NAGA and CAPEX.com Merger Approved by Shareholders

NAGA, a fintech company listed on the Frankfurt Stock Exchange, announced on Monday (April 22) that its shareholders have agreed to a merger with CAPEX.com.

The case was voted on at an Extraordinary General Meeting of the Shareholders held by NAGA on April 12, with the vote showing 99.81% in favor.

The merger between NAGA and CAPEX.com is said to capitalize on synergies between the two companies and improve NAGA's financial efficiency. The merger is also expected to improve marketing efficiency, reduce customer acquisition costs, and increase brand reach and awareness. NAGA plans to surpass more than five million registered users by 2025/26.

Octavian Patrascu, NAGA's newly appointed CEO, said: "This EGM was a first for me as the CEO of NAGA Group and I'm excited that it resulted in the approval of the merger and the new proposed Supervisory Board, with such a significant voting majority. Securing this vote will allow us, after the regulatory approvals for the merger, to execute the new business plan. We are expanding the global reach of NAGA and upgrading the SuperApp to offer a true all-in-one user experience, unique in the world of Fintech."

Patrascu is the founder and CEO of CAPEX.com. After the merger is approved, he becomes the majority shareholder of NAGA.

At the EGM, he envisioned the future of the "New NAGA," which will have nine licenses and two additional in the process of approval, as well as 12 offices around the world to serve clients in hundreds of countries. The company also plans to launch a comprehensive platform, NAGA SuperApp, which will integrate four financial verticals to create a unified ecosystem that will provide clients with complete and diverse services ranging from cryptocurrency investments to personal finance management.