History and key events

2012

Bancore parent company founded in Denmark.

2012 Bancore

2012

Consumer pilot project launch in Europe.

2012 Bancore

2013

First 700,000 prepaid cards issued.

2013 Kegow Bancore

2014

Bancore white-label launch in Vietnam with VP Bank.

2014 VPBank

2016

Bancore reach 1.45 million issued prepaid cards.

2012 Bancore

2016

Bancore Group wins VISA EMEA award as “best mobile prepaid card platform”.

2016 Visa award

2017

Launch of Bancore Switch with SmallWorld in Nigeria.

2017 Small World

2017

Bancore and GTP launch a seamless and instant smart payment platform project with a late 2017 pilot test in Nigeria.

2017 GTP

2018

We reach a transaction volume of USD 82M in Nigeria.

2018 Transaction volume

2019

Bancore refocus strategy to a 100% controlled model and introduce “Bancore Platforms”, “Bancore Payments” and “Monny.me” to the market.

2019 Bancore Platforms

2019 Bancore Payments

2019 Monny.me

2019

Grant-Thornton values Bancore Nigeria at USD 15M.

2017 Grant Thornton

2019

Allianz Insurance strategic partnership signed.

2019 Allianz Insurance

2020

Bancore launch the MicroFinance Bank switch and companion card.

2020 MaxiSoft Solutions

2020

Monny.me launch in Nigeria with Providus Bank.

2020 Providus Bank

Prepaid cards Issued

Total issued prepaid VISA and Mastercards have reached 1.45M, and Bancore is 6 months from being cash-flow positive

2012

2014

2016

2018

2020