Yasin Sebastian Qureshi (Founder, Executive Director) and Benjamin Bilski (Founder, Executive Director) © Maximilian Probst
What inspired you to found your startup?
The core idea was that wealth was kept artificially cryptic, and our object was to make it accessible. The true democratization of wealth will break through the conservative and restricting framework of the current financial industry and markets.
How are you different? What is your unique value proposition?
We have a whole ecosystem. We have easier and more user-friendly applications than our competitors, innovative solutions, and decentralized and transparent data management. We also have many years of expertise and complementary experience in banking, law, and technology.
How do you define success for yourself and your company?
When you fulfill your own, your customers’, and your investors’ expectations and change things to truly make an impact with your initial idea and desires, something that was created in your mind becomes reality.
What do you want to achieve next year?
The launch of NAGA ACADEMY, NAGA EXCHANGE and NAGA WEALTH.
Why do people want to work at your company?
We work in an interesting and innovative business field, with an experienced staff in a friendy working atmosphere.
What has been the most important milestone so far?
Joint Venture with Fosun (2016), NAGA IPO, NAGA Token Sale.
Looking back at your whole development story — what makes you most proud?
It makes me proud that I changed the lives of many people and families for the better. Long-lasting improvements have occured as a result of us having started the company,and we’ve left a footprint in terms of changing and improving peoples lives.
Where do you see your company in 5 years?
Basically we see Naga as the gateway to truly democratize wealth, and to grant access to tools to improve people’s financial development. The tools, ways and rules are not predefined, but are determined by the market’s development.
What is your impression of launching a startup from your based city?
Germany is a highly risk-averse market. Creating something disruptive basically generates a huge resistance. The culture is not really embracing an entrepreneural spirit, which was kind of a handicap.
What is your impression of the german startup scene? Would you change anything?
Yet starting in Germany provided us with a pool of different talents, international talents, skill sets and mind sets ranging from East Asia over Russia to Latin Amercia which finally formed Naga. Also some of the original German skills as diligence and precision have certainly played a role.
The Naga Group AG was featured in “The Hundert Vol. 10 – Startups of Germany“, November 2018.