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MyBucks (MBC)

Business description

MyBucks is a Luxembourg fintech company listed in Frankfurt. It provides unsecured loans, banking solutions and insurance to consumers and SMEs in 11 African and two European countries and Australia. It uses AI technology to assess creditworthiness and is fully integrated with local banking systems.

Stock data

Market cap.€126.4m
Last close€9.75
High / Low (52 weeks)€15.7 / €8.0
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamFinancials
SectorFinancials

Price performance

%1m3m12m
Actual11.7(27.2)(29.1)
Relative *13.4(23.6)(30.2)

* % Relative to local index

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Company news

Latest research

Balanced focus on growth and margins

Update | Financials | 06/06/2018

Growth pains

Update | Financials | 09/01/2018

Emerging market fintech

QuickView | Financials | 15/11/2017

Emerging market fintech

Initiation | Financials | 07/04/2017

Microfinance in growing markets

QuickView | Financials | 09/11/2016

AKTUELLE VERÖFFENTLICHUNGEN

MyBucks

MyBucks: Ausgeglichene Fokussierung auf Wachstum und Margen

06/06/2018
MyBucks

Wachstumsschmerzen

09/01/2018
MyBucks

Fintech für Schwellenländer

07/04/2017

Investment summary

Artificial intelligence (AI)-driven MyBucks (MBC) has made notable progress in recent months. The strategic partnership with NAGA is a key step in developing MBC’s digital banking business and builds on the H1 turnaround in banking results. These, along with improved cost ratios, partly countered the still burdensome level of financing costs, as the group swung into pre-tax profit from losses in the prior year. This takes the company a step closer to becoming net earnings positive. Debt refinancing costs are being reduced and a €11.7m gross private placing was undertaken in February. MBC is also well positioned for organic growth through the launch of new insurance and lending products and plans to integrate its TESS user experience product throughout its operations.

Last updated on 06/06/2018

Key management

Tim Nuy, Executive Director

Company address

14, rue Edward Steichen
Luxembourg, L-2540
Luxembourg
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