The fintech group reported revenue of R12bn, up 14%, for the year to end-June. Group adjusted earnings before interest, tax, depreciation and amortisation (ebitda) were up 33% at R922.2m, achieving the guidance provided.
In recent years, the group’s business has been driven by its two main divisions focusing on merchants and consumers, with the latter providing products such as unsecured credit, transactional banking, microinsurance and value added services through its EasyPay platform in the formal sector.
The group now has a third division, enterprise, driven by its recent acquisition of Recharger.
Mali outlines how the group has gone about integrating the various businesses it has acquired recently, such as Adumo and, most recently, Bank Zero.
He explains how the business has been reorganised due to the various deals and how this will affect future earnings.
During the discussion, Mali outlines the group’s growth strategy for its three businesses — consumer, merchant and enterprise; the strategy around acquiring a bank; and integrating various businesses post-acquisition.
Business Day Spotlight is an Arena Podcasts Production.