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MyBucks%20Annual%20Report%202016
MyBucks%20Annual%20Report%202016
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Innovative technology<br />
Cognisant <strong>of</strong> the growing trend <strong>of</strong> people’s lives becoming<br />
more technologically driven through more devices than<br />
ever before, our vision is to break the paradigm <strong>of</strong> clients<br />
having to visit a location to access services.<br />
Our solutions are created with the aim <strong>of</strong> leveraging our<br />
technology applications and empowering our clients<br />
to access financial solutions through various online<br />
channels via mobile devices anywhere and at any time,<br />
avoiding the need for a network <strong>of</strong> physical branches or<br />
sales locations.<br />
As a result, we are able to serve our clients in<br />
geographically remote areas <strong>of</strong> the markets in which<br />
we operate. However, in regions where the market<br />
penetration <strong>of</strong> mobile technology is still low, we also <strong>of</strong>fer<br />
light branch or kiosk infrastructure to support virtual<br />
channels, and use these branches to assist clients from<br />
an educational point <strong>of</strong> view.<br />
FinCloud: Our proprietary s<strong>of</strong>tware<br />
By “banking” clients using our proprietary s<strong>of</strong>tware,<br />
we are able to better understand our clients’ needs,<br />
spending habits and transaction history, allowing<br />
us to manage their requirements whilst allowing for<br />
improvement <strong>of</strong> our risk-scoring criteria, collections<br />
efficiency and overall customer management.<br />
Fincloud, is integrated to Jessie our Artificial Intelligence<br />
credit scoring engine, and Watson our Artificial<br />
Intelligence fraud detection platform. Our cloud-based<br />
proprietary customer interface and loan management<br />
system, enables us to manage credit risk, our loan book<br />
portfolios, and efficiently serve our clients securely, via<br />
the internet, mobile phone and telephone, in real time.<br />
MyBucks in numbers<br />
In the 12-month period ended 30 June 2016, we<br />
experienced a customer retention rate (that is clients who<br />
have purchased at least two <strong>of</strong> our products in their<br />
customer lifetime) <strong>of</strong> more than 63%, which demonstrates<br />
that our technology platform and customer management is<br />
convenient and trustworthy.<br />
In the 12-month period ended 30 June 2016, our business has grown significantly and we achieved:<br />
Loans issued €77.2 million<br />
(12-month period ended 30 June 2015: €65.7m million)<br />
Generated revenue <strong>of</strong> €38.9 million<br />
(12-month period ended 30 June 2015: €31.3 million)<br />
This corresponds to a growth in loans issued<br />
as <strong>of</strong> 2016 to 2015 <strong>of</strong> 18.6%, and in a growth<br />
in revenue as <strong>of</strong> 2016 to 2015 <strong>of</strong> 24.3%.<br />
Operating pr<strong>of</strong>it <strong>of</strong> €11.4 million<br />
(12-month period ended 30 June 2015: €11.5 million)<br />
Pr<strong>of</strong>it/(Loss) after Tax <strong>of</strong> €(0.6) million<br />
(12-month period ended 30 June 2015: €3.3 million)<br />
As <strong>of</strong> 30 June 2016, we had<br />
€41.2 million loan book<br />
Key performance areas<br />
Income statement<br />
June 16 June 15 June 14<br />
June 16 June 15 June 14<br />
June 16 June 15 June 14<br />
Revenue<br />
EUR million<br />
45,00<br />
40,00<br />
35,00<br />
30,00<br />
25,00<br />
20,00<br />
15,00<br />
10,00<br />
5,00<br />
0<br />
Operating Pr<strong>of</strong>it<br />
EUR million<br />
16,00<br />
14,00<br />
12,00<br />
10,00<br />
8,00<br />
6,00<br />
4,00<br />
2,00<br />
0<br />
Pr<strong>of</strong>it Before Tax<br />
EUR million<br />
June 16 June 15 June 14<br />
June 16 June 15 June 14<br />
June 16 June 15 June 14<br />
Balance sheet<br />
Loans Issued<br />
40,00<br />
30,00<br />
20,00<br />
10,00<br />
0<br />
Equity<br />
10,00<br />
5,00<br />
0,00<br />
Loan book<br />
50,00<br />
15,00<br />
60,00<br />
20,00<br />
70,00<br />
80,00<br />
25,00<br />
90,00<br />
EUR million<br />
EUR million<br />
EUR million<br />
| Introduction | Business Overview | Corporate Governance | Financial Statements | Other |<br />
45,00<br />
40,00<br />
35,00<br />
30,00<br />
25,00<br />
20,00<br />
15,00<br />
10,00<br />
5,00<br />
0<br />
5,50<br />
5,00<br />
4,50<br />
4,00<br />
3,50<br />
3,00<br />
2,50<br />
2,00<br />
1,50<br />
1,00<br />
0,50<br />
0,00<br />
MyBucks Annual Report 2016 12<br />
13 MyBucks Annual Report 2016
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