Tingo, Inc.
IWBB
Other OTC6.00
USD
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Tingo, Inc.
IWBB
(Other OTC)
Recent
price
6.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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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.- Similar Companies
- Business
- Tingo Inc. (OTCQB: IWBB) operates as a digital services agri-fintech company focused on empowering rural farming communities in Africa through proprietary platforms that facilitate agriculture, financial inclusion, payments, and related services; its core offerings include the Nwassa digital agri-marketplace platform connecting farmers to inputs, agronomy, off-take, and domestic and international markets for produce such as grains, corn, yam, beans, and cassava; TingoPay, a B2C and B2B super-app providing payment services, e-wallets, foreign exchange, merchant acquiring via TingoPOS, bill payments for utilities and cable, airtime top-ups, mobile insurance, brokerage on loans, and Visa prepaid cards (physical and virtual); educational management portals; and additional fintech solutions like alternative lending and VoIP communications. Founded in 2001 in Nigeria by Dozy Mmobuosi through Fair Deal Concepts Limited (now Tingo Mobile Plc, its core operating subsidiary), the company is headquartered in Montvale, New Jersey, with primary operations in Nigeria and ambitions to expand pan-Africa and globally, targeting over 10 million customers primarily SME women entrepreneurs in the agri-ecosystem to support U.N. Sustainable Development Goals including poverty alleviation, zero hunger, and gender equality. Recent developments include a strategic partnership with Visa announced in late 2021 enabling issuance of Visa cards on Nwassa and TingoPay platforms to drive digital payments adoption; completion of initial export deals through Tingo DMCC generating $348 million in sales as of May 2023 via alliances with Prime Commodity Exchange Limited and All Farmers Association of Nigeria for nationwide warehouse networks; a 2023 merger history involving predecessor entities leading to its current structure; and an ongoing application submitted to list on the New York Stock Exchange as part of globalization efforts, alongside launches of enhanced TingoPay features like retailer vouchers and exam payments.
Tingo: Hindenburg's Track Record Is Not Perfect, Upside Potential In TIO
Tingo Group Regains Compliance with Nasdaq Minimum Bid Price Rule
Tingo Group, Inc. Provides Corporate Update to Stockholders
Fintech and Agri-Fintech Company, Tingo Group, Inc., Reports Full Year 2022 Financial Results
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