Investment Highlights

Revenue and Operating Profit

EUR MILLION

Growth Rate

YE 2013/14

  • 333%
  • 500%

YE 2014/15

  • 138%
  • 175%

1st HY 2015/16

  • 24%
  • 100%
  • Product offering encompasses short-term single payment loans and installment loans as well as insurance products for credit, legal, funeral and medical cover and, in the future, online savings accounts, mobile transactions and transaction cards.
  • Operating profit margin consistently above 30% since financial year 2013/2014.
  • Self-learning algorithms have analyzed over 1 million data predictions on loan applications since November 2015.
  • Direct access to financial history and banking statements of customers for creditworthiness checks.
  • Successful loan application approved automatically within 15 minutes (subject to complete submission of required information).
  • Only serving civil servants and employees with a solid and fixed employment and valid bank account.
  • Long-term contractual relationships with Governments, central registers and large corporations.
  • Mainly using deduction-at-source collection, i.e. repayments are directly deducted from the Government or employers. payrolls.
  • The loan portfolio is well diversified with regards to country split, maturity and loan reason.
  • Cumulative Default rate of 7.39% as at December 2015.
  • Purchase of 4 deposit taking financial institutions and 2 non-bank financial institutions from Opportunity International.
  • Enlarging country expansion by adding 3 countries namely Ghana, Mozambique and Tanzania.
  • Enhancing our competitive position in Malawi, Kenya and Uganda.
  • Increasing customer base to a total of more than 1.5 million.
  • Proven track record of building companies in emerging markets.
  • Pioneers in the microfinance business.
  • True entrepreneurial approach: Business has primarily been financed with equity and shareholder loans.

AD-hoc Announcements

  • August 13, 2015 Quasi Ad hoc< MyBucks: Publishes financial figuresfor the first half yearof 2015

  • August 13, 2015 Quasi Ad hoc< MyBucks: Publishes financial figuresfor the first half yearof 2015

  • August 13, 2015 Quasi Ad hoc< MyBucks: Publishes financial figuresfor the first half yearof 2015

  • August 13, 2015 Quasi Ad hoc< MyBucks: Publishes financial figuresfor the first half yearof 2015

  • August 13, 2015 Quasi Ad hoc< MyBucks: Publishes financial figuresfor the first half yearof 2015

  • August 13, 2015 Quasi Ad hoc< MyBucks: Publishes financial figuresfor the first half yearof 2015

  • August 13, 2015 Quasi Ad hoc< MyBucks: Publishes financial figuresfor the first half yearof 2015

  • August 13, 2015 Quasi Ad hoc< MyBucks: Publishes financial figuresfor the first half yearof 2015

Latest News

(organisme de liquidation)

LuxCSD S.A., a public limited liability company (société anonyme) with registered office at 14, rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg and registered with the Luxembourg Register of Commerce and Companies under number B 154.449

Results

  • MyBucks S.A. - Interim Financial Results
    as of and for the half year ended 31 December 2016

    Language - EN

  • MyBucks S.A. - Annual Report
    as of and for the Financial Year ended 30 June 2016

    Language - EN

  • MyBucks S.A. - Interim Combined Consolidated Financial Statements
    as of and for the 6 months ended 31 December 2015

    Language - EN

  • MyBucks S.A. - Combined Financial Statements
    as of and for the year ended 30 June 2015, 2014 and 2013

    Language - EN

(organisme de liquidation)

LuxCSD S.A., a public limited liability company (société anonyme) with registered office at 14, rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg and registered with the Luxembourg Register of Commerce and Companies under number B 154.449

Major Shareholders

Group Management

Non-executive chairman

Gerd Alexander Schütz

Alexander Schütz is managing partner of C-Quadrat AG, an asset management company which he founded together with his partner Thomas Riess in 1991. C-Quadrat AG has subsidiaries in Frankfurt am Main, London, Geneva, Warsaw and Yerevan and has recently launched operations in Asia. Alexander is responsible for the C-Quadrat AG’s strategic development and for acquisitions. He is also one of the Company’s shareholders and Chairman of the Board, as well as the co-founder and board member of the Switzerland-based Aquarion water technology group, which has recently acquired the German Hager + Elsässer. Further core interests are Smartflower.com in the photovoltaics business, Aventus GmbH in the field of business intelligence and IT security, Filmhouse Germany, HSO Healthcare GmbH and Dairyfem in the field of probiotic nutrition. Alexander is a member of the International Coronelli Society and president of the Austrian Emirates Society.

Chief executive officer

Dave van niekerk

Dave van Niekerk is one of our founders and the current CEO of the Company. With over 16 years’ experience in the microfinance industry, Dave has held shareholdings and management positions in various microfinance companies, including African Bank where he started his microfinance career. Dave founded pan-African microfinance company Blue Financial Services in 2001, which got listed in 2006, and he served as CEO and Chairman until the end of July 2010. Besides his function as CEO of the Company, Dave is also responsible for the Group’s business areas technology, operations, innovations, and credit.

Executive director

Timothy Nuy

Tim Nuy is one of our executive directors. Before joining the Group, he was an Investment Director at ADC African Development Corporation AG (“ADC”) in Frankfurt am Main from July 2011 to November 2014, where he was responsible for acquisitions and disposals, as well as the day-to-day operations of the Mauritian entities of the Group. He was involved in several complex transactions notably with the controlling investment into ABC Holdings Limited, the disposal of RSwitch (Rwanda) and the takeover by Atlas Mara. Prior to joining ADC, Tim worked at KPMG’s Transaction & Restructuring department in Hamburg, Germany. Tim holds a Bachelor of Science from the Maastricht University in International Business Economics and is a CFA® Charterholder. Besides his function as executive director, Tim is responsible for the Group’s business areas risk, M&A and corporate finance, including all debt and equity funding initiatives and expansion in new markets.

Non-executive director

Dennis Wallestad

Dennis Wallestad was the CFO and Managing Director responsible for Europe, the Middle East and Africa at J.P. Morgan Chase in New York from October 2012 to March 2014. Previously, he was CFO for the Treasury & Securities Services group. Prior to joining J.P. Morgan Chase, Dennis was responsible for all accounting and financial reporting activities of Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation, and its affiliates worldwide. Dennis has a solid experience as CFO and Vice President Operations. He has a Bachelor of Science in Accounting from the Auburn University and Masters of Accountancy from the University of Oklahoma and is a Certified Public Accountant. Currently, Dennis is a Director at Opportunity International in Chicago and is responsible for the restructuring and reorganization of the Group.

Non-executive director

George Manyere

George Manyere is the Chief Executive Officer/Chief Investment Officer and founder of Brainworks Limited, (“Brainworks”), a Mauritius headquartered investment holding company. Brainworks has a strong presence in Zimbabwe in the following sectors (i) financial services (banking, insurance and asset management), (ii) energy logistics, (iii) hospitality and (iv) real estate. Prior to founding Brainworks, he was an investment professional with the International Finance Corporation (“IFC”), headquartered in Washington DC. While at IFC, he was responsible for investing in excess of US$ 600 million in sub-Saharan Africa, and managing a portfolio of investments in excess of US$ 400 million and represented IFC on several investee company boards. George Manyere sits on several boards of directors and holds a Bachelor of Accounting Science and Honours in Accounting Science from the University of South Africa. He also holds a Certificate in Theory of Accounting from the University of South Africa and has completed various international courses in finance, strategy and investment banking.

Non-executive director

Simon Village

Simon Village is the founding Director of Argentum Limited, Mauritius, a business development and corporate finance company providing services to emerging corporates in Southern, Central and Eastern Africa. Simon has served on the boards of numerous international companies and has led a number of successful global initiatives, with the foremost of these being the development of a series of commodity backed funds which his team listed in 13 countries. He also led the financing and development of a number of resource companies, where he served as a director, including raising the capital required for building the first gold mine in the Democratic Republic of Congo since that country’s independence. Prior to this, Simon was a Managing Director with HSBC in London, having worked his way up through HSBC as a top ranked Financial Analyst, then Head of Research for their emerging markets business before being appointed as Managing Director of the securities business in South Africa. Prior to his career in finance, Simon worked for Schlumberger in Italy, Netherlands, and Libya as a field engineer, and prior to that for De Beers in Southern Africa. He holds a B.Eng (Hons) degree in Mining Engineering from Camborne School of Mines, United Kingdom.

Non-executive director

Trevor Joslin

Trevor Joslin has had a career in Investment banking since 1986, and held senior positions with various banks in Geneva including Barclays. In 2000, he joined HSBC and started up their Asia Banking Unit, and subsequently managed the East Africa region for the bank. Trevor holds a B.Sc. (University of Surrey, Guildford, United Kingdom), First Class Honours in Chemistry and is a Doctor of Philosophy (University of Southampton, United Kingdom).

Non-executive director

Johan Jonck

Johan Jonck was one of the pioneers in the microcredit industry in South Africa. Through his efforts, the first industry specific organisation called the Micro Lenders Association (the “MLA”), was formed in 1996. The MLA spearheaded the National Credit Regulator (NCR), the South Africa’s current credit industry regulator. Johan, a former partner of Coopers & Lybrand, was also the founder and CEO of Unity Financial Services of which Boland Bank was a shareholder. Unity Financial Services was acquired by African Bank Investments Limited in 1999. He was the founder and CEO of Jigmining, a company with patented technology beneficiating coal for BHP Biliton in South Africa, which was listed as Yomhlaba on the Johannesburg Stock Exchange in 2004. In 2005, Johan started Nedfin Ltd, a micro-lending company in Zambia and served as CEO. Johan has successfully been a shareholder and role player in the microfinance market in Africa for over twenty years.

Management team

Evans Munyuki

Chief Digital and Information Officer


23 Years experience in Technology
BSc (Hons), MPM, AAS

Louwrens van Schalkwyk

Chief Operating Officer


15 years experience, banking and technology
BCom

Ryan McDougall

Chief Financial Officer


13 years’ experience in Financial Services
BBusSci (Hons) CA(SA)

Mark Vivier

Group Head of Banking


17 Years experience in micro lending and insurance
29 years experience in banking
BCom (Hons), MBA (Cum Laude)

Llewellyn Gerber

Head of Corporate Finance


11 years experience in investment banking
9 years experience in corporate finance
B.Acc, BCompt (Hons), CA (SA)

Juan Du Toit

Human resources executive


12 years HR experience
Bcom (Hons) Ind Psych
Bcom (Hons) Labour Relations

Dr. Richard Van Der Wath

Chief data officer


15 years experience in computer science
BSc (Hons), PhD

Nic Louw

Head Legal and Compliance


15 years experience banking and technology
LLB, MBA

Kirsten Reynolds-Wood

Group marketing & brand executive


16 years experience in retail marketing and brand management
BSc (Hons)

Neville Graham

Group Insurance and Collections Executive


23 years experience
B.Com Marketing and Management

Kenneth Fisher

Managing Director: SME Lending


25 Years’ experience in business development, training, management.
MPhil

Sam Brink

Acting Corporate Affairs


15 years experience technology, microfinance, and finance
MCP, MSCE, DIP.CompENG

Celliers Inggs

Head of Software Development


16 years experience in software development
BSc

Dean Crocker

Corporate finance executive


10 years experience in captial markets in Africa
BCom (Hons), CFA®

Fernando Oltra

Corporate Finance Executive


8 years experience in finance
B.Sc Business Management

Tonderai Mutesva

Corporate Finance Executive


7 years experience in corporate finance and banking
B.Sc Economics, CFA®

Group Operations

Stiaan Dreyer

Operations Executive


25 years experience
BCom (Hons) Fin. Management

Michael Hodgkiss

Operations Executive


20 years telecommunications and microfinance

Country Executives

Marthin De Kock

Botswana


23 years experience in insurance and microfinance

Lenus Oosthuizen

Swaziland


20 years experience in microfinance

Pieter Botha

Namibia


19 years experience in microfinance

Minshi Nusuluka

Uganda


15 years experience in microfinance

William Hunter

South Africa


13 years experience in banking and microfinance

Patricia Gonzalez

Spain


12 years, finance and administration

Mercy Murevesi

Zimbabwe


19 years experience in banking
BCom (Hons) CA
MBA

Raymond West Evans

Zambia


22 years experience microfinance

Anthony Maulgue

Kenya


21 years microfinance

Charmaine van Rooyen

Namibia


13 years experience in microfinance

Michal Gebala

Poland


9 years experience in strategic planning
MA

Gerrie Fourie

Zimbabwe


12 years experience in finance and microfinance

Paul Soko

Zimbabwe


18 years experience in finance and banking
CA
MBA

Thomson Kumwenda

Malawi


10 years experience in finance
CA, ACCA
MA

Clever Hamadi

Botswana


7 years experience in finance
CA(SA)

Board of Directors

The following persons are members of the company's Board of Directors

Alexander Schütz

Chairman


Alexander Schütz is managing partner of C-Quadrat AG, an asset management company which he founded together with his partner Thomas Riess in 1991. C-Quadrat AG has subsidiaries in Frankfurt am Main, London, Geneva, Warsaw and Yerevan and has recently launched operations in Asia. Alexander is responsible for the C-Quadrat AG’s strategic development and for acquisitions. He is also one of the Company’s shareholders and Chairman of the Board, as well as the co-founder and board member of the Switzerland-based Aquarion water technology group, which has recently acquired the German Hager + Elsässer. Further core interests are Smartflower.com in the photovoltaics business, Aventus GmbH in the field of business intelligence and IT security, Filmhouse Germany, HSO Healthcare GmbH and Dairyfem in the field of probiotic nutrition. Alexander is a member of the International Coronelli Society and president of the Austrian Emirates Society.

Dave van niekerk

CEO


Dave van Niekerk is one of our founders and the current CEO of the Company. With over 16 years’ experience in the microfinance industry, Dave has held shareholdings and management positions in various microfinance companies, including African Bank where he started his microfinance career. Dave founded pan-African microfinance company Blue Financial Services in 2001, which got listed in 2006, and he served as CEO and Chairman until the end of July 2010. Besides his function as CEO of the Company, Dave is also responsible for the Group’s business areas technology, operations, innovations, and credit.

Timothy Nuy

Executive Director


Tim Nuy is one of our executive directors. Before joining the Group, he was an Investment Director at ADC African Development Corporation AG (“ADC”) in Frankfurt am Main from July 2011 to November 2014, where he was responsible for acquisitions and disposals, as well as the day-to-day operations of the Mauritian entities of the Group. He was involved in several complex transactions notably with the controlling investment into ABC Holdings Limited, the disposal of RSwitch (Rwanda) and the takeover by Atlas Mara. Prior to joining ADC, Tim worked at KPMG’s Transaction & Restructuring department in Hamburg, Germany. Tim holds a Bachelor of Science from the Maastricht University in International Business Economics and is a CFA® Charterholder. Besides his function as executive director, Tim is responsible for the Group’s business areas risk, M&A and corporate finance, including all debt and equity funding initiatives and expansion in new markets.

George Manyere

Director


George Manyere is the Chief Executive Officer/Chief Investment Officer and founder of Brainworks Limited, (“Brainworks”), a Mauritius headquarted investment holding company. Brainworks has a strong presence in Zimbabwe in the following sectors (i) financial services (banking, insurance and asset management), (ii) energy logistics, (iii) hospitality and (iv) real estate. Prior to founding Brainworks, he was an investment professional with the International Finance Corporation (“IFC”), headquartered in Washington DC. While at IFC, he was responsible for investing in excess of US$ 600 million in sub-Saharan Africa, and managing a portfolio of investments in excess of US$ 400 million and represented IFC on several investee company boards. George Manyere sits on several boards of directors and holds a Bachelor of Accounting Science and Honours in Accounting Science from the University of South Africa. He also holds a Certificate in Theory of Accounting from the University of South Africa and has completed various international courses in finance, strategy and investment banking.

Dennis Wallestad

Director


Dennis Wallestad was the CFO and Managing Director responsible for Europe, the Middle East and Africa at J.P. Morgan Chase in New York from October 2012 to March 2014. Previously, he was CFO for the Treasury & Securities Services group. Prior to joining J.P. Morgan Chase, Dennis was responsible for all accounting and financial reporting activities of Pershing LLC, a subsidiary of The Bank of New York Mellon Corporation, and its affiliates worldwide. Dennis has a solid experience as CFO and Vice President Operations. He has a Bachelor of Science in Accounting from the Auburn University and Masters of Accountancy from the University of Oklahoma and is a Certified Public Accountant. Currently, Dennis is a Director at Opportunity International in Chicago and is responsible for the restructuring and reorganization of the Group.

Johan Jonck

Non-Executive Director


Johan Jonck was one of the pioneers in the microcredit industry in South Africa. Through his efforts, the first industry specific organisation called the Micro Lenders Association (the “MLA”), was formed in 1996. The MLA spearheaded the National Credit Regulator (NCR), the South Africa’s current credit industry regulator. Johan, a former partner of Coopers & Lybrand, was also the founder and CEO of Unity Financial Services of which Boland Bank was a shareholder. Unity Financial Services was acquired by African Bank Investments Ltd. in 1999. He was the founder and CEO of Jigmining, a company with patented technology beneficiating coal for BHP Biliton in South Africa, which was listed as Yomhlaba on the Johannesburg Stock Exchange in 2004. In 2005, Johan started Nedfin Ltd., a micro-lending company in Zambia and served as CEO. Johan has successfully been a shareholder and role player in the microfinance market in Africa for over twenty years.

Trevor Joslin

Director


Trevor Joslin has had a career in Investment banking since 1986, and held senior positions with various banks in Geneva including Barclays. In 2000, he joined HSBC and started up their Asia Banking Unit, and subsequently managed the East Africa region for the bank. Trevor holds a B.Sc. (University of Surrey, Guildford, United Kingdom), First Class Honours in Chemistry and is a Doctor of Philosophy (University of Southampton, United Kingdom).

Simon Village

Director


Simon Village is the founding Director of Argentum Limited, Mauritius, a business development and corporate finance company providing services to emerging corporates in Southern, Central and Eastern Africa. Simon has served on the boards of numerous international companies and has led a number of successful global initiatives, with the foremost of these being the development of a series of commodity backed funds which his team listed in 13 countries. He also led the financing and development of a number of resource companies, where he served as a director, including raising the capital required for building the first gold mine in the Democratic Republic of Congo since that country’s independence. Prior to this, Simon was a Managing Director with HSBC in London, having worked his way up through HSBC as a top ranked Financial Analyst, then Head of Research for their emerging markets business before being appointed as Managing Director of the securities business in South Africa. Prior to his career in finance, Simon worked for Schlumberger in Italy, Netherlands, and Libya as a field engineer, and prior to that for De Beers in Southern Africa. He holds a B.Eng (Hons) degree in Mining Engineering from Camborne School of Mines, United Kingdom.

Market Research

KEY FACTORS DRIVING FINANCIAL INCLUSION

Source: Experts interviewed. Microfinance Market Outlook 2016 by responsAbility

NON-PERFORMING LOANS IN 2004 AND 2013 (PERCENT OF TOTAL LOANS)

Source: European Investment Bank, July 2015; IMF staff calculations based on the African Department survey on financial sector development. Latest data available based on survey conducted in 2013.

IR Contact

Please use the following contact form

Please use the following contact form: MyBucks will be glad to assist you with any enquries you may have. You can add yourself to our mailing list by filling out the following contact form. You will then receive current news updates and be able to order our publications

Please fill in your details below

All fields marked with a * are required

share

ISIN:

SYMBOL:

Exchange:

Board:

Business Model

Mybucks

MyBucks is a Fintech company that delivers seamless financial services through technology We are a Luxembourg-based company, incorporating brands: GetBucks, GetSure and Opportunity Bank.

Our broad portfolio of virtual banking products includes lending, insurance and banking, and is supported by services such as mobile banking, credit reports with credit education features, financial budgeting, and emergency cover through insurance. Through our proprietary technology platform, they can be accessed through online channels (web and mobile) as well as internet service points.

MyBucks provides financial products and services in predominantly high-growth emerging markets, and aims to ensure that its offering is fast, simple and trustworthy, and when compared to traditional methods, ultimately works towards enhancing the customer’s experience. We believe that personal financial management is the key for clients to manage their financial affairs. Through offering a unique blend of innovation and cutting-edge technology, we continue to refine the process of banking, attaining credit and other short-term financial services through virtual solutions and advanced technological applications.

Country operations include eleven African countries – South Africa, Zimbabwe, Zambia, Kenya, Namibia, Botswana, Malawi, Swaziland, Uganda, Mozambique, Tanzania and two European countries – Poland and Spain.

Countries Gained

Our key milestones to become a digital bank

Development of proprietary Fintech platform

  • South Africa
  • Mauritius

Enhancement of proprietary Fintech platform

  • Botswana
  • Kenya
  • Zimbabwe
  • South Africa
  • Mauritius

Start of mobile and online lending

  • Malawi
  • Austria
  • Botswana
  • Kenya
  • Zimbabwe
  • South Africa
  • Mauritius

Start of insurance business

  • Spain
  • Swaziland
  • Malawi
  • Austria
  • Botswana
  • Kenya
  • Zimbabwe
  • South Africa
  • Mauritius

Geographical expansion

  • Luxembourg
  • Zambia
  • Poland
  • Spain
  • Swaziland
  • Malawi
  • Austria
  • Botswana
  • Kenya
  • Zimbabwe
  • South Africa
  • Mauritius

Transformation: Full banking licences and deposit taking

  • Uganda
  • Namibia
  • Luxembourg
  • Zambia
  • Poland
  • Spain
  • Swaziland
  • Malawi
  • Austria
  • Botswana
  • Kenya
  • Zimbabwe
  • South Africa
  • Mauritius

financial figures

Key financial data

IPO

  • MyBucks S.A. - MyBucks Prospectus

    Language - EN & DE

  • MyBucks S.A. - MyBucks Corporate Expose

    Language - EN DE

Corporate Calendar

  • Oct, 2017: Publication Annual Financial Statements

  • Oct, 2017: Press Release - Annual Financial Statements

  • March 24, 2017: Annual General Meeting - Registration and Voting

  • Feb 28, 2017: Publication Half-yearly Financial Statements

  • Feb 28, 2017: Press Release - Half-yearly Financial Statements

  • Dec 27, 2016: Press Release - Annual Financial Statements

Event Calendar

Meet us at these events:

Dave van Niekerk

Dave van Niekerk – CEO

Tim Nuy

Tim Nuy – Executive Director

Read More
Read More

Company Profile