Proactiveinvestors United Kingdom Bango PLC Proactiveinvestors United Kingdom Bango PLC RSS feed en Mon, 17 Jun 2019 14:05:35 +0100 Genera CMS (Proactiveinvestors) (Proactiveinvestors) <![CDATA[RNS press release - Correction: Total Voting Rights ]]> Mon, 10 Jun 2019 15:30:46 +0100 <![CDATA[RNS press release - Block listing six monthly return ]]> Fri, 07 Jun 2019 07:00:04 +0100 <![CDATA[RNS press release - Result of AGM and Directorate Change ]]> Fri, 17 May 2019 15:40:52 +0100 <![CDATA[RNS press release - Total Voting Rights ]]> Wed, 01 May 2019 07:00:03 +0100 <![CDATA[RNS press release - Second Price Monitoring Extn ]]> Mon, 01 Apr 2019 16:40:33 +0100 <![CDATA[RNS press release - Price Monitoring Extension ]]> Mon, 01 Apr 2019 16:35:26 +0100 <![CDATA[RNS press release - Grant of Options ]]> Wed, 27 Mar 2019 15:36:36 +0000 <![CDATA[RNS press release - Holding(s) in Company ]]> Tue, 26 Mar 2019 13:25:41 +0000 <![CDATA[News - Bango has profitable fourth quarter; expects explosive growth in end user spend to continue ]]> Mobile commerce company Bango PLC (LON:BGO) saw end user spend (EUS) on its platform more than double in 2018.

EUS in 2018 rose to £558.2mln from £271.4mln in 2017 and the company is expecting EUS to more than double again in the current year.

Revenue in 2018 increased 60% to £6.62mln from £4.15mln the year before.

READ: Bango expecting end user spend to double once again in 2018

The group posted positive underlying earnings (EBITDA) in the fourth quarter, contributing to a reduction in the full-year loss before interest, tax, depreciation and amortisation (LBITDA) to £870,000 from £1.57mln in 2017.

The loss before tax in 2018 was £3.52mln, compared to a loss in 2017 of £3.89mln.

Cash at the end of 2018 stood at £3.81mln, down from £4.85mln at the end of 2017.

Management expects the company to generate sufficient cash this year to cover both the operational costs of the business and the continued investment in product development.

@bangodotcom is gearing up for Games Developer Conference. #appdevelopers interested in #useracquisition need to meet the team and join the Bango circle #GDC2019

— Bango (@bangodotcom) March 18, 2019

"2018 was an important and successful year for Bango. Strong growth in revenues, growth in the core payments business, and expansion of the business to providing data insights for app developer marketing, all provide a powerful platform for a profitable 2019 and prosperous long-term future,” declared Ray Anderson, the chief executive officer of Bango.

“App developers, app stores, merchants and payment providers are crossing the threshold into the Bango ecosystem to collaborate, grow and thrive. More mobile commerce throughout the Bango Platform will deliver value from both the established payment platform and also from the unique ability to securely and safely monetize anonymized payment data. This is the opportunity that Bango will focus on during 2019," he added.

Tue, 19 Mar 2019 07:44:00 +0000
<![CDATA[RNS press release - Directorate Change and Notice of AGM ]]> Tue, 19 Mar 2019 07:01:03 +0000 <![CDATA[RNS press release - Final Results ]]> Tue, 19 Mar 2019 07:00:16 +0000 <![CDATA[Media files - Bango sets out growth strategy after appointment of former Nokia executive ]]> Mon, 25 Feb 2019 08:16:00 +0000 <![CDATA[News - Bango jumps as it appoints former Nokia exec as new COO ]]> Bango plc (LON:BGO) shares jumped in early deals Wednesday after it appointed Paul Larbey, a former executive from Finnish telecoms giant Nokia, as its new chief operating officer.

Larbey joins Bango from his previous role as chief executive of streaming technology group Velocrix, which he led through its integration with French telecoms firm Alcatel-Lucent before it was acquired by Nokia in 2016, after which in 2018 he led Velocrix’s spin-out from the firm into a pure-play streaming company.

WATCH: Bango sets out growth strategy after appointment of former Nokia executive

In his new role at mobile commerce group Bango, Larbey will be responsible for the Operations, Customer Delivery and Customer Success teams to scale the Bango Marketplace that was launched in December.

“With over 20 years of experience in the Telecoms market, having held leadership positions in Cray Communications, Lucent, Alcatel-Lucent and Nokia, Paul has a strong track record of successfully bringing new technologies to market”, Bango said.

Ray Anderson, Bango's chief executive, added: "Paul comes to the Bango team with years of experience providing vital technology to industry leaders. His passion and track record in driving growth and transformational change align to the creation of an ecosystem where merchants and payment providers converge, grow and thrive."

Shares were up 3.7% at 84p.

Wed, 20 Feb 2019 08:21:00 +0000
<![CDATA[RNS press release - Bango strengthens team with ex Nokia exec ]]> Wed, 20 Feb 2019 07:00:05 +0000 <![CDATA[News - Bango targets profitability following launch of data marketplace ]]> • Launched consumer data marketplace in December 2018
• 2018 cash expected to take firm to profitability What Bango does

Bango plc (LON:BGO) is a mobile commerce operator that connects payment providers, merchants, and app stores.

The firm works with tech giants such as Google, Amazon, and Microsoft to help them process payments from their mobile customers across their app stores.

Bango also offers insights derived from the data it processes from transactions, allowing businesses to have more visibility on their customers and markets.

What it owns

Bango has two main strands to its business, a payments platform and the Bango Marketplace.

The mobile payments platform allows mobile app store customers to click and buy apps or in-app content and placing the charge on their mobile phone bill.

The company’s app store partners include the Google Play Store, the Amazon Appstore, GALAXY Apps from Samsung, and the Windows 10 and Windows Phone Store from Microsoft.

The Bango Marketplace, meanwhile, allows mobile app developers to direct their marketing towards target customers by purchasing data segments gathered through the company’s payment platform.

Inflexion points

• In a trading update in December, Bango said it expects end user spend to more than double in 2018 to more than £550mln from £271mln in 2017, continuing a four-year trend of more than 100% growth

• Since its pre-launch in November 2018, the Bango marketplace has started to generate initial revenues from new early adopter customers

• Cash at the end of the 2018 fiscal year is expected to be in excess of £3.5mln – more than enough to take the group to profitability

Blue Sky

Speaking to Proactive, Bango’s chief executive Ray Anderson says that the Bango Marketplace is expected to contribute materially to group revenues this year.

He adds that the platform has gathered a lot of consumer data which can now be used to help the company’s payment provider partners generate more business and therefore more transactions for Bango’s platform to process.

That same data will then be used by app developers through the Bango Marketplace to help them grow.

“Some [app developers] spend as much a third of their revenue on marketing,” Anderson says, adding that the marketplace is gaining momentum and that the company has already made its first sales.

By mid-2019, Anderson says the company will have “a much better idea of how rapid that growth is going to be”.

Revenues will then layer on top of the payment business, where the end user spend is continuing to rise.

“We’ve had great success with our payment platform, the end user spend has doubled every year for about four years and that’s expected to continue”.

With shares trading at around 81.5p as of 15 February, Bango carries a market cap of £53.8mln.

Fri, 15 Feb 2019 08:00:00 +0000
<![CDATA[RNS press release - Notice of Results ]]> Thu, 14 Feb 2019 14:09:48 +0000 <![CDATA[Media files - Bango Plc enters next phase of growth with launch of Bango Marketplace ]]> Thu, 07 Feb 2019 15:27:00 +0000 <![CDATA[RNS press release - Total Voting Rights ]]> Fri, 01 Feb 2019 07:00:01 +0000 <![CDATA[RNS press release - Notice of Strategy Day ]]> Wed, 30 Jan 2019 07:00:04 +0000 <![CDATA[RNS press release - Grant of Options ]]> Fri, 04 Jan 2019 07:50:01 +0000 <![CDATA[RNS press release - Board Change and Appointment of CFO ]]> Thu, 03 Jan 2019 07:00:11 +0000 <![CDATA[News - Bango expecting end user spend to double once again in 2018 ]]> Mobile payments group Bango plc (LON:BGO) expects end user spend to more than double in 2018, continuing a four-year trend of more than 100% growth.

Total end-user spend in 2017 was £271mln, but the AIM company is guiding for that figure to be more than £550mln this time around.

WATCH: Bango Plc enters next phase of growth with launch of Bango Marketplace

Underlying earnings (EBITDA) will be positive for the final quarter of the year (Oct-Dec), but not for the year as a whole.

That’s because management has decided to take revenue on several new contracts for subscription services as long-term, higher value annuity revenues rather than one-time, up-front fees this year.

Despite the short-term setback, Bango’s guidance for “continued significant” revenue and EUS growth in 2019 remains unchanged.

Cash at the end of the year is expected to be in excess of £3.5mln – more than enough to take the group to profitability.

“Trading as Bango enters 2019 is going well,” said chief executive Ray Anderson.

“The payment business continues to thrive, and the increasing pipeline of EUS that can move over to the Bango Platform gives confidence that rapid EUS growth on a stable cost base can continue.

“The launch of the Bango Marketplace on 13 December opens up new revenue streams for 2019 and beyond, building on unique Bango technology and the technology and relationships acquired earlier this year with Audiens SRL.”

Bango shares dipped 2.7% to 82.8p.

Thu, 27 Dec 2018 10:00:00 +0000
<![CDATA[RNS press release - Trading Update and Capital Markets Day ]]> Thu, 27 Dec 2018 07:00:09 +0000 <![CDATA[RNS press release - Second Price Monitoring Extn ]]> Tue, 11 Dec 2018 16:40:45 +0000 <![CDATA[RNS press release - Price Monitoring Extension ]]> Tue, 11 Dec 2018 16:36:07 +0000 <![CDATA[RNS press release - Second Price Monitoring Extn ]]> Tue, 11 Dec 2018 14:06:08 +0000 <![CDATA[RNS press release - Price Monitoring Extension ]]> Tue, 11 Dec 2018 14:00:52 +0000 <![CDATA[News - Bango launches marketing platform, sees 2019 sales growth ]]> Mobile payments company Bango plc (LON:BGO) has launched Bango Marketplace, a new product that increases user numbers and revenues for app developers and opens new revenue streams for mobile operators. 

The mobile commerce group said on Tuesday that based on initial revenue from early adopters, it expects Bango Marketplace to contribute materially to group revenues in 2019, alongside continued growth in its payment and Audiens customer data platform (CDP) businesses.

READ: Bango appoints former Smith & Nephew director Carolyn Rand as interim CFO

Bango said that by using Bango Marketplace, app developers can quickly and easily focus their marketing on higher value customer segments, across a wide range of markets. This focus increases the effectiveness of marketing spend significantly.

Bango uses technology from its recently acquired Audiens customer payment platform to create segments and to feed them to Facebook, Google, Oath, The Trade Desk and other places where they can be used by app developer marketing teams, the company said.

App developers and other merchants enter the Bango Marketplace online, select the data segments they wish to use and activate their marketing campaigns. Online campaigns can be started as quickly as the same day, the company said.

Since its pre-launch in November 2018, Bango said the marketplace had started to generate initial revenues from new early adopter customers.

To drive adoption and sales Bango has deployed a team to focus on app developer success with Bango Marketplace operating from its Cambridge UK, San Jose USA, Tokyo, and Seoul offices.

"The Bango Marketplace is a unique place where app developers and merchants can use customer segments to more than double the effectiveness of their marketing spend. It enables mobile operators to safely and securely monetize their payment data in ways that were previously impossible,” Bango’s CEO Ray Anderson said in a statement.

“Mobile operators can not only earn additional revenues my monetizing knowledge about their users, but they will see additional app store sales, boosting their end user spend. This is an exciting phase in the rapid growth of Bango, adding a huge range of new customers for the Bango platform, with an opportunity for significant revenue growth without materially increasing operating costs,” he added.

Tue, 11 Dec 2018 07:22:00 +0000
<![CDATA[RNS press release - Bango launches Bango Marketplace ]]> Tue, 11 Dec 2018 07:00:14 +0000 <![CDATA[RNS press release - Total Voting Rights ]]> Mon, 03 Dec 2018 07:00:04 +0000 <![CDATA[RNS press release - Total Voting Rights ]]> Thu, 01 Nov 2018 07:00:02 +0000 <![CDATA[News - Bango appoints former Smith & Nephew director Carolyn Rand as interim CFO ]]> Mobile payments company Bango PLC (LON:BGO) has appointed former Smith & Nephew PLC (LON:SN. finance director Carolyn Rand as interim chief financial officer following the departure of Rachel Elias-Jones.

Rand, who was finance director at Smith & Nephew for 10 years until 2012, will remain as interim CFO of Bango until at least April 2019 or until a permanent replacement for Elias- Jones is found.

READ: Bango CFO Rachel Elias-Jones to step down in November

Most recently, Rand was chief operating officer of BirdLife International, a nature conservation non-profit organisation. She was also chief executive of biotech research firm Isogenica Ltd and a finance director at Sepura PLC, a supplier of digital radio systems and software applications.

“I look forward to working with Carolyn as CFO and also benefitting from her experience in CEO and CFO roles in fast growing technology businesses and public companies,” said Bango chief executive Ray Anderson.

“Her experience in maintaining tight financial control and driving profitability in global businesses will be a real asset to Bango as it grows and thrives in an exciting market."

Bango announced last month that Elias-Jones is stepping down on November 12 after two years as CEO and four years as financial controller at the company. 

Wed, 10 Oct 2018 12:32:00 +0100
<![CDATA[RNS press release - Interim Chief Financial Officer ]]> Wed, 10 Oct 2018 12:00:03 +0100 <![CDATA[RNS press release - Total Voting Rights ]]> Mon, 01 Oct 2018 07:00:05 +0100 <![CDATA[News - Bango CFO Rachel Elias-Jones to step down in November ]]> Bango PLC's (LON:BGO) chief financial officer Rachel Elias-Jones is stepping down on November 12 to take up a new position, the mobile payments platform operator announced on Thursday.

The firm said the board has recruited an interim CFO who will begin full-time on October 8 to ensure an orderly transition. The search for a permanent CFO is underway.

READ: Bango sees use of online payments platform usage surge higher

Elias-Jones leaves after two years as CFO and four years as financial controller at Bango.

"I thank Rachel for her contribution to the growth of Bango as a leader in mobile commerce, and her contributions to the strong Bango financial systems and success of Bango customers,” said chief executive Ray Anderson.

“End User Spend is twenty times higher than when she joined Bango, with Bango operating on a stable cost base as growth continues. Rachel will be an asset to her new company and we wish her well in her career."

Thu, 27 Sep 2018 14:12:00 +0100
<![CDATA[RNS press release - Directorate Change ]]> Thu, 27 Sep 2018 14:00:02 +0100 <![CDATA[RNS press release - Grant of Options ]]> Mon, 24 Sep 2018 08:58:28 +0100 <![CDATA[Media files - Bango Plc driving profitability further with new customers and routes ]]> Thu, 20 Sep 2018 09:32:00 +0100 <![CDATA[News - Bango has ambitious plans to dominate mobile billing payments ]]> Mobile payments platform operator Bango PLC (LON:BGO) is surrounded by big numbers.

The last test for its platform was for £5bn worth of transactions a year, but now it is working on handling £50bn of transactions or the combined business (more or less) of Google Play and Amazon.

WATCH: Bango Plc driving profitability further with new customers and routes

That’s a lot of purchases but Ray Anderson, Bango’s chief executive, is confident and ambitious.

“We want to be in a situation where we are processing the lion’s share of the biggest merchants’ digital business to mobile users.”

Interim results to 30 June showed end user spend (EUS) rose 138% to £220mln and remains on track to more than double for the fourth consecutive year.

READ: Bango surges after announcing Amazon UK hook-up

“January’s acquisition Audiens has added a completely new and high margin, revenue stream during the period and there remains a growing pipeline of new MNO/App Store integrations to complete as well as further Google Play upgrades, together representing well over US$4bn in EUS,” added house broker Cenkos.

The broker expects EUS to jump from £593mln to more than £1.3bn in 2019, by which time the business will be making a profit of £5.6mln and throwing off cash.

Cenkos notes recent partnerships have enabled mobile network operator (MNO) customers to sign-up for Amazon Prime Video in the US, UK and India, and Pandora customers in the US.

That has generated new subscription-based revenues for Bango.

Audiens participation

Audiens, meanwhile, will allow Bango to analyse the huge amounts of transactional data that flows across the platform and is a key component in its attempt to monetise this info.

“Mobile operators can extract more value from the carrier billing business by working with Bango and opening data monetisation is encouraging people to move over to the platform,” says Anderson.

There is an ‘air-gap’ between the mobile operator and merchant as neither wants to give their data to the other.

Bango, though, sees the information from both parties and through Audiens, can isolate and provide ‘pots’ of potential customers targeted anonymously.

Individuals, too, can see their own data, for example, their spending on a gambling site.

“The acquisition and further development of Audiens technology has been a core component in Bango’s strategy to monetise this data, leading to the creation of a new business segment,” said Cenkos.

What Bango does?

The group, which enables payments for apps and games including Pokemon GO, has been steadily adding new technologies to its offering, including direct carrier billing for physical goods (the Amazon Prime deal in Japan), resale and bundling for Amazon Prime in Indian and beyond, plus new payment methods such as digital wallets.

In its own words, Bango makes it easier for customers like you and me to buy digital content like apps, games and music on our phones and tablets. Once users are ready to complete their app store purchases, they just click once and they’ve paid.

The payment is charged to the user’s mobile phone bill, meaning that there is no need to enter card details or any other personal information.

Essentially, you can make app store purchases whenever, wherever and in one tap.

Bango has processed hundreds of millions of digital content payments for the likes of Amazon, Microsoft, Samsung and Google.

For each of these purchases made using Bango’s payment platform, the firm takes a small percentage.

Through all these transactions, Bango collects data by the masses, which it uses to generate unique insights into customers’ buying habits.

The company can then use this information to offer optimisation recommendations to its partners about how they could improve the user experience and, more importantly, how they could increase their conversion rate.

Wed, 19 Sep 2018 15:02:00 +0100
<![CDATA[News - Bango sees use of online payments platform usage surge higher ]]> Online payments specialist Bango plc (LON:BGO) saw another surge in payments through its platform over the past six months.

Giants in the space Amazon, Microsoft, Google and Samsung use the Bango platform to collect payments and through these and other customers end user spend climbed to £220mln.

READ: Bango Plc's Ray Anderson discusses 2018's commercial deals

That was a 138% year-on-year increase in the six months to June and 22% over the second half of 2018.

Revenue rose 54% to £2.63mln, while Bango’s payments arm also posted an underlying profit, though overall there was a loss of £900,000.

Ray Anderson, chief executive, said: "The Bango Payments business reached positive EBITDA at the end of 2017, and new customers and routes launched in the first half of 2018 are driving profitability further.”

He added he was delighted with how January’s acquisition of data analytics group Audiens was shaping up.

“The technical and commercial integration is proceeding rapidly, with clear synergies opening up a new data-derived revenue stream at a faster pace than originally planned.”

Tue, 18 Sep 2018 07:49:00 +0100
<![CDATA[RNS press release - Half-year Report ]]> Tue, 18 Sep 2018 07:00:12 +0100 <![CDATA[RNS press release - Total Voting Rights ]]> Mon, 03 Sep 2018 07:01:04 +0100 <![CDATA[RNS press release - Block listing Interim Review ]]> Mon, 03 Sep 2018 07:00:08 +0100 <![CDATA[RNS press release - Holding(s) in Company ]]> Mon, 20 Aug 2018 09:39:36 +0100 <![CDATA[Media files - Bango Plc's Ray Anderson discusses 2018's commercial deals ]]> Tue, 07 Aug 2018 10:28:00 +0100 <![CDATA[Media files - Bango sees a 'great path into the future' helping businesses reach more customers ]]> Fri, 03 Aug 2018 15:35:00 +0100 <![CDATA[RNS press release - Total Voting Rights ]]> Wed, 01 Aug 2018 07:00:02 +0100 <![CDATA[RNS press release - Holding(s) in Company ]]> Thu, 26 Jul 2018 15:12:18 +0100 <![CDATA[RNS press release - Holding(s) in Company ]]> Wed, 25 Jul 2018 12:07:31 +0100 <![CDATA[News - Bango confident of strong second half of the year ]]> Bango plc (LON:BGO), the mobile commerce company, said end user spend (EUS) this year has continued its trend of at least doubling every 12 months.

The total EUS for the first half of 2018 was £220mln compared with £92mln in the first half of 2017 and £271mln for all of 2017. As in previous years, EUS in the second half of the year is expected to be significantly higher than in the first, Bango said.

WATCH: Bango Plc's Ray Anderson discusses 2018's commercial deals

The company said it is fully funded to reach profitability. Cash at the end of June stood at £5.8mln, compared with £4.8mln at the end of 2017.

Funds raised in January 2018 were used to acquire Audiens, repay its loans as part of a transition service agreement and integrate and invest in Audiens technology.

READ: Bango to speed up data monetisation drive with acquisition of Audiens

The existing Audiens business has continued to grow this year, with several new customers coming on board, including LeoVegas, Morelatto and Unieuro.

Revenue is generated by collecting, organising and analysing data to build customised audience segments made available to advertisers, Bango said.

The @bangodotcom Market Index delivers a unique view across the market. Set your #CarrierBilling performance expectations:

— Bango (@bangodotcom) July 18, 2018

"The Bango Platform enables partners and customers to thrive. A strong first half of the year has been driven by our partners increasing use of the Bango Platform for more products, new geographies, and new ways for customers to pay for their products,” said Ray Anderson, the chief executive officer of Bango.

“Our competitive customer offering has been greatly enhanced by Audiens, allowing global merchants to boost customer acquisition and revenue through powerful data insights. This combined proposition is driving EUS and revenue growth, positioning Bango well for a strong second half of the year," he added.

Fri, 20 Jul 2018 07:44:00 +0100