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MyBucks%20Annual%20Report%202016
MyBucks%20Annual%20Report%202016
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History and key milestones<br />
MyBucks commenced business operations in 2011 and over the last five years, our Group has steadily grown in terms <strong>of</strong> revenue by continuously expanding our geographic presence as well<br />
as our customer base.<br />
Within the scope <strong>of</strong> our expansions in Africa and to Southern and Central Europe, we have tested and refined our product portfolio, increased our operational efficiency in terms <strong>of</strong> new market<br />
entries, developed and optimised our loan approval technology, and improved our legal and regulatory compliance processes.<br />
Major milestones<br />
2011<br />
GetBucks Mauritius is incorporated as holding<br />
company <strong>of</strong> the Group and we commence business in<br />
South Africa via a licence agreement with GetBucks<br />
South Africa.<br />
2011 - 2015<br />
We expand gradually to various other Sub-Saharan<br />
African markets, including Botswana, Kenya, Malawi,<br />
Swaziland, Zambia and Zimbabwe.<br />
2014 - 2015<br />
We expand our operations to Poland and Spain,<br />
establishing a base for further opportunistic growth<br />
in Europe and thereby test and refine our product<br />
portfolio in other geographic regions as well.<br />
July 2015<br />
Our local subsidiary in Zimbabwe, GetBucks<br />
Zimbabwe, is licenced by the Reserve Bank <strong>of</strong><br />
Zimbabwe (RBZ) to operate as a deposit taking<br />
micr<strong>of</strong>inance institution.<br />
October 2015<br />
We enter into a share purchase agreement with<br />
subsidiaries <strong>of</strong> Opportunity International to<br />
acquire the Opportunity Banks. Thereby, we intend<br />
to expand our geographic reach to Ghana, Tanzania<br />
and Mozambique, as well as enhance our competitive<br />
position in Malawi, Kenya and Uganda. However,<br />
the transactions did not conclude until 1 July 2016<br />
(Mozambique, Kenya and Tanzania) and 1 October 2016<br />
(Uganda). The transactions for Ghana and Malawi are<br />
still pending regulatory approvals.<br />
December 2015<br />
MyBucks S.A., Luxembourg becomes the ultimate<br />
holding company <strong>of</strong> our Group.<br />
January 2016<br />
GetBucks Zimbabwe is listed on the Zimbabwe Stock<br />
Exchange in order to facilitate our business operations<br />
in Zimbabwe.<br />
June 2016<br />
MyBucks becomes first African focused FinTech<br />
company listed on Frankfurt Stock Exchange.<br />
The company posts a pre-tax pr<strong>of</strong>it for its third year running.<br />
"MyBucks is an innovative and dynamic FinTech business.<br />
Unlike the majority <strong>of</strong> FinTech businesses operating today,<br />
we have an all-encompassing approach to financial products<br />
and services."<br />
Gerd Alexander Schütz<br />
Non-Executive Chairman: MyBucks<br />
| Introduction | Business Overview | Corporate Governance | Financial Statements | Other |<br />
MyBucks Annual Report 2016 14<br />
15 MyBucks Annual Report 2016