Company Portfolios
smartadvance is a registered financial services provider, that through its subsidiaries nifty and getsure provides
a range on lending and insurance products to the Southern African 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.
Smartadvance
customers
177 000
Loans granted
to date
1 145 342
Outstanding loan book
as of 31/03/2020
R153 287 618
Default rate
to date
9%
Total applications
scored
4.25m
The South African Market
Population
58 892 763
Internet users
32 615 165
Smartphone penetration
81,7%
Total debt balances owing
R985bn (excluding mortgages)
Enhancing and enabling financial wellness through technology
Value added service • Free credit report • nifty finance guide • Budgeting Tool
Credit rehabilitation
nifty 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, nifty helps over-indebted clients get the financial stability they need to get back on their feet.
The Southern African market is prepared for digital disruption
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
Secured debt
12-15% pa
Usecured debt
18-21% pa
Unsecured debt
with warrants
Equity
Equity injection of R15m to R20m can drive loan book growth to R480m based on a 3:1 debt:equity expectation and expected
profitability of R96m.Loanbook and NPAT growth
- Management have completed the transformation of the loan portfolio & business to build a strong financial services proposition in the Southern African common monetary area.
- Focus on expanding product offering to more holistic financial services offering.
- Strong technology base – platform and AI capabilities leveraging the historic Group investment.
- Changing the way consumers manage their financial welfare.
- Corrected historic credit quality and now expect to consistently deliver optimal quality through scoring.
- Build an optimum cost platform requiring a ZAR 200m loan book to breakeven and cost to income ratio
reducing to 46%. - Requirement of equity / hybrid financing of R[50]m and thereafter debt lines of up to R[300]m.
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.
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.
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.
Improve and maintain quality
Strengthen non-traditional data sources and increase reliance on AI models to grow sales without compromising risk.
Key Management
Jaco Coetzee
COO Smartadvance SA
Tamuka Mpofu
CFO
Manuel Koser
Independent Non-Executive Director
Matsi Modise
Independent Non-Executive Director
Nicky Swartz
Independent Non-Executive Director
Contact us
Finclusion Pte Ltd
151 Chin Swee Road, #07-12
Manhattan House,
Singapore, 169876
Number: 201824790K
