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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.

Microfinance in growing markets

QuickView | Financials | 09/11/2016

Founded in 2011, MyBucks has been profitable since its second year of operations, providing microloans via the internet primarily to low- and middle-income customers in sub-Saharan Africa. With smartphone ownership ahead of bank account penetration in many countries in the region, MyBucks seeks to use the internet to gain access to a large population with an increasing demand for small loans and other financial services. The recent acquisition of six banks from a not-for-profit organisation will provide a future source of funds for lending and the ability to offer a broader range of services to a wider market.

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Stock data

Market cap.€81.7m
Last close€6.300
High / Low (52 weeks)€15.0 / €6.2
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A

Price performance

Relative *(23.2)(22.5)(53.5)

* % Relative to local index

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