MyBucks Publishes Annual Financial Statements

28 February 2017
  • Annual financial statements now available online on MyBucks website
  • HY 2016/2017 numbers to be published by 28 February 2017
  • MyBucks to refinance its listed senior notes through issue of new senior notes in private placement by March 2017

Luxembourg, 27 January 2017 - Frankfurt-listed FinTech, MyBucks S.A., has released its annual financial statements for the financial year ended 30 June 2016.

CEO of MyBucks, Dave van Niekerk says that with a current market capitalisation at the Frankfurt Stock Exchange of more than EUR 200 million and more than 1.5 million customers in its countries of operations, MyBucks is perfectly positioned for a strong financial year in 2017.

"We have built a solid foundation, geared up for the next growth phase, while still growing our revenues and maintaining our default rate below eight percent. MyBucks will leverage the built infrastructure to significant increase its operating leverage during the financial year ending 30 June 2017,” says van Niekerk.

MyBucks plans to build this growth strategy on four pillars – organic growth, digital banking, SMME lending and, geographic expansion. To make an impact in these markets, MyBucks’ strategic imperative is to source funding at favourable interest rates.

MyBucks also intends to refinance its listed senior notes issued in 2014 by offering new Eurodenominated senior notes to qualified investors in a private placement. There will be no public offering of the new senior notes. Details on the results of the private placement will be published at a later time.

About MyBucks

MyBucks S.A. (WKN: A2AJLT, ISIN: LU1404975507, Ticker Symbol: MBC: GR) is a FinTech company based in Luxembourg that delivers seamless financial services through technology. Through its brands GetBucks, GetBanked and GetSure the company offers unsecured consumer loans, banking solutions as well as insurance products to customers. MyBucks has experienced exponential growth since its inception in 2011 and today has operations in twelve African and two European countries as well as in Australia. MyBucks aims to ensure that its product offering is accessible, simple and trustworthy, in comparison to traditional, non-technological methods, ultimately working towards enhancing the benefits to the customer. The MyBucks’ product offering enables customers to manage their financial affairs easily and conveniently.

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