NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Friday, June 24, 2016

With a diverse fintech presence across Africa, MyBucks debuts its IPO in Germany.

The latest financial technology firm to complete a successful initial public offering (IPO) is MyBucks S.A., which was welcomed by Deutsche Borse on the Frankfurt Stock Exchange today where it was listed on the Entry Standard market.

MyBucks provides fintech solutions for unsecured consumer loans, banking products, and insurance solutions, through its various brands including GetBucks, GetBanked and GetSure.

With a million shares placed in the IPO that was fully subscribed to, including an over-allotment, the initial listing price for MyBucks was 13.85 euros per share, and its market capitalization stands at 142.47 million euros, as per exchange data.