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Lots of potential here . Africa emerging markets highest growth area in world. A little patience here will reward 300 to
500%
$IWBB: Getting more and more Recognition....... nice writeup
Tingo Inc. (IWBB) Poised to Unite Social and Financial Return; Aims to Transform Africa with Innovative Fintech and Agribusiness Solutions Using Smartphone Technology
November 17, 2021
Tingo is committed to becoming truly Pan-African Agri-Fintech company with a global reach
Founded two decades ago, Tingo is Africa’s market leader focused on agriculture and related financial services with over $600 million annual revenues and nearly 10 million users
As a profitable company focused on making a positive impact on people in rural communities, Tingo aims to unite market growth potential with opportunities to contribute to a social change across Africa
With a vision to empower societies and create social upliftment in rural African communities by building digitally inclusive ecosystems and promoting financial inclusion, Tingo (OTCQB: IWBB) is forging ahead committed to becoming a Pan-African Agri-Fintech company with a global reach. Established in 2001 by Dozy Mmobuosi, CEO and co-founder, to bring mobile technology and fintech solutions to the unbanked rural areas in Nigeria, Tingo today is the leading company focused on agriculture across Africa with over $600 million annual revenues and nearly 10 million subscribers. Mmobuosi, a Ph.D. holder with a spirit of a serial entrepreneur is confident that the company is well on its way to becoming the continent’s leading agri-fintech player (https://ccw.fm/gHGRf).
Recognizing that achieving the United Nations Sustainable Development goals—adopted as the company’s guiding principles—is closely connected with strategies that build economic growth, Tingo aims to…
Read More>>
NOTE TO INVESTORS: The latest news and updates relating to IWBB are available in the company’s newsroom at https://ccw.fm/IWBB
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CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.
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$IWBB: Huge news....... Cudos & Tingo Partnership
Cudos and Tingo Vow to End the Poverty Premium With a Huge Partnership
Wednesday, November 17, 2021 8:00 AM
The decentralized cloud computing network Cudos announced a collaboration with Tingo to tackle the poverty premium, empowering over 9 million Nigerians to earn from their smartphones.
LONDON, ENGLAND / ACCESSWIRE / November 17, 2021 / Minutes of standing ovation followed Cudos' latest announcement at the AIBC summit. The decentralized cloud computing blockchain network will partner with Tingo to tackle the poverty premium through mobile monetisation applications.
The announcement happened on stage at AIBC Malta, a global event unifying Ai, UI, IoT and Quantum Tech and hosting thousands of policymakers and thought leaders.
As a growing, scalable computing network, Cudos has over 500,000 business and individual accounts, contributing underutilized resources and earning simultaneously. Like Airbnb for computing, this sustainable model reduces waste and distributes the revenues fairly across the network.
With a focus on sustainability, Cudos is already over two million times more energy-efficient than Ethereum and 100% carbon-neutral. With a robust technology delivered ethically, the decentralised cloud provider attracted 22,000+ developers for its ongoing testnet 'Project Artemis'.
The significance of this extends to the whole industry as Cudos will be the first blockchain connecting consumers to scalable computing through smart contracts. These are the foundations for powering the metaverse, and in this case, providing a whole country with decentralized computing.
The impact of the collaboration will initially extend to almost 10 million devices across the Tingo network. As a unique agri-fintech business that has delivered significant impact to rural communities, the partnership will enable the creation of a distributed cloud for Nigerians, run by Nigerians, that pays Nigerians. Considering that the country is the second-largest Bitcoin market after the US, the significance is unprecedented. After Nigeria, Tingo will expand across Africa and South America, broadening the positive impact further.
The importance of the collaboration, however, goes beyond financial inclusion and freedom. It unites social and environmental needs focusing on economic empowerment while reducing the ecological impact of computing.
The partnership would enable people to run monetisation applications on their smartphones. This would create a fully inclusive digital ecosystem, distributing the Cudos technology to millions of smartphones.
In partnership with Tingo, Cudos has the opportunity to scale a highly distributed smartphone cloud computing network across Nigeria first before expanding into other regions. Ultimately, each community will leverage sustainable, scalable and cost-effective computing resources.
This is a colossal collaboration, as Tingo's model supports farmers in rural Nigeria who would receive single-digit loans rather than the typical microfinance 25%+ interest through the collaboration with DeFi partners MELD. Farmers would use their phones to earn CUDOS.
CUDOS will not only become a currency for payments within this ecosystem. The network will become a compute platform for Nigerian institutes and universities, benefiting those in rural areas with earnings and slowing the rapid migration into cities.
"Our vision of a "decentralized, sustainable and connected world where no computing is wasted" is coming to fruition with this new partnership with Tingo. As Tingo is in the process of listing its subsidiary company, Tingo Inc (OTCQB: IWBB), on the New York Stock Exchange, it is refreshing to share the same ethos of creating technology and business models for the betterment of communities. Positive social impact is the driver behind this deal, providing financial security to millions of users initially. As a partnership, we will build on this, expanding to other regions creating a circular economy of financial inclusion, security and democratised cloud resources. Close to 10 million users able to earn and spend CUDOS is also essential for the growth of our network," commented Pete Hill, VP of Sales at Cudos.
As part of the announcement, Cudos will list on CoinField, a European exchange recently acquired by Tingo International Holdings, increasing the community reach and liquidity for the CUDOS token.
About Cudos
The Cudos Network is a layer one blockchain and layer two computation and oracle network designed to ensure decentralised, permissionless access to high-performance computing at scale and enable scaling of computing resources to 100,000's of nodes. Once bridged onto Ethereum, Algorand, Polkadot, and Cosmos, Cudos will enable scalable compute and Layer 2 Oracles on all of the bridged blockchains.
Learn more: Website, Twitter, Telegram, YouTube, Discord, Medium
About Tingo International Holdings
Tingo is a unique agri-fintech using smartphones to deliver a marketplace that enables nearly 10 million subscribers to manage their commercial activities of growing and selling their products to market participants. The ecosystem provides a one-stop-shop solution to enable such subscribers to manage everything from airtime top-ups, bill pay services for utilities and other service providers, access to insurance services, and microfinance to support their value chain from seed to sale.
Tingo has two innovative platforms - Nwassa, Africa's first digital agriculture ecosystem and Tingo Pay, a mobile payment gateway. Tingo International Holdings is a majority shareholder in Tingo Inc (OTC Markets: IWBB), which owns 100% of Tingo Mobile PLC in Nigeria. The company has recently agreed to acquire Coinfield, a leading European crypto exchange that operates in 198 countries.
Learn more: Website, LinkedIn
SOURCE: Cudo
$IWBB: Also a Crypto play for AFRICA.......... major options
Read this excerpt............
https://wakaaboutafrica.com/iweb-completes-acquisition-of-nigerian-tingo-mobile/
Over 9Milly subscribers
Massively growing platform.
This is clearly the bottom floor here............. only going HIGHER from here
GO $IWBB
$IWBB: NWASSA makes up 38% of TOTAL REVENUES
https://nwassa.com/
Growing Bigger & BIGGER.
This is a huge component of Tingo !!!!!!!!!!!
Driving MAJOR BUSINESS
GO $IWBB
So cheap here and a relatively low floater.
$IWBB: MONSTER MONSTER MONSTER EARNINGS REPORT IS OUT !!!!!!!!!!!!!!
Sitting soooooooooo low here at 3.35
https://www.globenewswire.com/news-release/2021/11/15/2334505/0/en/TINGO-INC-RELEASES-THIRD-QUARTER-RESULTS.html
GO $IWBB
**********************************************************************
TINGO INC. RELEASES THIRD QUARTER RESULTS
Company Continues to See Growth in its NWASSA Payments Platform
November 15, 2021 10:44 ET | Source: Tingo Inc.
...
NEW YORK, Nov. 15, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- Tingo Inc., OTC Markets (IWBB) (“Tingo” or the “Company”) filed its quarterly report on Form 10-Q, wherein the Company reported its unaudited financial results for the three and nine months ended September 30, 2021.
On a proforma basis, Tingo Mobile plc, the Company’s wholly-owned subsidiary acquired on August 15, 2021, generated revenues of $177.0 million and $317.5 million, respectively, for the three and nine month periods ended September 30, 2021, and operating income of $82.0 million and $170.2 million, respectively, for these periods. This compared to total revenues of $45.0 million and $574.7 million, respectively, for the three and nine month periods ended September 30, 2020, and operating income of $38.7 million and $175.4 million, respectively, for these periods.
As a percentage of overall revenue, income generated from the Company’s NWASSA marketplace platform consisting of fees and commissions received from airtime top-ups, utility payments, transaction fees on agricultural marketplace and brokerage on loans, increased from $29.8 million and $77.6 million, respectively, for the three and nine months ended September 30, 2020, to $56.5 million and $120.7 million, respectively, for the three and nine months ended September 30, 2021. NWASSA revenues now constitute approximately 38.0% of overall Company revenues.
On a consolidated basis, the Company reported total assets of approximately $6.6 billion, and total liabilities of approximately $2.3 billion as of September 30, 2021.
Commenting on the unaudited results of the Company for the third quarter and nine months ended September 30, 2021, Dozy Mmobuosi, Chief Executive Officer, stated: “We are very pleased with the results we have achieved through the continued challenges of Covid 19. We recently announced our strategic partnership between Tingo Mobile PLC and Visa. This partnership will allow us to expand our Fintech operations with our planned expansion of Tingo Pay, our new mobile wallet and related services, that will deliver impactful financial inclusion for rural farmers and communities to enable our NWASSA platform and transaction marketplace to be interoperable with the financial banking system.”
Dakshesh Patel, the Company’s Chief Financial Officer, added: “We have successfully transitioned the Group onto the OTC:QB market and delivered strong growth in our Agri-Fintech business NWASSA. We have seen its revenue contribution increase to 38% from 13.5% in the prior period of total revenue for the proforma nine months ended September 30, 2021. The model of ‘device as a service’ through use of smartphones is delivering the results we planned. Our net margins exceeded 50%, mainly due to the increased value of our Agri-Fintech business.”
About Tingo
Tingo is is the leading Agri fintech company operating in Africa, with a marketplace platform that empowers social upliftment through mobile, technology and financial access for rural farming communities. Our unique ‘device as a service’ model allows us to add market-leading applications to enable customers to trade, buy top-ups, pay bills, access insurance and lending services. With over 9 million customers and over 30 million mobile devices sold, Tingo is seeking to expand its operations across select markets in Africa. The Company’s strategic plan is to become the eminent Pan-African Agri-Fintech business delivering social upliftment and financial inclusion to millions of SME farmers and women-led businesses. Additional information about the Company can be found at www.tingoinc.com.
Safe Harbor and Forward-Looking Statements
This press release contains certain forward-looking statements regarding possible future circumstances. These forward-looking statements are based upon the Company’s current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, any risks and uncertainties with respect to the Company’s operations, as well as those contained in the Company’s quarterly, annual, and periodic filings with the Securities and Exchange Commission. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material.
Contacts
Corporate and Media Contacts:
Tingo, Inc.
(646) 847-0144
Rory Bowen
Chief of Staff – Tingo Inc
Rory.bowen@tingoinc.com
Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
$IWBB: Getting ready to UPLIST to NYSE... READ IT !!!!!!!!!!!!
https://www.cryptocurrencywire.com/tingo-inc-iwbb-seeks-to-list-shares-on-nyse-seeks-to-capitalize-on-strong-investor-demand-for--companies/
WOW
BIGGGGGGG Developments here
Super cheap here at 3.50
This could easily be over $30 next year
GO $IWBB
********************************************************************************
Tingo Inc. (IWBB) Seeks to List Shares on NYSE; Seeks to Capitalize on Strong Investor Demand for Peer Companies
November 10, 2021
Tingo Inc has recently submitted its application to list its shares on the New York Stock Exchange
The company has sought to increase overall liquidity in their shares and drive shareholder returns
Peer companies operating within Tingo Inc’s business verticals have enjoyed outstanding returns this year, a testament to the growth in demand for sectors such as e-commerce marketplaces and fintech services
Tingo (OTCQB: IWBB), a digital service agri-fintech technology company focused on foundation-level agriculture and related financial services in Africa, recently revealed that it has applied to list its shares for trading with the New York Stock Exchange (“NYSE”), forming part of the company’s efforts to broaden its appeal to U.S. and international investors. Whilst there are no guarantees that its listing application will be accepted, the Company has reiterated its belief that it will satisfy the NYSE’s initial listing criteria.
Dozy Mmobuosi, CEO of Tingo commented regarding the listing application, “I am pleased to announce our plans to list on the New York Stock Exchange. This is an important step forward for Tingo. The NYSE is the main stock exchange the United States and one that will raise our profile to the broader investment community. The bottom-up list will increase liquidity in our stocks and ultimately create shareholder value in line with our international peer groups.”
Tingo Inc has based its unique business model around four core pillars, namely – device as a service, mobile voice and data services, the Nwassa Marketplace Platform and Tingo Pay, all of which provide the parent company with exposure to some of the fastest growing sub-sectors within the listed equity universe. However, the African continent’s e-commerce industry still finds itself at a relatively nascent stage; despite being home to a youthful demographic, online retail revenues in Africa accounted for only $20 billion in 2020, equivalent to 3.5% of total retail sales. In absolute terms, that would place the African continent’s e-commerce expenditure below the likes of Australia, despite boasting a population on par with that of China.
Tingo Inc’s planned NYSE listing provides global investors with access to a rare and diversified investment opportunity within the African continent, with investors previously constrained when seeking to gain exposure to the latter geography (https://ccw.fm/wEcf9).
The company’s prospects however look extremely bright, when compared to its peers; online marketplaces and fintech focused firms have all enjoyed a stellar run thus far this year. South Africa’s MTN Group (JSE: MTN), Africa’s largest mobile operator, has seen its shares appreciate by over 130% year-to-date whilst dLocal (NASDAQ: DLO), a Uruguay-based, emerging markets focused payment platform has seen its shares nearly double since listing in early June, giving the company a market capitalization of over $16 billion.
With a stated aim of being into Africa’s leading agri-fintech company, focused on driving financial inclusion, social betterment, and wealth creation within Africa’s agricultural sectors, Tingo Inc ranks amongst the rarest of companies – driving social change whilst simultaneously, boosting shareholder returns.
For more information, visit the company’s website at www.TingoGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to IWBB are available in the company’s newsroom at https://ccw.fm/IWBB
About CryptoCurrencyWire (“CCW”)
CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.
$IWBB Tingo Mobile Plc, the core subsidiary of Tingo Inc. (OTC: IWBB), signs a strategic partnership agreement with Visa to further its financial inclusion drive across Africa and beyond
Press Release | 10/27/2021
NEW YORK, Oct. 27, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- To further deepen its financial services in Nigeria and with ambitious expansions plans across Africa in the coming years, Tingo Mobile Plc (OTC: IWBB) (the “Company”) today announces it has entered into an agreement with Visa Inc. (NYSE: V), the world leader in digital payments.
Tingo is a leading Agri-Fintech business in Africa and has delivered significant impact with its unique rural communities-based business model. The Company’s goal is to become Africa’s leading Agri-Fintech business, delivering significant social impact to many rural communities and providing a unique platform to enable financial inclusion, social upliftment, wealth creation and a sophisticated marketplace to promote its produce to markets both domestic and international. Tingo has over 4,000 women agents that support the rollout of its services in Nigeria alone. The Company remains very active in promoting women entrepreneurs to support gender equality and opportunity to this underserved segment of the market. As of Dec. 31, 2020, Tingo had 9,344,000 subscribers. The Company is confident these figures will grow through its planned expansion across Africa and natural progression of business in Nigeria.
With the strategic partnership, the unique African Agri-Fintech company will be able to drive greater adoption and an increase in financial services offered, especially digital payments, on its platforms. Tingo operates two proprietary platforms: Nwassa, Tingo Mobile’s digital agri-marketplace platform that is better connecting African farmers with other players in the agricultural value chain; and Tingo Pay, its in-house payment platform that was recently made available to the general public.
“We are delighted to partner with Visa, the leading company in the global financial services sector. Visa has the mission of connecting the world to secure payment networks and enabling individuals, businesses and economies to thrive, which aligns with Tingo’s mission,” said Dozy Mmobuosi, Founder and Group Chief Executive Officer of Tingo Inc. (OTC: IWBB), the parent company of Tingo Mobile Plc. “With this agreement, Tingo Mobile will be able to issue Visa cards (both physical and virtual) to users on Nwassa and Tingo Pay.”
Mmobuosi also highlighted that Visa will be pivotal to the expansion plan of Tingo Mobile across other African markets and beyond.
In addition to enabling the issuance to and usage of Visa cards for users on Tingo Mobile’s platforms, Visa will also be providing technical support toward enabling payments functionalities
Along with Tingo’s goal to increase financial inclusion in Africa, a vital aspect of the partnership is centred around financial education. Tingo and Visa will work together to provide knowledge and learning tools to communities, which will increase financial literacy and lead to greater financial and economic independence across the continent.
“Partnerships are fundamental to Visa’s business model, and the expansion of our strategic partnership with Tingo Mobile is another example of how collaboration can help our clients deliver improved customer experiences,” said Otto Williams, Senior Vice President, Head of Products and Solutions for Visa Central and Eastern Europe, Middle East and Africa. “Whether it is changing the way people invest, manage money, receive loans or send real-time payments to friends and family, Visa is a natural partner for fintech companies, providing them with new ways to reach their customers through Visa’s vast network and global scale.”
For more information about Tingo Inc., visit www.tingoinc.com.
About Tingo
Tingo Inc. (OTCQB: IWBB) is a digital service agri-fintech technology company focused on foundation-level agriculture and related financial services in Africa. The Company aims to be Africa’s leading Agri-Fintech player, transforming rural farming communities to connect through its proprietary platform to meet their complete needs – from inputs and agronomy to off-take and marketplace – and deliver sustainable income in an impactful way. The Company’s vision is to build complete digitally inclusive ecosystems that promote financial inclusion and deliver disruptive microfinance solutions, empower societies, produce social upliftment in rural communities and open international opportunities.
Global climate change is challenging productivity for sustainable production and food security. Social upliftment is a key area of global interest under the United Nations Sustainable Development Goals (SDGs) and ESG impact investing. The Company’s strategy and market execution provide an opportunity for Africa to be a core focal point to solve several key areas, including food security. Tingo does this through its unique NWASSA service model. Tingo aims to deliver, in a tangible and measurable way, alignment and compliance with the key U.N. SDGs: gender equality through upliftment of female entrepreneurship, financial inclusion, poverty alleviation and zero hunger. Over 60% of rural farming employs women in many countries in Africa. The Company’s key goal is to empower SME women entrepreneurs engaged in the agri-ecosystem to deliver true gender equality and diversity. Tingo’s rural programmes already provide services targeted at this segment of the market. The Company has a measurable approach to deliver this key social impact.
Tingo believes that a truly connected world will help contribute to a better global society. The Company’s core focus areas are telecoms, financial services/fintech and agritech. Tingo’s goal is to provide a best-in-class customer experience, support the domestic economies of its host countries and support technological and ?nancial inclusion to end the poverty premium. Through this, Tingo hopes to deliver attractive returns to shareholders while investing in the long-term future of the Company and its subsidiaries.
About Visa Inc.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device, for everyone, everywhere.?As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit About Visa, visa.com/blog and?@VisaNews.
Corporate Communications
IBN (InvestorBrandNetwork)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
$IWBB: Tingo Raising cash like crazy......... $1Billy already
https://e-cryptonews.com/tingo-offers-agri-fintech-services-in-africa/
GO $IWBB
$IWBB: Massive UPSIDE potential on tap for AFRICA
https://guardian.ng/news/mobile-financial-solution-to-help-africa-unlock-3tr-digital-economy/amp/
GO $IWBB
$IWBB: Mega Investment in Nigerian AG
https://guardian.ng/news/investment-in-agric-tech-hits-n2-5tr-as-firm-discusses-sectors-growth/
GO $IWBB
$IWBB: Follow the CEO here.......... Dozy Mmbousi
https://mobile.twitter.com/dozymmobuosi
This is gonna get uplisted to NYSE or NASDAQ before the END OF THE YEAR.
It should get to $50 by then...
Now a STEAL at $4.50
GO $IWBB
$IWBB: Africa is an UNTAPPED market for Public Listing
Of a Company of this nature.
THis is absolutely the bottom level here.
The Valuation alone is enough INCENTIVE.
This is going MUCHHHHHHHHHHH higher
GO $IWBB
$IWBB: This should be a $50 STOCK
This is insanely undervalued
INSANELY !!!!!!!!!!!!!!!!
Another $TZPC in the making.............remember that MOVE ????
This is a Leading FINTECH app in AFRICA !!!!!!!!!!!!
GO $IWBB
$IWBB: Tingo Mobile is a $3.7BILLY COMPANY !!!!!!!!!!!!!!!!!
And this is only trading at $3.50 right now ????
HOLY CRAP>
BUY EVERY SHARE YOU CAN HERE under $4/sh !!!!!!!!!!!!!!
https://s3.amazonaws.com/b2icontent.irpass.cc/2648/rl103163.pdf
GO $IWBB
$IWBB: Application or Uplisting to NYSE........ Nice !!!!!!!!!!!
WOW
GO $IWBB
$IWBB: Great news with VISA TODAY !!!!!!!!!!!!!
https://tingoinc.com/
NOw at $3.80
GO $IWBB
****************************************************************************************
Tingo Mobile Plc, the core subsidiary of Tingo Inc. (OTC: IWBB), signs a strategic partnership agreement with Visa to further its financial inclusion drive across Africa and beyond
11:00 AM ET 10/27/21 | Dow Jones
Tingo Mobile Plc partners with Visa as its sole card scheme
NEW YORK, Oct. 27, 2021 /PRNewswire/ -- To further deepen its financial services in Nigeria and with ambitious expansions plans across Africa in the coming years, Tingo Mobile Plc (OTC: IWBB) (the "Company") today announces it has entered into an agreement with Visa Inc. (NYSE: V), the world leader in digital payments.
Tingo is a leading Agri-Fintech business in Africa and has delivered significant impact with its unique rural communities-based business model. The Company's goal is to become Africa's leading Agri-Fintech business, delivering significant social impact to many rural communities and providing a unique platform to enable financial inclusion, social upliftment, wealth creation and a sophisticated marketplace to promote its produce to markets both domestic and international. Tingo has over 4,000 women agents that support the rollout of its services in Nigeria alone. The Company remains very active in promoting women entrepreneurs to support gender equality and opportunity to this underserved segment of the market. As of Dec. 31, 2020, Tingo had 9,344,000 subscribers. The Company is confident these figures will grow through its planned expansion across Africa and natural progression of business in Nigeria.
With the strategic partnership, the unique African Agri-Fintech company will be able to drive greater adoption and an increase in financial services offered, especially digital payments, on its platforms. Tingo operates two proprietary platforms: Nwassa, Tingo Mobile's digital agri-marketplace platform that is better connecting African farmers with other players in the agricultural value chain; and Tingo Pay, its in-house payment platform that was recently made available to the general public.
"We are delighted to partner with Visa, the leading company in the global financial services sector. Visa has the mission of connecting the world to secure payment networks and enabling individuals, businesses and economies to thrive, which aligns with Tingo's mission," said Dozy Mmobuosi, Founder and Group Chief Executive Officer of Tingo Inc. (OTC: IWBB), the parent company of Tingo Mobile Plc. "With this agreement, Tingo Mobile will be able to issue Visa cards (both physical and virtual) to users on Nwassa and Tingo Pay."
Mmobuosi also highlighted that Visa will be pivotal to the expansion plan of Tingo Mobile across other African markets and beyond.
In addition to enabling the issuance to and usage of Visa cards for users on Tingo Mobile's platforms, Visa will also be providing technical support toward enabling payments functionalities
Along with Tingo's goal to increase financial inclusion in Africa, a vital aspect of the partnership is centred around financial education. Tingo and Visa will work together to provide knowledge and learning tools to communities, which will increase financial literacy and lead to greater financial and economic independence across the continent.
"Partnerships are fundamental to Visa's business model, and the expansion of our strategic partnership with Tingo Mobile is another example of how collaboration can help our clients deliver improved customer experiences," said Otto Williams, Senior Vice President, Head of Products and Solutions for Visa Central and Eastern Europe, Middle East and Africa. "Whether it is changing the way people invest, manage money, receive loans or send real-time payments to friends and family, Visa is a natural partner for fintech companies, providing them with new ways to reach their customers through Visa's vast network and global scale."
For more information about Tingo Inc., visit www.tingoinc.com.
About Tingo
Tingo Inc. (OTCQB: IWBB) is a digital service agri-fintech technology company focused on foundation-level agriculture and related financial services in Africa. The Company aims to be Africa's leading Agri-Fintech player, transforming rural farming communities to connect through its proprietary platform to meet their complete needs -- from inputs and agronomy to off-take and marketplace -- and deliver sustainable income in an impactful way. The Company's vision is to build complete digitally inclusive ecosystems that promote financial inclusion and deliver disruptive microfinance solutions, empower societies, produce social upliftment in rural communities and open international opportunities.
Global climate change is challenging productivity for sustainable production and food security. Social upliftment is a key area of global interest under the United Nations Sustainable Development Goals (SDGs) and ESG impact investing. The Company's strategy and market execution provide an opportunity for Africa to be a core focal point to solve several key areas, including food security. Tingo does this through its unique NWASSA service model. Tingo aims to deliver, in a tangible and measurable way, alignment and compliance with the key U.N. SDGs: gender equality through upliftment of female entrepreneurship, financial inclusion, poverty alleviation and zero hunger. Over 60% of rural farming employs women in many countries in Africa. The Company's key goal is to empower SME women entrepreneurs engaged in the agri-ecosystem to deliver true gender equality and diversity. Tingo's rural programmes already provide services targeted at this segment of the market. The Company has a measurable approach to deliver this key social impact.
Tingo believes that a truly connected world will help contribute to a better global society. The Company's core focus areas are telecoms, financial services/fintech and agritech. Tingo's goal is to provide a best-in-class customer experience, support the domestic economies of its host countries and support technological and nancial inclusion to end the poverty premium. Through this, Tingo hopes to deliver attractive returns to shareholders while investing in the long-term future of the Company and its subsidiaries.
About Visa Inc.
Visa Inc. (NYSE: V) is the world's leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network -- enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world and is capable of handling more than 65,000 transaction messages a second. The company's relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device, for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit About Visa, visa.com/blog and @VisaNews.
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SOURCE Tingo, Inc.
/CONTACT: Corporate Communications: IBN (InvestorBrandNetwork), Los Angeles, California, www.InvestorBrandNetwork.com, 310.299.1717 Office, Editor@InvestorBrandNetwork.com
/Web site: www.tingoinc.com
> Dow Jones Newswires
October 27, 2021 11:00 ET (15:00 GMT)
Follow up 8k out for submission $IWBB
$IWBB Tingo Inc. Announces Submission of Listing Application to the New York Stock Exchange
Press Release | 10/18/2021
NEW YORK, Oct. 18, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- Tingo Inc, OTC Markets (IWBB) (“Tingo” or the “Company”) announced today that it has submitted an application to list its shares for trading with the New York Stock Exchange (NYSE). The application to the NYSE is part of the Company’s efforts to broaden its appeal to U.S. and international investors.
Following unanimous approval at a meeting of the Tingo Board of Directors on Oct. 18, the Company submitted an application to list its shares on the NYSE. Although there can be no guarantees that its listing application will be accepted, the Company believes that it will satisfy the NYSE’s initial listing criteria.
Tingo is a leading agri-fintech business in Africa and has delivered significant impact with its unique rural communities-based business model. Our goal is to become Africa’s leading agri-fintech business delivering significant social impact to many rural communities, providing a unique platform to enable financial inclusion, social upliftment, wealth creation and a sophisticated marketplace to promote its produce to markets both domestic and international. Tingo has over 4,000 women agents that support the rollout of our services in Nigeria alone. The Company remains very active in promoting women entrepreneurs to support gender equality and opportunity to this underserved segment of the market. As of Dec. 31, 2020, Tingo had 9,344,000 subscribers. The Company is confident that these figures will grow through its planned expansion across Africa and natural progression of business in Nigeria.
The Company believes that an uplisting on the NYSE will provide a platform to enhance the Tingo brand and provide the market with a unique opportunity to invest in an enterprise that will deliver significant social change and impact across Africa. Tingo’s optimal market model goes a long way towards solutions to Food Security – a major challenge in Africa and beyond – through its agri-fintech marketplace powered through use of smartphones known as NWASSA. This strategy of ‘device as a service’ allows millions of people to gain access to multiple social, financial and agri-services the Company intends to roll out over time.
The Company’s goals are aligned with the United Nations Sustainable Development Goals and ESG principles, creating true impact for people across Africa. Tingo is a unique market offering with its fintech solutions which will deliver significant value and is arguably at the top of its competitors having proven a fair but very profitable business model with significant recurring revenues already established.
Dozy Mmobuosi, Tingo CEO, remarked that, “I have dedicated the past 20 years, leading Tingo to become a highly profitable company that focuses on making a genuine impact to people in rural communities. My vision has always been to bring technology and opportunity to our customers through financial inclusion, poverty reduction and food security.
I am delighted to announce our plans to uplist on the NYSE. This is an important step forward for Tingo. The NYSE is the premier exchange in the United States and one that will raise our profile to the broader investment community. The uplist will both increase liquidity in our shares, and ultimately create shareholder value in line with our international peer groups.
I am excited to announce expansion plans and partnerships that will further highlight our commitment to UN SDG’s which will deliver greater returns for our investors.”
Also commenting on the listing application, John J. Brown, Co-Chairman of Tingo stated: “Tingo is a company that is bringing the future into the present in the African marketplace. It is now time for the rest of the investing world to discover this unique company. There is no better place to do this than the New York Stock Exchange.”
Christope Charlier, Co-Chairman of Tingo highlighted: “I am delighted to be part of Tingo and this is a landmark transaction for an African company on international capital markets. I believe this will pave the way for this and other African technology companies to attract global investors and the valuations they deserve.”
About Tingo
Tingo is the leading agri-fintech company operating in Africa, with a marketplace platform that empowers social upliftment through mobile, technology and financial access for rural farming communities. Our unique ‘device as a service’ model allows us to add market leading applications to enable customers to trade, buy top ups, pay bills, access insurance and lending services. With approximately 9 million customers and over 30 million mobile devices sold, Tingo is seeking to expand its operations across select markets in Africa. The Company’s strategic plan is to become the eminent Pan-African agri-fintech business delivering social upliftment and financial inclusion to millions of SME farmers and women-led businesses. Additional information about the Company can be found at www.tingoinc.com.
Safe Harbor and Forward-Looking Statements
This press release contains certain forward-looking statements regarding possible future circumstances. These forward-looking statements are based upon the Company’s current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, any risks and uncertainties with respect to the Company’s operations, as well as those contained in the Company’s quarterly, annual, and periodic filings with the Securities and Exchange Commission. Actual results, events and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material.
Contacts
Corporate and Media Contacts:
Tingo, Inc.
(646) 847-0144
Rory Bowen, Chief of Staff, Tingo Inc.
rory.bowen@tingoinc.com
Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
it's difficult but considering that the "uplift" is more of a checking the boxes kind of legal and net capital operation than it is anything else, see who is behind it and perhaps we will get more clarity. you can read about what are the listing qualifications pretty much anywhere and check for yourself if they're qualified. recent audited statements seem to give them a good shot, pending all boxes proved as checked.
Application to list on NYSE... wouldn't they be something if they got approved. $IWBB
$IWBB Tingo International Holdings, Inc. Announces Partnership with MELD
Press Release | 10/01/2021
LOS ANGELES, Oct. 01, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- Tingo International Holdings (“Tingo”), majority shareholder of Tingo Inc. (OTC: IWBB), a unique agri-fintech company, announces a new partnership with MELD, an open-source, non-custodial liquidity protocol that securely lends and borrows both crypto and fiat currencies. This important partnership between Tingo International Holdings and Meld is designed to deliver a highly efficient DeFi lending and borrowing protocol to customers in Africa.
MELD’s focus is on operating a non-custodial and capital-efficient protocol that offers highly sophisticated financial services for any size of transaction. Tingo and MELD are looking to explore DeFi solutions such as decentralized low interest loans and opportunities to complement Nigeria’s digital currency, the eNaira. The partnership’s primary goal is to invite the $2 trillion-dollar crypto economy to invest in African farmers, and thereby support efforts to increase global food security to meet UN Sustainable Development Goals (SDGs) and provide greater opportunity for all.
Tingo and MELD believe it is essential for everyone, not just centralized institutions, governments or the 1%, to gain control of their financial lives and have equal access to financial instruments used by professionals. Tingo and Meld seek to provide financial freedom and bring individualized control to the masses, including the unbanked.
Global climate change is challenging the world’s productivity for sustainable production and, subsequently, food security. Social upliftment is a key area of global interest under the United Nations’ SDGs and Environmental, Social and Corporate Governance (ESG) impact investing. Tingo’s strategy and market execution provides an opportunity for Africa to be a core focal point to solve several key areas including food security. Tingo aims to deliver, in a tangible and measurable way, alignment and compliance with the UN’s key SDGs – gender equality through upliftment of female entrepreneurship, financial inclusion, poverty alleviation and zero hunger.
Tingo is a leading Africa-focused, agri-fintech company with nearly 10 million subscribers. Tingo believes that a high-efficiency, DeFi protocol like MELD can provide a great deal of value to Tingo customers, even with many transactions below USD$100. These services can offer existing customers more economic and financial flexibility and attract new users to the Tingo ecosystem.
Chris Cleverly, President of Tingo, said, “It is vitally important, as Africa’s largest agri-fintech company directed at providing services for the agricultural community and working to ensure food security across the continent, that we work with technologies such as MELD and CARDANO that are looking to shift the present paradigm in favor of banking for all and inclusive finance. DeFi, stable tokens and NFTs will emancipate Africa as an economic powerhouse – we will work with regulators to ensure this is done safely and securely. Change is inevitable and Nigeria is leading this change.”
About Tingo
Tingo is an agri-fintech company offering a comprehensive platform service using smartphones (using GSM technology) to deliver a marketplace which enables nearly 10 million subscribers, within and outside of the agricultural sector, to manage their commercial activities of growing and selling their products to market participants both domestically and internationally. The ecosystem provides a one-stop-shop solution to enable such subscribers to manage everything from airtime top-ups, bill pay services for utilities and other service providers, access to insurance services, and microfinance to support their value chain from seed to sale.
Tingo aims to be Africa’s leading agri-fintech player that transforms rural farming communities to connect through our proprietary platform to meet their complete needs from inputs, agronomy, off-take and marketplace, delivering sustainable income in an impactful way.
Through our innovative platform Nwassa, Africa’s first digital agriculture ecosystem, Tingo empowers rural businesses to access markets. Farm produce can be shipped from farms across Africa to any part of the world, in both retail and wholesale quantities. Tingo operates Tingo Pay, a mobile payment gateway. It is the intention of Tingo to support a continent-wide SuperApp.
Tingo International holdings is a majority shareholder in Tingo Inc (OTC Markets: IWBB), which owns 100% of Tingo Mobile PLC in Nigeria. The company has recently agreed to acquire Coinfield, a leading European crypto exchange that operates in 198 countries. Tingo intends to launch a gold stable token, along with MELD, to reduce interest rates, volatility, and cross-border costs in Africa. For more information, visit the company’s website at www.TingoGroup.com.
About MELD
MELD is an open-source, non-custodial liquidity protocol for borrowing fiat (USD and EUR) and earning yield on deposits. The MELD token can be staked and is used for voting on the governance of the protocol. MELD offers significant capital efficiency gains in lending and borrowing compared to both centralized blockchain solutions and traditional Fintech. Running on a 3rd generation blockchain, transactions are inexpensive and high-speed while being secured with more than $50 billion in ADA on the Cardano blockchain. MELD is the first decentralized protocol that brings fiat loan capabilities to crypto. Move between crypto and fiat positions with ease, take out loans and retain full control of your digital assets.
The Partnership
Bringing flexible and low-cost DeFi lending and borrowing will unlock a great deal of value to users including earning yield on latent capital, gaining access to fiat while maintaining a crypto position, and sending and receiving funds with very low transaction costs.
The purpose of this partnership is to build value-added financial services across Africa that are safe, easy, and transparent. The MELD application will be integrated into Tingo’s ecosystem for customers and focused on use cases for Africa. Tingo will work with MELD and our mobile OEM to preload our SuperApp on Tingo devices. The collaboration will build a servicing offering that will help Tingo customers gain economic freedom and flexibility in their day-to-day financial transactions.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should carefully review various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
Corporate Communications
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
bidding makes sense - its a huge bushes, audited - making some phone calls to see if there's more to be learned.
Only 15 posts to date. Like a new born baby to ihub.
Also like that they are QB and submitting proper filings.
Just liking that a few eyes r noticing and hoping a gem stone is uncovered by those that are better at doing research than I.
What are you liking about it?
We traded 2 shares today with a 50% spread!!
Liking this one.
super 8k filed, REG-D also filed.
coming along as expected.
$IWBB: 4.2Milly Floater
Now at $3
www.tingogroup.com
GO $IWBB
it just got a lot more interesting.
https://finance.yahoo.com/news/iwebb-inc-acquire-tingo-mobile-213000524.html
IWeb Inc. Share Structure-
Market Cap Market Cap
80,612,422
02/19/2021
Authorized Shares
75,000,000
02/05/2021
Outstanding Shares
40,306,211
02/05/2021
Restricted
36,111,210
02/05/2021
Unrestricted
4,195,001
02/05/2021
Float
4,195,001
05/07/2020
IWBB- Through our ownership of Enigma Technology International Corporation, the Company has contractual rights to control and operate the businesses of Digiwork (Thailand) Co., Ltd. and OBON Corporation Company Limited in Thailand. We are a technology development and services provider specializing in information and identification coding services in various industries and markets as well as wifi network system installation and services.
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