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NAGA Group achieves €31.7 million revenue in H1 2024 after Key Way Group merger
NAGA Group AG’s revenue reached €31.7 million in the first half of 2024, boosted by its merger with Key Way Group. The merger nearly doubled NAGA’s user base, deposits, and trading volume, with cost-cutting measures leading to an 85% jump in EBITDA.
NAGA Group AG’s half-year report reveals €31.7 million in revenue in H1 2024, following its merger with Key Way Group, owner of CAPEX.com. The merger nearly doubled NAGA’s user base, deposits, and trading volume. This growth aligns with a strategic shift focused on profitability and efficiency, reducing direct expenses by 30% and operating expenses by 23%. EBITDA rose by 85% to €2.8 million.
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New “Everything Money” Hub and Dortmund partnership
NAGA launched an integrated “Everything Money” platform, combining trading, investing, crypto, and payments in one place for simplified financial management. Additionally, NAGA partnered with Borussia Dortmund, gaining exclusive branding rights and visibility at Signal Iduna Park.
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Last update: Oct 31, 2024