Tingo (OTC: IWBB), a leading agri-fintech business in Africa, has announced that, after unanimous approval at its Oct. 18, 2021, board meeting, the company has applied to list its shares for trading with the New York Stock Exchange (“NYSE”). The application is part of the company’s strategic plan to become more available to U.S. and international investors. The company, which is committed to making a positive impact through its unique communities-based business model, has met all required listing criteria. Listing on the NYSE should enhance the company’s brand and strengthen the company’s ability to offer a unique investing opportunity that allows investors to be involved in making a social change across Africa. The company’s market model is designed to offer solutions to food security through its agri-fintech marketplace that operates through a smartphone system that provides access to potential social, financial and agri-services. “I have dedicated the past 20 years, leading Tingo to become a highly profitable company that focuses on making a genuine impact to people in rural communities,” said Tingo CEO Dozy Mmobuosi in the press release. “My vision has always been to bring technology and opportunity to our customers through financial inclusion, poverty reduction and food security. I am delighted to announce our plans to uplist on the NYSE. This is an important step forward for Tingo. The NYSE is the premier exchange in the United States and one that will raise our profile to the broader investment community. The uplist will both increase liquidity in our shares, and ultimately create shareholder value in line with our international peer groups. I am excited to announce expansion plans and partnerships that will further highlight our commitment to UN SDG’s which will deliver greater returns for our investors.”
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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. The company’s unique device as a service model allows it to add market-leading applications to enable customers to trade, buy top ups, pay bills, and access insurance and lending services. With approximately 9 million customers and more than 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. For more information, visit the company’s website at www.TingoGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to IWBB are available in the company’s newsroom at https://ccw.fm/IWBB
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