As previously announced, Intelligent Cloud Resources Inc. (the “Company”) entered into a definitive agreement on July 21, 2017 to license Fonia Mobile and Fonia Financial (collectively “Fonia”) in the State of Florida and the Caribbean, referenced previously as the “instant access mobile” products from inception to launch.
As of October 20, 2017, the Company has acquired the exclusive license rights expanding the license nationwide across the United States.
The Company’s exclusive focus is now the commercialization of Fonia.
Nature of Operations of Fonia
The Company has changed its nature of operations to providing technology solutions, and cloud-based financial and telecommunication services.
The Company, through its license of Fonia, offers mobile banking and telecommunication solutions specifically designed for unbanked and underbanked adults living in the U.S.
Fonia’s mobile banking includes a bank account app, and a pre-paid MasterCard. Customers can deposit checks, pay bills, withdraw money from ATMs, purchase products and services, and send money anywhere in the world. It also offers credit monitoring and improvement through a partnership with TransUnion. Customers are pre-approved, with no credit checks necessary, due to all financial transactions being pre-paid.
The bank account is combined with a mobile phone network offering North America calling and roaming coverage supported by AT&T. The customer mobile plan offers 500 minutes, 500 texts, and 500 megabytes at a low, fixed monthly payment.
Both the bank account and mobile access are pre-loaded on a Leagoo android smart phone, and sold as a package at an extremely competitive price.
Additional information can be found at www.foniamobile.com .
The Company’s focus is the growth of Fonia’s proprietary mobile banking and telecommunication solutions custom tailored for the 118 million unbanked and underbanked adults living in the U.S. The Company’s goal is to become a top 10 leader in mobile banking market.
Fonia is for the 50 million unbanked and 68 million underbanked Americans. Unlike banks, Fonia offers services that are easy to use, transparent, competitively priced with no hidden fees or charges. In fact, the phone is the bank branch.