MyBucks

DB: MBC

€59.2m market cap

€4.2 last close

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.

Investment summary

MyBucks (MBC) continues to expand its lending business organically, leveraging the acquisitions of banks from Opportunity International (in particular those operating in Mozambique and Uganda) completed in H117. At the same time, it introduced several measures to optimise its funding structure and reduce the cost of debt. MBC aims to move towards break-even at net income level through expanding its product offering, entering new regional markets, further technological innovations, as well as continued focus on operating and funding cost reductions.

Share price graph
Price performance
%
1m
3m
12m
Actual (22.2) (42.9) (64.7)
Relative* (22.9) (42.6) (61.1)
52-week high/low €14.9/€4.2
*% relative to local index
Key management
Dave Van Nierkerk Chairman
Konrad Karner CFO