Enhancing financial inclusion 
in Sub-Saharan Africa through data driven lending.

getbucks logo

GetBucks, a registered financial services provider, is a digital financial services platform, providing a range of
lending and insurance products to the Namibian consumer, with a strategic focus on simplicity and
ease of use.

Enabling and empowering

Through our lending solutions we see ourselves as providers of interim finance and over-draft solutions for the under-
banked and those looking to access and pay for goods and services.

customers

GBSA customers
to date

20 000
loans granted

Loans granted
to date

115 274
loan book

Outstanding loan book
as of 31/03/2020

N$ 2.4m
default rate

NPL rate
Q1 2020

18.2%
The Eswatini Population

Population

2,52 million

Internet users

1.28 million

Mobile phone connections

2.89 million

Mobile internet users

55.4%
  • Enhancing and enabling financial wellness through technology

    Value added service • Free credit report • GetBucks finance guide • Budgeting Tool

    Credit rehabilitation

    GetBucks has established a debt rehabilitation product that assists clients with over indebtedness, black listings, judgement removals and help getting out of debt review. Through debt restructuring, GetBucks helps over-indebted clients get the financial stability they need to get back on their feet.


    The Namibia market needs enhanced financial services delivery solutions
    Challenges of access

    Physical access

    Branch infrastructures offer complex processes and bureaucracy.

    Financial access

    High cost of funding stems misalignment of risk of the market vs actual,
    demonstrated behaviour.

    Emotional access

    Adoption becomes troublesome due to a lack of financial and digital
    literacy.

    Solving financial access

    Alternative data usage

    Use alternative data suppliers and big data technologies to generate unique credit insights.

    Behavioural economics

    Use alternative data suppliers and big data technologies to generate unique credit insights.

    Advanced modelling

    Our solutions allow for rapid deployment of advanced models with reduced operational risk.

    Test, adapt, refine

    Prudent test & learn approach to ensure model validation prior to scale. Integrated provisioning
    modelling allows for virtual portfolio assessments and immediate view of IFRS9 impacts.

  • Investment Opportunity
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    Secured debt

    8%-11% pa
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    Usecured debt

    13-16% pa
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    Unsecured debt

    with warrants
    Equity

    Equity injection of N$ 5m can drive loan book growth to R7m based on a 3:1 debt:equity expectation and expected
    profitability of N$ 3.6m.

    2019: Reshaping the portfolio
    1.    Tightened affordability criteria

    Enabling exposure more to bank transactional data in the
    decision process as well as factoring some of the more
    relevant short-term characteristics.

    2.    Enhanced credit scoring

    Raised the credit bureau cut-off scores that act as the initial
    entry point validation.

    3.    Optimized performing channels

    Reducing our exposure to poorly performing channels of
    business.

    4.    Rebuilt management

    Board strengthened in line with King and new management
    team appointed with strong lending expertise to deliver on
    the brand promise.


  • Approval rates over time
    H12019

    82%

    H22019

    78%

    H12019

    81%

    Collection rates over time
    H12019

    59%

    H22019

    68%

    H12020

    72%

  • CD1 rates over time
Gearing for growth

Through our lending solutions we see ourselves as providers of interim finance and over-draft solutions for the under-banked and those looking
to access and pay for goods and services.

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Grow Sales

Partner with leading other financial services and technology providers to enable their new customer propositions.

Scale the insurance product offering to deepen the customer relationship.

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Deliver meaningful experiences

Expand scoring techniques to include psychometric score offerings to enable entry into the less traditional credit market.

Innovative wallet and payment technologies will also enhance the sales and collections fulcrum.

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Improve and maintain quality

Strengthen non-traditional data sources and increase reliance on AI models to grow sales without compromising risk.

Loan Book

N$ 5.5

NPAT Growth

N$ 5.5

Sales

N$ 500k

Contact us

Finclusion Pte Ltd

151 Chin Swee Road, #07-12
Manhattan House,
Singapore, 169876
Number: 201824790K