Naga plans to carry out a series of marketing activities. The broker managed to attract investments in the total amount of about €34 million for the global development of the company.
Naga’s trading platform has already received a €30 million guarantee from Yorkville Advisors. These funds will flow into the company’s account over a three-year period. The broker last issued more than 4.2 million shares at €8 per share, which were available to investors from Europe.
One of Naga’s popular products is its proprietary social trading service. The broker has now also launched a payment platform and an online platform for securities trading.
Demand for the company’s services is steadily growing. In its third quarterly report for 2021, the broker reported earnings of $21 million, which is considered its record profits.