Tingo Group, Inc.
NASDAQ Capital MarketCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- CEO
- Kenneth Ian Denos
- Full Time Employees
- 797
- Sector
- Technology
- Industry
- Computer Hardware
- Address
- 28 West Grand Avenue Montvale NJ United States of America 07645
- IPO Date
- Oct 17, 2012
- CIK
- 0000854800
- Website
- tingogroup.com
- Similar Companies
- Business
- Tingo Group, Inc. (NASDAQ: TIO) operates as a fintech and agri-fintech holding company focused on financial inclusion for rural farming communities in Africa, Southeast Asia, and the Middle East; it provides smartphone-based platform services including device-as-a-service with pre-loaded applications, the Nwassa digital agriculture ecosystem connecting farmers to markets, services, and resources for seed-to-sale activities, an online automobile insurance after-market platform offering repair connections, membership services such as gas recharges, shopping, claims settlements, roadside assistance, and loyalty points; TingoPay, a B2C/B2B super-app in partnership with Visa delivering payments, e-wallets, foreign exchange, and merchant services; Tingo Foods, processing raw foods into products like rice, pasta, and noodles; Tingo DMCC, a Dubai-based commodities trading and agricultural export platform; and Magpie Invest, a proprietary online stock trading platform with margin financing, agri-marketplace, airtime top-ups, utility payments, bill-pay, lending, and insurance. The company, founded in 2001 and headquartered in Montvale, New Jersey, conducts operations through segments including Verticals and Technology, Online Stock Trading, and Comprehensive Platform Services, primarily in Nigeria, China with approximately 130 insurance branches, Ghana, and other emerging markets; it previously emphasized mobile phone assembly in Nigeria before shifting production to China in 2018. In February 2023, the company, formerly MICT, Inc., completed a merger with Tingo Inc.'s operating business and rebranded to Tingo Group, Inc., enhancing its access to U.S. capital markets; it announced operations commencement in Ghana in November 2022 and a trade partnership with the All Farmers Association of Nigeria; however, it faced significant challenges including a 2023 Hindenburg Research report alleging fraud, SEC charges in December 2023 against founder Dozy Mmobuosi and related entities for fabricated financials, a U.S. district court default judgment in September 2024 imposing a $250 million fine, Nasdaq trading halt, and reported cessation of activities by December 2024 with its website up for sale.
ROSEN, TRUSTED AND TIO RANKED INVESTOR COUNSEL, Encourages Freeport-McMoRan Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - FCX
Tingo Group, Inc. to File Form 25 to Voluntarily Delist its Common Stock from the Nasdaq Stock Market
Tingo Group Receives Nasdaq Notification Relating to its Recently Filed Financial Statements Non-Reliance Disclosure
What really happened to Dozy Mmobuosi Tingo Group stock?
Tingo Group Announces Interim Co-CEO to Temporarily Step Down by Mutual Agreement
Tingo Group's Commitment to Corporate Social Responsibility and Sustainability Recognized with SERAS Africa CSR / Sustainability Awards Nominations
Tingo Group Receives Nasdaq Request for Information Following Expiry of Securities & Exchange Commission's Temporary Suspension of Trading in the Company's Securities
Tingo Group, Inc. (TIO) Q3 2023 Earnings Call Transcript
Tingo Group, Inc. Reports Third Quarter 2023 Financial Results
All Farmers Association of Nigeria (AFAN) Exclusively Adopts Tingo Mobile's Nwassa Marketplace Platform for its Members
Tingo Group to Host Third Quarter 2023 Results Conference Call on Tuesday November 14, 2023 at 8:00 a.m. Eastern Time
Tingo Group Signs Agreement with Governmental Body in Pakistan for Implementation and Rollout of Tingo's Businesses Throughout the Country
Tingo Group Opens New Headquarters for Africa to Facilitate Acceleration of Expansion Plans and Growth
Tingo Group Extends Redemption Period of Series B Preferred Stock to December 31, 2023
Tingo Group Launches Next Generation of TingoPay Super App
Tingo Group Issues Response to Short-Seller's Statement of September 5, 2023
Tingo Group Issues Response Into Further Allegations Made Against the Company by Short-Seller
Tingo Group, Inc. Reports Second Quarter 2023 Financial Results
Tingo Group to Host Second Quarter 2023 Results Conference Call on Thursday August 31, 2023 at 8:00 a.m. Eastern Time
Tingo Group Announces Completion of Investigation Into Allegations Made Against the Company in Short-Seller Report and Issues its Response