- NAGA Group has successfully merged with Key Way Group, enhancing its global presence and integrating CAPEX.com user base into its ecosystem.
- The merger aims to streamline operations and achieve annual cost savings of EUR 9 million by leveraging shared technology and processes.
NAGA Group has successfully merged with Key Way Group, the parent company of CAPEX.com, finalizing the deal within just six weeks after receiving all necessary regulatory approvals.
With approximately 1.5 million users across over 100 countries, NAGA is set to integrate CAPEX.com user base into its ecosystem, offering a wide range of features, including social trading, neo-banking, and cryptocurrency trading.
By utilizing shared technology and regulatory processes, NAGA expects to achieve cost savings of up to EUR 9 million annually. The integration of CAPEX.com users into NAGA’s platform is scheduled to begin soon, enhancing the user experience and potentially boosting EBITDA by around EUR 4 million each year.