The NAGA Group AG is a German publicly listed FinTech company (market cap >250m EUR) with a focus on financial markets, virtual goods, and cryptocurrencies. Founded in 2015, NAGA successfully IPO'd in 2017, and then acquired the world's second largest ICO investor base with more than 63.000 subscribers in the NAGA token sale (raised >50m USD) just a few months after the company's debut on the Frankfurt Stock Exchange.
The NAGA Development Association Ltd. (“NDAL”) has partnered with The NAGA Group AG (“NAGA”) to introduce the NAGA COIN (“NGC”), a utility token that will serve as the unit of account in all existing and future projects of NAGA. The NAGA Group AG is a German holding of technology companies which was founded in 2015 and is listed on the German Stock Exchange (the group companies of the NAGA Group AG hereinafter collectively referred to as “NAGA”). Over the last 2 years, NAGA has raised over $15m in capital from various prestigious investors, such as one of Europe’s oldest banks Hauck & Aufhaeuser (founded 1796) and from China’s largest private investment conglomerate FOSUN. NAGA also performed the fastest German IPO within the last 15 years.1 The company employs more than 120 people and operates in the capital markets and gaming domain. On the 10th of July 2017, NAGA AG was listed at the Frankfurt Stock Exchange with an issuing price of €2.60 per stock. Just 3 months later, the stock price is trading over 400% above the issue price and has become one of the most successful and most traded retail stocks in Germany. NAGA specializes in the development of cutting edge technology for capital markets and gaming. The company operates and owns an EU-licensed brokerage company, one of the fastest growing social networks for trading (NAGA TRADER ) with millions of EUR in realized revenues, and a virtual goods exchange (Switex), which is backed by one of the world’s largest exchanges as a Joint Venture partner. NAGA’s technology expertise ranges from financial markets, robo-advisory and algotrading to gaming and blockchain technology. Given the fact that the financial service sector is still inaccessible (it still unnecessarily requires banks) for over 2 billion people and heavily complex, with non-transparent cost structures, and that there is no central solution to these problems, NAGA’s mission is to open up the world of trading financial and virtual goods to everyone in one unified platform. NAGA identified three major problems of the financial service sector: Firstly, it is still inaccessible for over 2 billion people and heavily complex. Secondly, there are no one-stop solutions where users can securely and reliably store their data and have a complete product offering for trading. Thirdly, cost structures in these sectors are non-transparent and disadvantageous to the user.