FinTech Firm MyBucks Becomes Listed in Germany after Successful IPO

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 Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term 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.

Our ultimate goal is to drive financial inclusion through digital technology.

The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing - register now - for the Finance Magnates Tel Aviv Conference, June 29th 2016.

Diverse Presence in Africa

The company is based in Luxembourg and has an extensive range of businesses in Africa, after having completed several acquisitions of banks across countries in Africa. The firm has operations currently in nine countries in Africa and two within Europe.

Commenting on the IPO, MyBucks CEO Dave van Niekerk said in a statement: "The IPO is an important milestone for our Company's growth as it will enable us to evolve our current business model in our existing operations, as well as expand into new markets. Our ultimate goal is to drive financial inclusion through digital technology."

The news follows just days after Deutsche Borse announced the creation of DB1 Ventures as its new fund that will invest selectively in fintech companies, and our subsequent exclusive interview yesterday with the CEO of FinTech Group AG - also listed in Germany on the Frankfurt Stock Exchange.