NAGA Group Completes Strategic Merger with CAPEX.com

The NAGA Group has successfully completed its strategic merger with Key Way Group Ltd., the operator of CAPEX.com, following the resolution of all regulatory approvals. This merger, initially announced in December 2023​, has resulted in the formation of one of the world's leading neo-brokers, boasting approximately 1.5 million users across over 100 countries.

The merger was formalized through the resolution of the company's Extraordinary General Meeting on April 12, 2024​, with organizational changes being finalized by August 21, 2024.

The merger is set to significantly enhance NAGA's global reach and operational capabilities. NAGA Group CEO Octavian Patrascu expressed enthusiasm about the merger, stating, "We've executed this as planned, setting the stage to focus on synergies and drive growth." He highlighted the importance of maintaining NAGA's innovative startup spirit while integrating the efficiencies of a larger organization. The migration of CAPEX.com users to the NAGA platform is expected to begin soon, offering enhanced features and service improvements that distinguish NAGA from its competitors.

NAGA anticipates substantial benefits from the merger, including annual cost savings of up to EUR 9.0 million and a positive EBITDA effect of around EUR 4.0 million. The merger is also expected to lead to further efficiency gains in areas such as regulatory overheads, personnel, and trading costs, as well as customer acquisition expenses. NAGA plans to leverage its expanded platform to offer advanced features like social trading, neo-banking, and crypto trading, thereby increasing the lifetime value of CAPEX.com's existing users and driving overall profitability.