The NAGA Group AG

  • WKN: A161NR
  • ISIN: DE000A161NR7
  • Land: Deutschland

Nachricht vom 25.02.2019 | 11:00

The NAGA Group AG: 'We combine Social Investing and Savings' - NAGA launches new proprietarily created 'Interest-CFD' with 2% p.a. performance and no fixed terms

DGAP-News: The NAGA Group AG / Key word(s): Product Launch

25.02.2019 / 11:00
The issuer is solely responsible for the content of this announcement.


Hamburg - Monday, February 25, 2019

Hamburg-based NAGA GROUP (NAGA) - a listed financial company and FinTech with a focus on social investing platforms, trading, virtual goods, and cryptocurrencies - has launched its new INTEREST-CFD that enables investors to combine Social Investing aspects and savings ideas from now on.

The Interest-CFD is the first CFD that NAGA and its subsidiary NAGA Markets Ltd. issue on their own initiative. The expansion of the product range is intended not only to appeal to existing members of the Social Investing platform, but also to traditional savers who are disappointed by the low interest rate environment in the euro zone.

The new Interest-CFD enables investors to benefit from global interest rate differentials from as little as 100 EUR. Thanks to state-of-the-art financial technology, NAGA can automatically pass on interest rate differences to its own customers, while at the same time ensuring full transparency and control.

Yasin Qureshi, Executive Director of NAGA, is convinced of the product: "Given the inflation rate of over 1.7% in 2018 and the ECB's zero interest rate policy, it is simply not worth saving conventionally at the moment. With the NAGA Interest-CFD we are adding an innovative savings element to our Social Investing experience. A campaign such as the Interest-CFD's is also the start for NAGA to launch further comparable financial products on the market via the NAGA Trader Social Investing Platform."

Investors can open the NAGA Markets account to buy the NAGA Interest-CFD for free and fully digital under https://www.naga.de in a few minutes. The account funding can be done through direct debit from a German bank account, credit card, online payments or crypto currencies. After buying the NAGA Interest-CFD investors can track their performance with the NAGA Trader app or in a web browser. The account comes without financing fees, is fully secured and the Interest-CFD can be sold any day without extra fees. In addition, the investors get full access to the NAGA platform and will become a part of the more than 500,000 members Social Investing network.

Ben Bilski, Executive Director of NAGA, explains: "Thanks to our platform strategy and our technology infrastructure we can offer the NAGA Interest-CFD as an easy-to-understand alternative for digital investing. With the possibility to invest from as little as 100 EUR and to have full control over the investment at any time via the NAGA Trader, we created a product with a high degree of user experience."

The NAGA Interest-CFD campaign will be launched at the end of February by an official TV spot on German pay-TV channel SKY and by perimeter advertising at HSV home games in Hamburg's Volksparkstadion.

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Tags, Keywords:
The NAGA Group
NAGA
Social Investing
Financial company
NAGA Interest CFD
Interest rate
Savings
Yasin Sebastian Qureshi
Benjamin Bilski

______________________________

THE NAGA GROUP AG:
THE NAGA GROUP AG (NAGA) was founded in August 2015 by Yasin Sebastian Qureshi and Benjamin Bilski. The company's goal is to drive the development, marketing and growth of disruptive applications for financial technology, and to actively participate in the change and opening up of the existing financial system. The word "NAGA" is Sanskrit and means "Cobra snake". It is also the name of the world's hottest chillies.

Link THE NAGA GROUP Website: https://www.naga.com

______________________________

Contact:
The NAGA Group AG
Neustädter Neuer Weg 22
20459 Hamburg
E: press@naga.com



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The issuer is solely responsible for the content of this announcement.

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