The Naga Group AG: management transactions · Germany · BaFin

About The Naga Group AG

The NAGA Group AG is a German-listed fintech company traded on Xetra/Frankfurt (DAX/MDAX/SDAX) under ISIN DE000A161NR7. The company is headquartered in Hamburg, Germany. Its origins date back to 2016, when it was founded in Hamburg with the ambition of democratizing access to financial markets through a digital, social and integrated model. Over time, NAGA evolved from an online trading concept into a broader multi-product platform built around the idea of a “SuperApp” for investing and money management. ([group.naga.com](https://group.naga.com/about-the-company?utm_source=openai)) From an operating perspective, NAGA’s platform combines retail trading and investing in equities and ETFs, CFD/derivatives access where permitted, social trading and auto-copy functionality, crypto-related services, digital wallet features, and payment solutions such as NAGA Pay and a VISA-linked card in selected markets. The company’s core value proposition is its proprietary technology stack, which aims to unify trading, investing, crypto, payments and social interaction inside a single interface. This integrated model is designed to increase user engagement and create cross-sell opportunities across product lines. ([group.naga.com](https://group.naga.com/newsroom/the-naga-group-ag-publishes-2024-half-year-report-following-the-merger-with-key-way-group?utm_source=openai)) NAGA’s corporate history reflects several strategic inflection points. The business started under the SwipeStox brand and then rebranded to NAGA, before expanding into crypto and payments. Another important milestone was the strategic merger with Key Way Group, operator of CAPEX.com, completed in 2023-2024. Management has described this transaction as transformational, because it expanded the user base, deposit base and trading activity, while supporting a stronger profitability profile through operational synergies and cost optimization. ([group.naga.com](https://group.naga.com/about-the-company?utm_source=openai)) In terms of competitive positioning, NAGA sits at the intersection of online brokerage, social investing and fintech. Its differentiation lies in combining copy trading, social feed features, crypto tools and neo-banking functionality within one brand architecture. The company targets retail investors internationally and emphasizes a broad geographic footprint, with operations across multiple jurisdictions and local offices. Recent corporate communications state that the group serves more than 2.5 million registered users in over 100 countries, underscoring its international reach while keeping Germany as the corporate anchor. ([group.naga.com](https://group.naga.com/newsroom/the-naga-group-ag-announces-preliminary-fy-2025-financial-results?utm_source=openai)) Recent news has centered on performance, integration and strategic repositioning. In 2025, NAGA reported half-year revenue and EBITDA growth, then lowered full-year guidance in December as unusually low market volatility reduced trading activity and revenue per active customer. In February 2026, the company published preliminary FY2025 results showing revenue of about EUR 62.4 million and positive EBITDA. In April 2026, NAGA reported its first profitable first quarter in company history and reiterated its 2026 outlook. Management has also highlighted artificial intelligence as a core growth driver for the next phase of development. ([group.naga.com](https://group.naga.com/newsroom/the-naga-group-ag-reports-preliminary-h1-2025-results-revenues-and-ebitda-growth-despite-higher-marketing-investments?utm_source=openai))