Investing in Bancore
Bancore is a privately held company backed by early stage investors, including Formis Resources Bhd of Malaysia which holds a 25 percent ownership stake. Due to the anticipated rapid growth in footprint, revenue and valuation, Bancore works in short one-year investment cycles to avoid unnecessary investor dilution.
Bancore's strong business growth is the positive result of offering bank-like experiences to end users who otherwise have only limited or more expensive alternatives.
IP and partner strategy
Bancore's state-of-the-art technology platform and all related intellectual property is developed in-house. Along with a partnership strategy whereby Bancore connects banks, utility companies, retailers and agents in a highly scalable and revenue generating economic community, Bancore provides all stakeholders with a number of instant advantages.
This can be through the establishment of a financial infrastructure in markets and regions with no or limited previous access. Bancore's services can also lower, and in some cases eliminate, the cost of customer acquisition, time spent per transaction, counter service, bill payment/collection, and cross-border transfers.
Strong global potential
Bancore's products and approach has an immediate appeal to more than four billion potential customers globally. The services are relevant for a number of end user profiles, whether the end user is a banked individual in a developed country or an unbanked farmer in an emerging market.
Bancore's ultimate mission is to change the world - through a unique, for-profit business model which offers clear advantages for everybody involved.
To start a conversation about Bancore's potential and what we look for in an investment partnership, please contact us through the Contact form.
Testimonials from our partners
A Tight Cooperation in Vietnam
"We have consistently found Bancore to be a diligent and vigilant partner and are currently planning to expand our engagements within this market with them."
Financial inclusion in Nigeria
We are extremely pleased to partner with Chams Mobile and Bancore across our network, building financial services infrastructure and ensuring financial inclusion for many more Nigerians.
Technology and expertise
As Bancore's joint-venture partner, we are very pleased with the relationship and the progress that has been made towards making Chams Mobile the leading Mobile Money operator in Nigeria.
A solution to key integration obstacles
"Bancore has created a industrial strength and easy-to-use API which solves a number of key obstacles when integrating mobile financial services"