InvestorWire NewsRoom

InvestorNewsBreak

InvestorNewsBreaks – Tingo Inc. (TMNA) Engages Financial Advisor, Releases Annual Report
April 1, 2022

InvestorNewsBreaks – Tingo Inc. (TMNA) Engages Financial Advisor, Releases Annual Report

Tingo (OTC: TMNA), a leading agri-fintech business in Africa, is reporting its audited financial results for the year ended Dec. 31, 2021; the report included proforma financial results for Tingo Mobile because of the acquisition of the company, which is Tingo’s principal operating subsidiary. According to the announcement, TMNA reported 2021 revenues and operating income on a proforma basis for Tingo Mobile of $865.9 million and $327.1 million respectively. The report also showed upward growth of 48% in year-on-year revenues and 63% growth in year-on-year operating income. The report also indicated that Tingo’s NWASSA, its ESG-empowering agri-fintech marketplace platform, also saw substantial growth of an estimated 101%, from $98.6 million in 2020 to $198.6 million in 2021. The company observed that NWASSA is a group of several fintech solutions, including Tingo’s exclusive agri-fintech platform along with airtime top-ups, mobile insurance, utility payments and brokerage on loans. “We are pleased to report strong operating performance for the year 2021 and the continued growth of our agri-fintech business,” said Tingo CEO Dozy Mmobuosi in the press release. “With our recently announced financial technology partnership with Visa, we expect to expand our Agri-Fintech services to generate more commercial opportunities for our existing customers, as well as incentivize more rural farmers and communities to become subscribers and utilize our financial technology platform. We also look forward to working with Lazard to advise the Company on its future strategy.”

To view the full press release, visit https://ibn.fm/nCyxe

About Tingo Inc.

Tingo is the leading agri-fintech company operating in Africa, with a marketplace platform that empowers social upliftment through mobile, technology and financial access for rural farming communities. Tingo’s unique device-as-a-service model allows the company to add market leading applications to enable customers to trade, buy top ups, pay bills, access insurance and lending services. With approximately 9.3 million existing customers, Tingo is seeking to expand its operations across select markets in Africa. The company’s strategic plan is to become the eminent Pan-African agri-fintech business, delivering social upliftment and financial inclusion to millions of SME farmers and women-led businesses. For more information, visit the company’s website at www.TingoGroup.com.

NOTE TO INVESTORS: The latest news and updates relating to TMNA are available in the company’s newsroom at https://ibn.fm/TMNA

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.investorwire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
[email protected]

InvestorWire is part of the InvestorBrandNetwork.

Recent NewsBreaks

NewsBreaks Categories

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).