NAGA Group adjusts 2021 and 2022 financial forecasts
NAGA’s brokerage business has generated more than €33.5 million in revenue in the first half of 2022, versus €22.3 million in 2021.
NAGA’s brokerage business has generated more than €33.5 million in revenue in the first half of 2022, versus €22.3 million in 2021.
Already, NAGA has seen more brokerage sales in year-to-date 2022 than in the entire first half of 2021.
While equity markets globally are taking a hit today, a number of Retail FX firms have reacted especially harshly.
Two of 2021’s market darlings among public traded Retail FX brokers – Swissquote and NAGA.com – have performed the worst YTD in 2022.
This marks the third fundraising in 2021 for the fast-growing NAGA, which operates social trading focused website naga.com.
NAGA.com operator NAGA Group has raised €22.7 million from investors including Christian Angermayer and Igor Lychagov.
NAGA has filed an application with OTC Markets Group for cross listing of shares on the OTCQX Venture Market.