- Business
- Cuentas Inc. (OTC: CUEN) operates as a financial technology company that provides mobile banking, prepaid debit cards, digital content services, and telecommunication solutions to unbanked, underbanked, and underserved communities primarily in the United States and internationally. The company offers general purpose reloadable (GPR) cards with digital wallet features, rewards programs, and discounts at major retailers; mobile financial services including online and e-banking; prepaid voice, text, data, and long-distance telephony; wholesale and retail telecommunication services; installation of WiFi6 shared network systems in the New York metropolitan tristate area; and digital content delivery through its proprietary e-commerce platform. Cuentas segments its operations into Telecommunications, Wholesale Telecommunication services, and Digital Products/GPR Cards, targeting Hispanic and other underserved demographics with integrated fintech and telecom offerings.
Founded in 2005 by Arik Maimon and Michael A. de Prado, Cuentas maintains its headquarters at 235 Lincoln Road, Suite 210, Miami Beach, Florida. The company leverages a robust distribution network across approximately 30,000 US retail locations, such as bodegas, to expand access to its services.
In recent developments, Cuentas formed a 51%-owned joint venture, World Mobile LLC, with World Mobile Group Ltd. on April 21, 2025, to deliver cost-effective global roaming, eSIM/SIM connectivity, and financial services at significantly reduced rates via decentralized networks. Additionally, the company entered a strategic agreement with Sekur Private Data to integrate secure Swiss-hosted solutions into Cuentas Mobile services, supported by over $5 million in capital contributions, while acquiring M&M Telecom to enhance telecom and fintech profitability through marketing, sales, and customer care improvements. Cuentas also settled outstanding judgments and debts in May 2025 and reported an 898% year-over-year sales increase to $639,000 in its Q1 2024 results, alongside a 19.99% acquisition in Cuentas-SDI in 2022 for $750,000 to bolster its platform integrating mobile telecom with core financial services.