Due diligence on challenger digital bank in South Africa

Genesis was commissioned by a private equity investor to conduct a strategic due diligence for a South African digital bank ahead of a potential investment.

The Genesis team spent extensive time meeting with the bank's management to understand its products, value proposition and financial prospects, which were further assessed relative to the South African banking market.

The analysis covered customer growth and revenue per customer (both fee income and interest income), the bank's product suite, partnerships and cost structure.

The team forecasted the bank's prospects in terms of customer growth and product uptake, comparing and contrasting its findings with the bank's own forecasts to assist the client in making an investment decision.