Table of contents

The 2015/ 2016 financial year saw much growth and
change for the MyBucks group.
We generated €38.9 million of revenue, issued €77.2 million
in credit and more than 100 000 insurance policies, and
obtained a depost taking license in Zimbabwe. We also
increased equity to €19.5 million, and an additional €8.2
million of debt was raised.
Furthermore, we also moved our holding structure
to Luxembourg and added three new strategic Board
members.
The months from October 2015 to June 2016 saw our
management team and operational focus turn to the
Opportunity International transaction, which we as a group
knew would be a game changer by allowing MyBucks far
Note:* Listing price E13.50 per share with 10 998 000 shares on issue.
greater access to funding in local currencies, significantly
assisting our enhanced consumer base and offering a vastly
wider degree of financial inclusion services.
The partnership is truly revolutionary. It has enabled usto
acquire two additional Banking licenses, two MFI's and
expanded our operation into three additional territories,
namely Mozambique, Tanzania and Uganda after the
financial year end 30 June.
The due diligence and deep understanding of these
countries took time and resources.
Nonetheless, as the financial year was closing we completed
our listing on the Frankfurt Stock Exchange and raised
€13.5 million of equity, placing the market valuation at
€148 million*.
CE report
>> Ultimately, Africa leads in ‘sector convergence’, with smartphone usage and
mobile application software downloads increasing on a daily basis. This has
directly benefitted the financial services we offer, those we continue to shape
and revitalise as technology advances.