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MyBucks

Growth pains

Update | Financials | 09 Jan 2018

MyBucks (MBC) is pursuing technological and regional growth initiatives despite immediate challenges in integrating new acquisitions. The group is fully committed to its strategy of supplying financial services to poorly serviced customers, primarily low and middle income clients in sub-Saharan Africa via the internet, cell phones and applications. The product range has been expanded to include SME loans and insurance products. New acquisitions have extended coverage up the continent’s eastern seaboard, but have required considerable integration efforts.

Carr's Group

Recovery on track

Update | Consumer staples | 09 Jan 2018

Performance during the first 18 weeks of FY18 indicates that the recovery in both divisions that was predicted by Carr’s management is well underway. As the group is trading in line with management’s expectations for the full year, we leave our estimates and valuation unchanged except for an upward revision to revenues to reflect higher commodity prices.

MyBucks

Balanced focus on growth and margins

Update | Financials | 06 Jun 2018

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.

MyBucks

Emerging market fintech

QuickView | Financials | 15 Nov 2017

Founded in 2011, MyBucks (MBC) has been profitable at the operational level since its second year of operations, providing microloans, insurance and banking via the internet, cellphones and applications, primarily to low- and middle-income customers in sub-Saharan Africa. The lending products range has been expanded to include agricultural, educational and SME products.

MyBucks

Emerging market fintech

Initiation | Financials | 07 Apr 2017

Founded in 2011, MyBucks (MBC) has been profitable at the operational level 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, MBC seeks to use the internet to gain access to a large population with an increasing demand for small loans and other financial services. It has recently expanded into Australia and a deal with Opportunity International will provide access to new African markets too.

MyBucks

Microfinance in growing markets

QuickView | Financials | 09 Nov 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.