Tingo (OTC: TMNA), over the past 20 years, has committed to developing solutions that support the long-term aspirations of rural farming communities across Africa. The company has made it its mission to change the way rural business is conducted in Africa, in the process helping millions of people across the continent improve their quality of life, income and prospects. Tingo’s business model is underpinned by four key pillars: Device-as-a-Service, Tingo Mobile Network, TingoPay, and Nwassa (a digital agricultural marketplace). “Through the combination of the four pillars, Tingo has sought to bundle a complete, digitally inclusive ecosystem, which promotes financial inclusion, delivers disruptive micro-finance solutions, produces social upliftment in rural communities, and unveils domestic and international opportunities to Africa’s rural farmers,” a recent article reads. The Nwassa platform generated $120.7 million in income as of the first nine months of 2021 and is projected to have processed up to $4 billion in transactions by year end, generating upwards of $160 million earnings. “Driven by an unrelenting mission to uplift rural communities and support growth in developing economies, Tingo Inc. has shown that it is indeed possible to achieve the most sought-after maxim in impact investing today — making returns whilst doing good.”
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About Tingo International Holdings
Tingo is a unique agri-fintech company using smartphones to deliver a marketplace that enables 10 million subscribers to manage their commercial activities of growing and selling their products to market participants. The ecosystem provides a one-stop-shop solution to enable subscribers to manage everything from airtime top-ups, bill pay services for utilities and other service providers to access to insurance services and microfinance to support their value chain from seed to sale. Tingo has two innovative platforms: Nwassa, Africa’s first digital agriculture ecosystem, and Tingo Pay, a mobile payment gateway. Tingo International Holdings is a majority shareholder in Tingo Inc., which owns 100% of Tingo Mobile PLC in Nigeria. For more information, visit the company’s website at www.TingoInc.com.
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