NAGA Group completes merger with CAPEX.com
The merger of NAGA and CAPEX.com has formed one of the world’s leading neo-brokers with around 1.5 million users in over 100 countries.
The merger of NAGA and CAPEX.com has formed one of the world’s leading neo-brokers with around 1.5 million users in over 100 countries.
NAGA unveiled its new Everything Money strategy, with its vision to simplify money management and investing.
CAPEX.com agreed to acquire NAGA Group in a reverse merger, that will see CAPEX.com shareholders own 75% of the merged entity.
NAGA is in process of being taken over by rival broker Capex.com and its shareholders via a reverse merger.
Octavian Patrascu is positioned to become NAGA’s majority shareholder, with a personal financial investment in the deal.
Ben Bilski effectively ran NAGA from its founding in 2015 until last summer, when he was replaced as CEO by Michael Milonas.
Zach King has more than 80 million followers on TikTok, 29.3 million on Instagram, and 27.2 million subscribers on YouTube.
There is general concern among NAGA Group employees regarding pending layoffs, as Capex.com comes in as the acquiror.
Faisal Morrar joines Capex.com from MultiBank, where he worked as a Senior Relationship Manager.
Managing Partner of Capex.com operator Key Way Group, Octavian Patrascu, will be Chairman of the Board of The NAGA Group AG.