NAGA Group and CAPEX.com Successfully Merger as Planed

Seven weeks after receiving regulatory approval, fintech group NAGA Group and Key Way Group Ltd., the parent company of online trading brand CAPEX.com, have successfully completed their strategic merger.

Organizational changes within NAGA were completed on August 21st.

Over the next few days, CAPEX.com customers will begin migrating to NAGA's ecosystem, experiencing a host of new features and extensive service enhancement in NAGA's App. The merger of the two businesses is expected to impact 1.5 million users in more than 100 countries and regions worldwide.

The merge is also a significant consolidation for the trading industry and could be a game-changer. Following the merger, the business holds eight licenses globally, resulting in annual cost savings of €9 million. Annual trading volumes are expected to reach around €270bn with earnings before interest, taxes, depreciation, and amortization (EBITDA) of €4m.

Octavian Patrascu, CEO of NAGA Group, said, “I’m thrilled about the successful merger and the new opportunities it brings. We’ve executed this as planned, setting the stage to focus on synergies and drive growth. At the new NAGA, maintaining our startup DNA is essential – we’re committed to moving fast, staying innovative, and challenging the status quo with our products while embracing the efficiencies and processes of a larger, more structured organization. Our team is energized and aligned as we embark on this new chapter, and we’re excited about the road ahead.”