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MyBucks%20Annual%20Report%202016
MyBucks%20Annual%20Report%202016
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BusinessOverview<br />
I am pleased to deliver my first chairman’s report <strong>of</strong><br />
MyBucks, which is now a listed FinTech company.<br />
It is an innovative and dynamic FinTech business. Unlike the<br />
majority <strong>of</strong> FinTech businesses operating today, we have<br />
an all-encompassing approach to financial products and<br />
services.<br />
The shareholders, Board and management team<br />
understand the need to create sustainable products and<br />
services that provide financial inclusion through technology.<br />
In addition to being a pr<strong>of</strong>itable organisation, MyBucks<br />
therefore also embraces a social element — utilising our<br />
technology to enable low and no income earners access to<br />
formalised financial services.<br />
This might seem counterintuitive <strong>of</strong> what one expects from<br />
a listed FinTech business that must deliver returns to its<br />
shareholders. However, we understand that the bottom<br />
Chairman's report<br />
>> In Africa alone, people living in poverty reached a staggering number <strong>of</strong><br />
415 million in 2011 (the most recent year for which <strong>of</strong>ficial estimates exist),<br />
and more than 400 million <strong>of</strong> people on the continent aren’t banked or don’t<br />
have access financial services.