Ben Belsky, the founder of NAGA who recently stepped down as CEO to become the company’s CIO, said he wants to help the German fintech company “innovate further and shape it from a product and platform perspective along with its growth path.” Bilski said this today (Monday) in a LinkedIn post to announce his new role.
Bilski founded NAGA in 2015. The company operates as a new regulated broker, new banking app, and cryptocurrency platform that gives users access to trading opportunities in stocks, forex, and cryptocurrencies. NAGA is also a popular social trading platform.
Writing on LinkedIn Monday, Bielski described the process of creating NAGA, taking the company public and building the company’s platforms as a “lifelong learning experience.”
Hence, I will return to my roots and bring my skills to broaden the vision of our platform,” Bielski wrote. “The vision was and still is to build an all-in-one platform that serves the needs of tomorrow’s customers.”
He further explained: “User behavior and requirements are changing rapidly. The new generation is becoming more solvent and is also gaining purchasing power and spending year after year. Everything is becoming digital and eventually platforms that are inclusive by their DNA and offer all at once will win the race.” .
Last month, a NAGA regulatory filing showed that Bielski had decided to step down as CEO. The company also revealed that it has appointed Michael Milonas, Co-CEO, to take over the leadership of the company as Group CEO. In addition, NAGA has named Sam Chaney as its new Chief Commercial Officer.
NAGA plans for the next one
During the first quarter of the year, NAGA revenue fell 36% year-on-year to €11.6m despite reporting a profitable start to the year. However, last month the company raised $8.2 million in convertible notes from a funding round.
In a letter to the company’s stakeholders published on Monday, Milonas noted that the company has expanded its market share despite “intense competition as well as a tightening regulatory framework.”
“We are not as bold as saying that everything that happened in the last three years was perfect, but at least our decisions were ours and we owned them,” the group’s new CEO wrote in the letter.
He added, “We feel we understand the users of the future and everything that drives them. There are more people and there is more wealth on this planet right now than ever before and they all want the same thing: community, social, mobile phone, technology, access to financial opportunities, payments at their fingertips, sharing with each other and learning from each other . NAGA is delivering that future right here, today.”
Mellon further noted that NAGA in 2023 and beyond will “continue to focus on strategic investments to meet the expanding market opportunities.”
“Our goal is to move quickly to solidify and expand our existing position as we pursue serious acquisition opportunities and welcome them into our family, into our unique technology and ecosystem,” explained Milonas..
new CNMV warning; recurring payments via Praxis; Read snippets of today’s news.
Ben Belsky, the founder of NAGA who recently stepped down as CEO to become the company’s CIO, said he wants to help the German fintech company “innovate further and shape it from a product and platform perspective along with its growth path.” Bilski said this today (Monday) in a LinkedIn post to announce his new role.
Bilski founded NAGA in 2015. The company operates as a new regulated broker, new banking app, and cryptocurrency platform that gives users access to trading opportunities in stocks, forex, and cryptocurrencies. NAGA is also a popular social trading platform.
Writing on LinkedIn Monday, Bielski described the process of creating NAGA, taking the company public and building the company’s platforms as a “lifelong learning experience.”
Hence, I will return to my roots and bring my skills to broaden the vision of our platform,” Bielski wrote. “The vision was and still is to build an all-in-one platform that serves the needs of tomorrow’s customers.”
He further explained: “User behavior and requirements are changing rapidly. The new generation is becoming more solvent and is also gaining purchasing power and spending year after year. Everything is becoming digital and eventually platforms that are inclusive by their DNA and offer all at once will win the race.” .
Last month, a NAGA regulatory filing showed that Bielski had decided to step down as CEO. The company also revealed that it has appointed Michael Milonas, Co-CEO, to take over the leadership of the company as Group CEO. In addition, NAGA has named Sam Chaney as its new Chief Commercial Officer.
NAGA plans for the next one
During the first quarter of the year, NAGA revenue fell 36% year-on-year to €11.6m despite reporting a profitable start to the year. However, last month the company raised $8.2 million in convertible notes from a funding round.
In a letter to the company’s stakeholders published on Monday, Milonas noted that the company has expanded its market share despite “intense competition as well as a tightening regulatory framework.”
“We are not as bold as saying that everything that happened in the last three years was perfect, but at least our decisions were ours and we owned them,” the group’s new CEO wrote in the letter.
He added, “We feel we understand the users of the future and everything that drives them. There are more people and there is more wealth on this planet right now than ever before and they all want the same thing: community, social, mobile phone, technology, access to financial opportunities, payments at their fingertips, sharing with each other and learning from each other . NAGA is delivering that future right here, today.”
Mellon further noted that NAGA in 2023 and beyond will “continue to focus on strategic investments to meet the expanding market opportunities.”
“Our goal is to move quickly to solidify and expand our existing position as we pursue serious acquisition opportunities and welcome them into our family, into our unique technology and ecosystem,” explained Milonas..
new CNMV warning; recurring payments via Praxis; Read snippets of today’s news.