Germany-listed NAGA Group has integrated the stock analysis features offered by TipRanks into its brokerage platform, following a “strategic partnership” between the two companies. Announced today (Wednesday), the integration will offer research tools to retail investors on NAGA.
“Benefits for Our Users”
“Our collaboration with TipRanks will yield significant benefits for our users,” said Valentin Ilioi, CMO of NAGA. “These enhancements represent our commitment to providing innovative tools that give our traders a competitive edge. By continually improving our platform with TipRanks’ insights, we’re ensuring NAGA remains at the forefront of social trading innovation.”
Furthermore, TipRanks’ integration on NAGA also features a Smart Score system, which rates stocks from one to 10 based on eight important factors.
The demand for TipRanks’ offerings is also growing. Last December, Finance Magnates reported that the Australian division of CMC Invest, the stock trading platform of CMC Markets, had integrated TipRanks’ services for its customers.
Founded in 2012, TipRanks is a stock research platform that provides alternative datasets to retail traders. It uses natural language processing to analyse the performance of professional analysts. Prytek, an international technology group, acquired TipRanks last August in a $200 million deal.
Recently, it enhanced its offerings further with the launch of Spark, its most comprehensive AI stock analyst.
“We believe technology has an important role to play in improving outcomes for every investor, giving individuals access to the tools and insights that were once only the domain of large-scale institutions,” added Uri Gruenbaum, CEO of TipRanks. “We look forward to working closely with NAGA to help their investors further unlock investment opportunities with our cutting-edge technology and simple, yet powerful, data insights.”
NAGA’s Focus on Product Enhancement
Meanwhile, NAGA is also significantly expanding its offerings. It has enabled direct access to Romanian equities, added UAE- and Saudi Arabia-listed stocks, and improved accessibility to crypto CFD trading under a new platform, CryptoX.
In December 2023, NAGA was acquired by CAPEX.com, another online trading brand with a significant presence in the Middle East. With the reverse merger, CAPEX.com’s CEO invested $9 million in NAGA and became the merged entity’s Group CEO.
The Group revenue of the merged NAGA and CAPEX.com totalled EUR 62.3 million in 2024, compared to EUR 77.5 million in the previous year. Group EBITDA amounted to EUR 8.1 million, with a margin of 13%, up from EUR 8.5 million and 11% in 2023.
Germany-listed NAGA Group has integrated the stock analysis features offered by TipRanks into its brokerage platform, following a “strategic partnership” between the two companies. Announced today (Wednesday), the integration will offer research tools to retail investors on NAGA.
“Benefits for Our Users”
“Our collaboration with TipRanks will yield significant benefits for our users,” said Valentin Ilioi, CMO of NAGA. “These enhancements represent our commitment to providing innovative tools that give our traders a competitive edge. By continually improving our platform with TipRanks’ insights, we’re ensuring NAGA remains at the forefront of social trading innovation.”
Furthermore, TipRanks’ integration on NAGA also features a Smart Score system, which rates stocks from one to 10 based on eight important factors.
The demand for TipRanks’ offerings is also growing. Last December, Finance Magnates reported that the Australian division of CMC Invest, the stock trading platform of CMC Markets, had integrated TipRanks’ services for its customers.
Founded in 2012, TipRanks is a stock research platform that provides alternative datasets to retail traders. It uses natural language processing to analyse the performance of professional analysts. Prytek, an international technology group, acquired TipRanks last August in a $200 million deal.
Recently, it enhanced its offerings further with the launch of Spark, its most comprehensive AI stock analyst.
“We believe technology has an important role to play in improving outcomes for every investor, giving individuals access to the tools and insights that were once only the domain of large-scale institutions,” added Uri Gruenbaum, CEO of TipRanks. “We look forward to working closely with NAGA to help their investors further unlock investment opportunities with our cutting-edge technology and simple, yet powerful, data insights.”
NAGA’s Focus on Product Enhancement
Meanwhile, NAGA is also significantly expanding its offerings. It has enabled direct access to Romanian equities, added UAE- and Saudi Arabia-listed stocks, and improved accessibility to crypto CFD trading under a new platform, CryptoX.
In December 2023, NAGA was acquired by CAPEX.com, another online trading brand with a significant presence in the Middle East. With the reverse merger, CAPEX.com’s CEO invested $9 million in NAGA and became the merged entity’s Group CEO.
The Group revenue of the merged NAGA and CAPEX.com totalled EUR 62.3 million in 2024, compared to EUR 77.5 million in the previous year. Group EBITDA amounted to EUR 8.1 million, with a margin of 13%, up from EUR 8.5 million and 11% in 2023.
This post is originally published on FINANCEMAGNATES.
