Tingo (OTCQB: IWBB), an agri-fintech company focused on foundation-level services in Africa, has sought to build a digitally inclusive ecosystem that promotes financial inclusion and delivers disruptive micro-finance solutions, empowers societies and produces social upliftment in rural communities. In Nigeria, farming accounts for over 20% of the country’s economy, yet most of the nation’s farmers live well below the poverty line due to the mechanics of the regional agricultural economy. A recent article reads, “Tingo has centered their business model around four core business pillars, namely — mobile phone leasing, mobile voice and data services, the Nwassa Marketplace Platform, and Tingo Pay. In effect, the vertically integrated business model enables Nigeria and the wider African continent’s farmers to procure a Tingo-manufactured handset using Tingo’s mobile data and voice services. Farmers can then access the Nwassa Platform, Tingo’s proprietary agritech marketplace that provides the continent’s farmers with access to domestic and global markets to secure more competitive pricing for their crops… Tingo has aimed to provide an opportunity for Africa to be a core focal point to solve several key areas of concern, including food security, gender equality, financial inclusion and poverty alleviation, to name but a few.”
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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. Its 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 million customers and over 30 million mobile devices sold, 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. Additional information about the company can be found at www.TingoInc.com.
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