Tingo (OTCQB: IWBB) is a digital services agro-fintech technology company that focuses on basic agriculture and related financial services in Africa. âThe company aims to be the leading player in agri-fintech in Africa, transforming rural farming communities to connect through its proprietary platform to meet their comprehensive needs – from inputs and agronomy at harvest and at the market – and generate sustainable income in an impactful way. The company’s vision is to create comprehensive inclusive digital ecosystems that foster financial inclusion and deliver disruptive microfinance solutions, empower societies, produce social uplift in rural communities and unlock international opportunities, âreads -on in a recent article. âTingo believes that a truly connected world will contribute to a better global society. The main areas of intervention of the company are telecommunications, financial services / fintech and agritech. Tingo’s goal is to provide a best-in-class customer experience, to support the national economies of its host countries and to support technological and ï¬ nancial inclusion to end the poverty premium. With this, Tingo hopes to deliver attractive returns to shareholders while investing in the long-term future of the company and its subsidiaries.
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On Tingo inc.
Tingo has four main business drivers: Mobile phone rental: Tingo has distributed nearly 30 million mobile phones since 2014 and will continue to replace the devices of its installed customer base every three years. Mobile voice and data service: via a mobile virtual network, Tingo provides its customers with voice and data services. Nwassa Platform: Tingo’s proprietary AgriTech platform, Nwassa, supports Nigeria’s agricultural value chain with market access. Tingo processes 500,000 daily transactions valued at over $ 8 million, giving its established clientele access to agricultural markets for their crops. Farmers and cooperatives are also supported with packaging, warehousing and freight logistics. Tingo provides digital wallet services to its clients, which enables them to send and receive national payments, monitor cash flow in real time, and hold money securely. Tingo provides access to other third-party services such as utility bill payment, virtual airtime recharging, insurance services and alternative lending solutions. Tingo Pay: Since the launch of the Nwassa platform, Tingo has been a dominant player in the B2B fintech vertical. Tingo has entered the B2C fintech vertical to expand its B2B game to mass market use cases beyond agriculture. For more information about the company, visit www.TingoGroup.com.
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