The merger between NAGA Group AG and Capex.com is set to revolutionize the financial industry, marking itself as the largest strategic merger in the world of Fintech. This collaboration, fueled by a non-cash capital increase and a cash injection of $15 million from Capex and its Founder, Octavian Patrascu, through a convertible bond, aims to create a powerful Fintech platform with a massive user base of 1.5 million worldwide and projected revenues exceeding $250 million over the next three years.
The collaboration anticipates a strong financial foundation, with a projected revenue close to $90 million and an EBITDA of $6 million in 2023. Capex.com, a multi-asset brokerage, will integrate seamlessly into NAGA Group AG, fortifying the company's global presence. With Capex's globally regulated FinTech platform and NAGA's wealth of experience in providing users with a comprehensive financial platform, this merger marks a strategic move for NAGA, augmenting its capabilities and expanding its reach.
Capex has demonstrated impressive growth, with an 80% Compound Annual Growth Rate (CAGR) over the last three years. Despite market challenges, Capex has obtained licenses in Europe and Abu Dhabi and attracted over 60,000 active users in 2023 alone. The monthly sign-up growth of more than 15,000 on average showcases its popularity. With Capex's current equity financing at $31 million and a projected revenue of $40 million for 2023, the future is indeed promising.
Immediate synergies are at play, with cost synergies exceeding $10 million annually, ensuring streamlined and efficient operations. This transformative journey sets the stage for shaping the financial industry, demonstrating strategic commitment, synergistic capabilities, and a vision for the future. The merger establishes a formidable competitor, ready to pioneer new frontiers in the Fintech industry.
Discover the Power of Design Excellence in Fintech:
At UXBoga we understand that exceptional UI/UX design is crucial for the success of any business in the Fintech industry. Crafting user-centric, intuitive experiences that enhance engagement, growth, and user satisfaction is our specialty. As NAGA and Capex embark on their journey towards design excellence, we invite you to join us in transforming your own Fintech venture. Connect with us today to learn more about our services and the importance of investing in UI/UX design for your business's success.
Mar 15, 2022
