MyBucks

DB: MBC

€50.2m market cap

€3.56 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’s (MBC’s) H119 results reveal a continuation of solid loan book expansion driven by both organic growth (especially in the banking business) and acquisitions (including Capfin and Pride). As the company is still loss making at the bottom line and generates negative operating cash flows, growth has been facilitated by both higher indebtedness and new customer deposits in H119. With the integration of entities acquired over the last years now completed, and given the recently introduced measures to reduce funding costs and operating expenses, the company should continue to gradually approach its break-even point.

Share price graph
Price performance
%
1m
3m
12m
Actual (20.9) (37.0) (73.0)
Relative* (21.8) (42.0) (71.3)
52-week high/low €14.9/€3.6
*% relative to local index
Key management
Dave Van Nierkerk Chairman
Konrad Karner CFO