Market's view on Bango
Published on April 2024
- Total Payment Volume (“TPV”) for Bango was reported at $10.5 billion in 2023, marking an 18% increase from $8.9 billion in 2022, with a 23% rise on a constant currency basis.
- Currency fluctuations notably impacted Bango’s reported revenue, especially concerning Docomo, where the falling Yen and its conversion to GBP reduced the apparent growth, despite nominal growth in local currency terms.
- Bango’s strategy for 2023 included launching new content providers and expanding existing routes, focusing on partnerships like the one with TPAY in the Middle East and Africa to deliver new Google routes.
- The stock watchers noted a potential vulnerability for a takeover bid due to the low market capitalization, referencing a recent bid for Dark Trace as a comparative scenario.
- Concerns about market makers and the spread between buying and selling prices of the stock were highlighted, hinting at dissatisfaction with the current market making process.
- There is anticipation of growth acceleration once Docomo is fully integrated onto Bango’s platform by 2025, following a period of adjustment post-acquisition.
- Speculation exists around significant American investment companies showing interest in technology portfolios similar to Bango, suggesting potential for future bids or increased investment activity.