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Overview

Bango Plc (AIM: BGO) is a global platform for data-driven commerce – companies such as Google, Microsoft, Amazon, Youtube and Spotify choose Bango to power alternative payment methods. Bango has a two pronged approach to becoming the technology behind every payment choice:

  1. Making online commerce frictionless, opening up new payment options including carrier billing, mobile wallets and subscription bundling
  2. Using payment transaction data to make merchant marketing spend more effective through purchase behaviour targeting

www.bango.com

Directors

  • Ray Anderson (Exec Chair): Co-founder. Established IXI, early leader in creation of web. Founding investor; Electronic Share Information (sold to E*Trade)
  • Paul Larbey (CEO): Former CEO of Velocix. >20yrs experience in  telecoms
  • Matt Garner (CFO): formerly CFO at Global Invacom
  • Anil Malhotra (Chief Marketing Officer): Co-founder.

Peer Group

  • Earthport (AIM: EPO): Cross-border payment services to banks and businesses
  • Planet Payment (NASDAQ: PLPM): International payment and data processor

Major Shareholders

Management

  • Ray Anderson – 8.67%
  • Anil Malhotra – 5.24%
  • Paul Larbey – 0.04%

Others

  • Liontrust Asset Management – 13.33%
  • Herald – 10.62%
  • NHN Corp – 9.45%
  • Odey AM – 8.20%
  • Hargreave Hale – 4.18%
  • Cavendish Asset M’gt – 4.66%
  • Inflection Point Investments – 3.99%

Macro Indicators

www.techcrunch.com (January 2020)
“App Stores saw record 204 billion appdownloads in 2019, consumer spend of US$120bn.”

“Consumers downloaded a record 204 billion apps in 2019, up 6% from 2018 and up 45% since 2016, and spent $120 billion on apps, subscriptions and other in-app spending in the past year. The average mobile user, meanwhile, is spending 3.7 hours per day using apps.”

Media Coverage

Investors Chronicle (Sep 2021)
“Priced for a highly profitable outcome: A provider of a state-of-the-art mobile payment platform is delivering eye-catching revenue growth and is poised to smash full-year earnings estimates.”

Thisismoney.co.uk (Feb 2021)
“Mobile payments firm Bango in its sweet spot as e-commerce comes of age.”

Broker Coverage

Progressive Equity Research (Mar 2018)
“Momentum remained strong during the year, with End User Spend (EUS) confirmed as having more than doubled but opex having grown by just 13%. The positive outlook statement will give confidence in the near-term financial performance.”

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