The film features an interview with CFO Carolyn Rand and CEO Paul Larbey, in which they update investors on The Group’s financial, operational and strategic progress. AIM Listed Bango (AIM:BGO) made big strides in 2019. End User Spend (EUS) which is used by Bango as a key performance indicator doubled for the 5th year in a row, with Bango processing around £1.1bn of transactions in 2019. The company increased EBITDA, and maintained a stable cost base. Costs were up slightly due to investment in its data business.

The management often refer to Bango’s virtuous circle, which can be explained as follows:

• Bango provides the technology which powers the payments for goliaths such as Google, Amazon and Youtube TV.
• The data from these payments is collected and processed into a form which makes marketing more efficient for developers and merchants. As an example of this, Bango runs a service called ‘Bango Marketplace’. This allows app and game developers to target facebook audiences with a history of paying for apps & games (uniquely Bango has a record of which audiences pay for advertised products, rather than just browsing or ‘liking’).
• Merchants use Bango’s data to generate more payments, which in turn generates more data from the payments. This is in turn fed back to Bango’s machine – and so on and so forth.

The video covers Bango’s financial year for the 12 months ending 31 December 2019.