed an agreement with the US Fund Yorkville Advisors securing a growth financing framework of up to USD 30 million.\n<\/p>\n<p>\n&#8220;We are excited about the deal with Yorkville and are setting the course for NAGA to scale even faster. The financing gives us the power and the flexibility to allow the company to be taken to the next level. NAGA is a growth case in a very large and rapidly growing market. This decade will be definitely the breakthrough period for FinTechs&#8221;, comments NAGA CEO Benjamin Bilski on the closed deal.\n<\/p>\n<p>\nIn addition, the company reports on preliminary results for February which have once again significantly exceeded the record figures from January 2021.\n<\/p>\n<p>\nIn 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. NAGA&#8217;s flagship feature &#8220;Copy Trading&#8221; is growing particularly strong and further proves NAGA&#8217;s unique selling point. In February more than 560,000 copied trades were executed which marks a steep increase of 75% to the 316,000 trades copied in January. New registrations grew by 45% and the number of real money transactions increased by over 38% compared to the previous month. The comparison to the previous year underlines once more the strong growth metrics: User registration saw an increase of 700% over prior years&#8217; month (February 2020: 4,606), whilst 600% more trades were copied (February 2020: 80,000), transactions and trading volume increased by 230% (February 2020: 318,000) and 197% (February 2020: EUR 6.8 billion) respectively compared to February 2020.\n<\/p>\n<p>\n&#8220;The user growth, and particularly the activity and engagement ratios make us feel very confident. Evidently the concept of social media combined with trading at NAGA works very well. 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. As communicated before, we have developed a unique growth formula and can precisely control our growth which we have been proving consistently over the past 18 months. We will further increase our investment into marketing &amp; sales especially in the light of the new financing and the fact that our growth yields return. Given our momentum, we will steer more into our social investing experience and maintain our advantages over competition. Growing our user base and increasing transactional activity will become increasingly relevant strategic metrics in 2021,&#8221; concludes Bilski.\n<\/p>\n<p>\n###\n<\/p>\n<p><b>About NAGA<\/b><\/p>\n<p>\nNAGA is an innovative fintech company that seamlessly connects personal finance transactions and investments through its social trading platform. The company&#8217;s proprietary platform offers a range of products from stock trading, investments and cryptocurrencies to a physical Mastercard. Additionally, the platform allows for exchanges with other traders, provides relevant information in the feed, and autocopy features for successful members&#8217; 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.\n<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nLanguage:\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nEnglish\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nCompany:\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nThe NAGA Group AG\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nHohe Bleichen 12\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n20354 Hamburg\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\" \/>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nGermany\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nE-mail:\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><a rel=\"nofollow\" href=\"mailto:info@naga.com\">info@naga.com<\/a><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nInternet:\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.naga.com&amp;esheet=52392938&amp;newsitemid=20210309005432&amp;lan=en-US&amp;anchor=www.naga.com&amp;index=1&amp;md5=c924586736f2cd56b5eb56d2bcb8c348\">www.naga.com<\/a><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nISIN:\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDE000A161NR7\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nWKN:\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nA161NR\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nIndices:\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nScale 30\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nListed:\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nRegulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nEQS News ID:\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwalignl\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n1174069\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\n\u00a0\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210309005432r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210309005432\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210309005432\/en\/<\/a><\/span><\/p>\n<p>\nBenjamin Bilski<br \/>\n<br \/>Tel:+49 (0)40 5247 79153<br \/>\n<br \/>Email:<a rel=\"nofollow\" href=\"mailto:ben@naga.com,\">ben@naga.com<br \/>\n<\/a><br \/><a rel=\"nofollow\" href=\"mailto:ingo.janssen@ubj.de\">ingo.janssen@ubj.de<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Germany Europe<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Social Media Communications Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>The NAGA Group AG Closes USD 30 Million Financing Framework and Reports Record Growth &#8211; Largest financing arrangement in the company&#8217;s history led by the US fund Yorkville Advisors &#8211; Record of 1 million transactions and EUR 20 billion trading volume in February &#8211; Record number of 37,000 new registrations HAMBURG, Germany&#8211;(BUSINESS WIRE)&#8211; 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 company&#8217;s history to date and further record growth in February 2021. NAGA has signed an agreement with the US Fund Yorkville Advisors securing a growth financing framework of up to USD 30 million. &#8220;We are excited about the deal with Yorkville &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-naga-group-ag-closes-usd-30-million-financing-framework-and-reports-record-growth\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The NAGA Group AG Closes USD 30 Million Financing Framework and Reports Record Growth&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-453286","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The NAGA Group AG Closes USD 30 Million Financing Framework and Reports Record Growth - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-naga-group-ag-closes-usd-30-million-financing-framework-and-reports-record-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The NAGA Group AG Closes USD 30 Million Financing Framework and Reports Record Growth - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The NAGA Group AG Closes USD 30 Million Financing Framework and Reports Record Growth &#8211; Largest financing arrangement in the company&#8217;s history led by the US fund Yorkville Advisors &#8211; Record of 1 million transactions and EUR 20 billion trading volume in February &#8211; Record number of 37,000 new registrations HAMBURG, Germany&#8211;(BUSINESS WIRE)&#8211; 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 company&#8217;s history to date and further record growth in February 2021. NAGA has signed an agreement with the US Fund Yorkville Advisors securing a growth financing framework of up to USD 30 million. &#8220;We are excited about the deal with Yorkville &hellip; Continue reading &quot;The NAGA Group AG Closes USD 30 Million Financing Framework and Reports Record Growth&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-naga-group-ag-closes-usd-30-million-financing-framework-and-reports-record-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-09T08:26:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210309005432r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-naga-group-ag-closes-usd-30-million-financing-framework-and-reports-record-growth\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-naga-group-ag-closes-usd-30-million-financing-framework-and-reports-record-growth\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"The NAGA Group AG Closes USD 30 Million Financing Framework and Reports Record Growth\",\"datePublished\":\"2021-03-09T08:26:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-naga-group-ag-closes-usd-30-million-financing-framework-and-reports-record-growth\\\/\"},\"wordCount\":676,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-naga-group-ag-closes-usd-30-million-financing-framework-and-reports-record-growth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210309005432r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-naga-group-ag-closes-usd-30-million-financing-framework-and-reports-record-growth\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/the-naga-group-ag-closes-usd-30-million-financing-framework-and-reports-record-growth\\\/\",\"name\":\"The NAGA Group AG Closes USD 30 Million Financing Framework and Reports Record Growth - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/the-naga-group-ag-closes-usd-30-million-financing-framework-and-reports-record-growth\/","og_locale":"en_US","og_type":"article","og_title":"The NAGA Group AG Closes USD 30 Million Financing Framework and Reports Record Growth - Market Newsdesk","og_description":"The NAGA Group AG Closes USD 30 Million Financing Framework and Reports Record Growth &#8211; Largest financing arrangement in the company&#8217;s history led by the US fund Yorkville Advisors &#8211; Record of 1 million transactions and EUR 20 billion trading volume in February &#8211; Record number of 37,000 new registrations HAMBURG, Germany&#8211;(BUSINESS WIRE)&#8211; 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 company&#8217;s history to date and further record growth in February 2021. NAGA has signed an agreement with the US Fund Yorkville Advisors securing a growth financing framework of up to USD 30 million. &#8220;We are excited about the deal with Yorkville &hellip; Continue reading \"The NAGA Group AG Closes USD 30 Million Financing Framework and Reports Record Growth\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/the-naga-group-ag-closes-usd-30-million-financing-framework-and-reports-record-growth\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-09T08:26:04+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210309005432r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-naga-group-ag-closes-usd-30-million-financing-framework-and-reports-record-growth\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-naga-group-ag-closes-usd-30-million-financing-framework-and-reports-record-growth\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"The NAGA Group AG Closes USD 30 Million Financing Framework and Reports Record Growth","datePublished":"2021-03-09T08:26:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-naga-group-ag-closes-usd-30-million-financing-framework-and-reports-record-growth\/"},"wordCount":676,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-naga-group-ag-closes-usd-30-million-financing-framework-and-reports-record-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210309005432r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/the-naga-group-ag-closes-usd-30-million-financing-framework-and-reports-record-growth\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/the-naga-group-ag-closes-usd-30-million-financing-framework-and-reports-record-growth\/","name":"The NAGA Group AG Closes USD 30 Million Financing Framework and Reports Record Growth - 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