简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The Extraordinary General Meeting of NAGA shareholders has voted overwhelmingly in favour of the merger with CAPEX.com, reaching an impressive 99.81% approval rate.
The Extraordinary General Meeting of NAGA shareholders has overwhelmingly approved the merger with CAPEX.com, with an impressive vote of 99.81%.
Octavian Patrascu, the newly appointed CEO of NAGA AG, will spearhead the transformation of the company into the “New NAGA,” underpinned by a robust regulatory framework boasting 9 licenses, with 2 more in the pipeline, and a network of 12 global offices, significantly expanding the Group's global presence and its ability to cater to clients in over 100 countries.
With an augmented user base exceeding 1.6 million registered users, the “New NAGA” aims to surpass the 5 million mark by 2025/26, leveraging the technological ecosystem and operational infrastructure of Capex to optimize NAGA's client base.
The merger is anticipated to generate substantial synergies, driving growth in client lifetime value and overall profitability, bolstered by a wider talent pool and enhanced local presence through the 9 CAPEX offices.
Following the completion of the merger, Patrascu will emerge as NAGA's majority shareholder, having personally invested in the deal. He outlined the company's strategic roadmap, emphasizing the seamless integration of all four financial verticals into the NAGA SuperApp.
The strategic roadmap includes several key initiatives aimed at driving NAGA's growth and enhancing its offerings. Firstly, there are detailed plans for market expansion, with a focus on penetrating new markets and diversifying customer segments to strengthen NAGA's market share and competitive standing. Secondly, significant upgrades are planned for the NAGA app, prioritizing improvements to the user experience, the development of a community-based ecosystem, integration of AI technologies, and the introduction of unique features. Lastly, the roadmap emphasizes the unification of existing NAGA services into a single, integrated platform known as the NAGA SuperApp. This SuperApp will provide users with a comprehensive suite of services encompassing trading, investing, cryptocurrency, neo-banking, and personal finance management, offering a seamless and holistic financial experience.
Pending regulatory approvals and entry of resolutions in the commercial register, the strategic merger is poised to enhance NAGA's financial efficiency, leveraging synergies that could surpass $10 million annually. Additionally, joint strategies are expected to enhance marketing efficiency, reduce client acquisition costs, and amplify brand recognition.
Patrascu expressed his excitement about the approval of the merger and the proposed Supervisory Board, underscoring the significance of the vote in advancing NAGA's global expansion and the evolution of the SuperApp into a pioneering all-in-one user experience in the fintech landscape.
With a proven track record of identifying growth opportunities and delivering exceptional outcomes, Patrascu's leadership is poised to drive NAGA's transformation. His successful tenure at Capex, marked by global expansion and significant exits from high-profile ventures, underscores his strategic acumen and ability to navigate complex market dynamics.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
There are many illegal platforms that offer financial services to clients. These scammers hide the risks involved because their main goal is to steal your money. That’s why it’s so important to understand the dangers of trading on illegal forex platforms
Trade Capital Limited is in the news for conducting bad practices as a forex broker. Check out the unethical practices employed by it to scam investors in this article.
Pay Attention! This is a serious warning you shouldn't ignore. Check out this article and know the 5 red flags about the Mirrox that every trader must be aware of.
Only scam brokers never disclose the risks present in their trading platforms to their clients. They hide all red flags and aggressively promote their services and products. In this article, you’ll discover the 5 major warnings about FXPRIMUS that you must know before choosing this forex broker .