NAGA was founded in Germany in 2015.[7]
In 2017, NAGA Group AG was listed on the Frankfurt Stock Exchange,[8][9] and was included in the list of Red Herring 100 2017 Winners.[10] The German magazine Capital.de criticized NAGA's ICO process right after its initial public offering (IPO) in 2017, saying that it was made possibly in a hurry and was quite quick.[11]
Fosun International, a Chinese holding company, is a shareholder of NAGA since 2017.[12][13]
In 2021, the company launched NAGA Pay, a mobile banking and investing app that combines an IBAN account, a VISA debit card, a share deposit, copy trading, and physical crypto wallets.[14]
NAGA Group AG develops a social investing platform (with 1 million users), crypto platform and a mobile banking and investing app.[15]
In October 2022, NAGA Group AG acquired a licensed company in Seychelles, named Naga Capital Ltd.[16]
In 2024, NAGA Group merged with Key Way Group Ltd., also known as CAPEX Group. The merger has formed one of the world's leading neo-brokers with around 1.5 million users in over 100 countries.[17][18][19][20]
In September 2024, NAGA Group announced that it would be the official sponsor and partner of Borussia Dortmund, a German football club.[21] This would give NAGA Group exclusive rights to BVB Partner's logo.[22] Mike Tyson also became one of NAGA Group's brand ambassadors in late 2024, with Tyson appearing in several advertisements for NAGA.[23]