Fosun Investment

(Hamburg / Shanghai) – Leading Chinese investment group FOSUN invests €12.5 million in Hamburg-based FinTech firm THE NAGA GROUP AG.

• Leading China-based investment group FOSUN invests €12.5 million in German FinTech The Naga Group AG
• Largest Series A for Fintechs in Europe 2017
• Expansion of NAGA ́s trading network “SwipeStox” in focus NAGA and FOSUN to expand business in Asia

Hamburg / Shanghai, 30.03.2017

Today THE NAGA GROUP AG (NAGA) reported one of Europe’s largest FinTech Series A investments in 2017 by FOSUN, a global leading Chinese investment group. NAGA specializes in disruptive financial trading technologies and is the brain behind SwipeStox, the social network for stock traders, of which globally distributed users traded more than €20 billion within 9 months after launch.

FOSUN Group ́s founder and chairman Guo Guangchang said: "We are delighted to join forces with a leading innovator in trading technologies. NAGA convinced us with the vision to disrupt the trading space with its experienced team and strong technology focus. We will integrate NAGA and SwipeStox into our group synergy network, which will give NAGA direct access to markets across Asia and the world.”

NAGA Group ́s CEO; Yasin Sebastian Qureshi: "We are excited about our partnership and especially being the first FinTech firm with a solid bridge into China mainland. Being one of Europe’s largest early growth investments with only 18 months after incorporation, shows our ambition to grow fast and become a major force as the provider of trading solutions worldwide. Benjamin Bilski, Founder & CEO of SwipeStox adds: “Together with FOSUN we will accelerate our product development for SwipeStox and expand into more areas in the trading ecosystem. We are aiming to become the largest social network for stock traders worldwide.”