The Naga Group AG, a company specialising in disruptive trading technologies in the financial sector, has today launched a successful stock exchange debut on the open market (free market) of Deutsche Börse AG. The shares (WKN A161NR, ISIN DE000A161NR7) were included in the “Scale” trading segment. The first price was set at EUR 3.60, an increase of 38% on the offer price of the multiple IPO of 2.60 EUR. In total, 1,000,000 new registered bearer shares of The NAGA Group AG were offered to private and institutional investors in Germany, Austria, Spain and Switzerland.
BaFin has approved the securities prospectus for the planned flotation of The NAGA Group AG (NAGA) in the Frankfurt stock exchange segment “Scale” with a likely first listing on 10 July 2017. 1 million new shares of €2.60 each will be offered for subscription from 8 June 2017. Subscription is available via DirectPlace at FWB (Frankfurter Wertpapierbörse or Frankfurt stock exchange) or NAGA’s own trading app SwipeStox and website at preferential conditions.
Red Herring announced its Red Herring Europe award winners on 26 April 2017 at the Top 100 forum. Red Herring Top 100 Europe enlists outstanding entrepreneurs and promising companies. It selects the award winners from approximately 1,200 privately financed companies each year in the European Region.
Today THE NAGA GROUP AG (NAGA) reported one of Europe’s largest FinTech Series A investments in 2017 by FOSUN, a global leading Chinese investment group. NAGA specializes in disruptive financial trading technologies and is the brain behind SwipeStox, the social network for stock traders, of which globally distributed users traded more than €20 billion within 9 months after launch.
Hamburg-based FinTech firm Naga Group AG and Deutsche Börse Group are to launch the first global exchange for virtual gaming products. The two companies have set up the joint venture firm Switex GmbH which will launch the world’s first neutral, secure and reliable platform for the exchange and trade of in-game items.
After two rounds of selection, 9 start-ups were selected to pitch for the finals and the main prize was finally awarded to SwipeStox, the ultimate social trading app. The German – based start-up shares the expertise of the most successful traders within the app to help its users become high paid leaders. Through the implementation of live trades and ability to copy them, users can “profit from the wisdom of millions of other traders”.
After a six-month trial, users of SwipeStox are getting access to live trading via an FCA regulated brokerage. Social trading app for iOS and Android Swipestox is officially launching live trading after a six month trial period. Users who are willing to take it to the next level with a live trading account will gain access to the market via FCA regulated brokerage, One Financial Markets.
With winter winds putting white caps on the waves of the typically mild-mannered Thames, another FinovateEurope is officially in the books. We could not be more grateful to all those who demonstrated their latest fintech innovations live on stage in front of our record-setting audience here at Old Billingsgate Market Hall. And after two days of demos, our attendees have weighed in on which technologies will earn the coveted title of Best of Show.
The Naga Group AG, Hamburg, makers of social trading app SwipeStox, and one of Germany’s largest private banks Hauck & Aufhäuser, Frankfurt, have closed a participation agreement. Social trading app SwipeStox will offer its users the trading of foreign currency and securities in a unique and transparent manner. Its highly versatile and easily accessible network technology differentiates SwipeStox from existing social trading apps. It joins both, the professional, as well as the casual trader.
With its first App SwipeStox in stores, FinTech company The Naga Group AG, Hamburg, has closed an exclusive alliance with programming experts Ministry of Programming, Sarajevo, also known as the Ministry. Having announced several upcoming fintech developments this move signals a significant step for Naga in securing the necessary programming resources to deliver high quality products.
SwipeStox the self-proclaimed “Tinder for trading,” lets you “swipe and trade” following advices from successful professional traders, who themselves make cash when being copied.
Created by the Naga Group AG, a Hamburg-based fintech firm founded in October 2015, SwipeStox is a mobile social trading app that allows people to trade Forex, Indices and CFDs by copying other trades created by from experienced traders.
Roger Hynes and Marc Aspinall of Black Lake Financial Ltd., London, and The Naga Group AG, Hamburg, have joined forces to market and promote mobile social trading. Both Aspinall and Hynes add over 30 years of experience at Snr. level in the financial and e-commerce industry to Naga’s growing network of specialists. Roger Hynes was MD of CMC Markets for 10 years and Marc Aspinall was most recently Global Head of Sales for ADS Securities and prior to that Group Director of Partners Distribution
The FinTech-Start-up takes on out-dated financial system and vows to mobilize the people. Yasin Qureshi, founder and CEO of newly formed THE NAGA GROUP AG, Hamburg, has committed his new organisation to seriously take on, what he calls, a most out-dated financial system. He expressly included his former own bank, which he built himself from scratch.
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