Affluence Corporation
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Patrick C. Shutt
- Full Time Employees
- 25
- Sector
- Technology
- Industry
- Software - Infrastructure
- Address
- Dolan Plaza Bethel CT United States of America 06801
- IPO Date
- Oct 5, 2011
- Website
- affucorp.com
- Similar Companies
- Business
- Affluence Corporation (AFFU) is a holding company that acquires and integrates technology firms delivering edge computing, artificial intelligence, Internet of Things (IoT) infrastructure, 5G solutions and smart city software platforms for communications, industrial automation, urban infrastructure and digital transformation markets worldwide; core offerings include the OneMindNG intelligent IoT solution builder from subsidiary OneMind Technologies SL, which integrates data sources for real-time operational insights in smart cities and industries, alongside Mingothings International's consulting, integration and digital ecosystem services for IoT, smart cities and resilient infrastructures; additional capabilities encompass AI-enabled software, robotics, machine learning, sensor networks, predictive analytics, digital twins and engineering/design services for telecom construction and smart city applications. Founded in 2008 and headquartered in Chicago, Illinois, with significant operations in Europe, Asia, Central Africa and a recent Asia Pacific headquarters established in Singapore, the company shifted in 2019 from a social networking platform for high-net-worth individuals to its current acquisition-driven model targeting mid-market synergistic businesses. Recent developments include the May 2025 acquisition of Mingothings International (MTi), expected to generate approximately $43 million in annual revenue and over $1 million in operating income by fiscal year-end March 31, 2026 through expanded IoT, AI and edge solutions in telco and government sectors; a signed letter of intent to acquire Universal Call Limited for telco and enterprise IoT expansion; over €6.4 million in H1 2025 contracts across smart cities, industrial IoT and security infrastructure, with €3 million more secured by subsidiary MTi in June 2025; completion of the Medini Smart City Management Platform in Iskandar, Malaysia; renewed acquisition strategy under President Oscar Brito targeting 70% growth from deals and positioning for national exchange uplisting; a €2.95 million billed portion from early 2025 European, Asian and African projects; new board members appointed; and a 2024 $22 million funding round via common shares.
Affluence Corporation Subsidiary MTi Joins MICE-Net Project to Revolutionize Event Technology
Affluence Subsidiary Diprotech, Part of MTi Group, Selected by Navantia to Equip Crane Systems with IoT Sensors in New Digitalization Contract
Affluence Corporation Subsidiary MTi and Aerodyne Group Form Strategic Partnership
Affluence Corporation Issues Shareholder Letter Highlighting Post-Merger Financial Performance, Restructuring Progress, and Uplisting Strategy
Affluence Corporation Strengthens Acquisition Strategy to Drive Scalable Growth
Affluence Corporation Issues Shareholder Letter Highlighting Strategic Growth, U.S. Expansion and Financial Reset
Affluence Corporation Reports Over €6.4 Million in Signed Contracts for H1 2025, Confirms Positive Momentum and Strategic Focus on U.S. Expansion
Affluence Corporation Subsidiary MTi Secures Over €3 Million in New Contracts Across Europe, Asia, and Central Africa
Affluence Corporation Appoints Oscar Brito as President
Affluence Corporation Completes Acquisition of Mingothings SLU
Affluence Corporation Signs Definitive Agreement to Acquire Mingothings SL
Affluence Corporation Subsidiary OneMind Technologies and Mingothings Arabia to Showcase Smart City Innovations at LEAP 2025
Affluence Corporation to Acquire Mingothings SLU
Affluence Corporation Announces New Board Members
Affluence Corporation Subsidiary OneMind Technologies SL and Mingothings SLU Sign MoU to Drive Innovation in Smart City and IoT Solutions
Affluence Corporation Update and Unwind Agreement Finalized
Affluence Corporation and Durham Black to Unwind Merger
Durham Black Inc (OTC PINK:AFFU) Announces the Appointment of Chief Financial Officer
Affluence Corporation Announces Intent to Acquire Multiple IoT Technology and Integration Services Companies
Affluence Corporation Announces Intent to Acquire Durham Black LLC and Appoint Leadership Team to Key Executive Roles