Tingo Inc. TMNA Archives - Page 2 of 3

FridayOct 07, 2022 11:34 am

QualityStocksNewsBreaks – Tingo Inc. (TMNA), MICT Inc. (NASDAQ: MICT) Enter Merger Agreement for Acquisition

Tingo (OTC: TMNA), a leading agri-fintech business in Africa, and MICT Inc. (NASDAQ: MICT), have signed a merger agreement outlining plans for MICT to acquire 100% of the operating business and assets of Tingo. According to the announcement, the new merger with the accompanying MICT funding should expedite the launch of Tingo’s food-produce export business; existing high-margin and material export contracts will allow a substantial portion of Tingo’s revenues to shift directly into U.S. dollars. In an amendment, the two companies accelerated and restated the original agreement and merger plan. The transaction will also support the acceleration of the development and…

TuesdayAug 23, 2022 11:01 am

QualityStocksNewsBreaks – Tingo Inc. (TMNA) Releases Strong Q2 2022 Results

Tingo (OTC: TMNA) today announced that it has filed its quarterly report on Form 10-Q, wherein the company reported its financial results for the three and six months ended June 30, 2022. Among the highlights, the company announced net revenues totaling $268.7 million for Q2 2022 vs. $100.7 million for Q2 2021, an increase of 166.8%. In addition, Tingo’s Q2 2022 gross profit amounted to $164.2 million, an increase of 208.6% versus Q2 2021 gross profit of $53.2 million. “We are again pleased to announce a strong operating performance for the second quarter of 2022, building on a strong first…

TuesdayJul 26, 2022 3:09 pm

QualityStocksNewsBreaks – Tingo Inc. (TMNA), MICT Inc. (NASDAQ: MICT) File Form S-4 Merger Registration and Joint Proxy Statement

Tingo (OTC: TMNA) and MICT (NASDAQ: MICT) today announced that they have filed a registration and joint proxy statement with the Securities and Exchange Commission (“SEC”) in connection with their anticipated merger. According to the update, the merger is expected to create a >$1.0 billion annualized revenue and highly profitable fintech and agri-fintech company serving the African and Asian markets with a global expansion strategy. The SEC will now review the submission and, following its review and the registration statement being declared effective, shareholders of each company will have the ability to approve the merger. Upon approval of stockholders and…

MondayJun 06, 2022 1:38 pm

QualityStocksNewsBreaks – Tingo Inc. (TMNA) Reports on Annual Shareholder Meeting Results

Tingo (OTC: TMNA), a leading agri-fintech business in Africa, held its Annual Meeting of Stockholders last week. The meeting, which convened on June 2, 2022, had three agenda items, including the election of director nominees. The report noted that shareholders elected 10 director nominees for one-year terms. The nominees include Adewale Adebayo, John J. Brown, Christophe Francois Charlier, Christopher Cleverly, Gurjinder Johal, Leslie Kasumba, Dozy Mmobuosi, Onyekachi Onubogu, Dakshesh Patel and Derrick Randall. In addition, shareholders unanimously ratified the appointment of Gries & Associates LLC as Tingo’s independent accountants for the 2022 fiscal year and approved the compensation paid to the…

MondayMay 16, 2022 2:52 pm

QualityStocksNewsBreaks – Tingo Inc. (TMNA) Announces Q1 2022 Financial Results

Tingo (OTC: TMNA), the leading agri-fintech company operating in Africa, has filed its quarterly report on Form 10-Q, wherein the company reported its financial results for the three months ended March 31, 2022. Among the highlights, Tingo reported $257.1 million and $65.5 million in consolidated revenue and operating income, respectively, during the first quarter of 2022. In addition, the company announced a 19.2% quarter-on-quarter growth in gross profit to $153.2 million, up from $128.5 million for Q4 2021. “We are very pleased to report strong operating performance for the first quarter of 2022 and the continued growth of our agri-fintech…

TuesdayMay 10, 2022 2:47 pm

QualityStocksNewsBreaks – Tingo Inc. (TMNA), MICT Inc. (NASDAQ: MICT) Enter Definitive Merger Agreement

Tingo (OTC: TMNA), the leading agri-fintech company operating in Africa, and MICT (NASDAQ: MICT), a financial technology business principally focused on the growth and development of a suite of consumer fintech services, today announced the execution of a definitive agreement to merge and consolidate their operations. Under the merger, Tingo and MICT will create an over $900 million annual revenue and highly profitable Nasdaq-listed fintech and agri-fintech company serving the African and Asian markets with a global expansion strategy. “We are truly excited to continue our journey as a Nasdaq-listed public company through this synergistic combination with MICT,” said Dozy…

FridayApr 29, 2022 9:30 am

Tingo Inc. (TMNA) Pioneers an ESG Approach Within the African Continent

Women in Africa have often suffered from severe gender disparity; over a third of Africa’s female rural population have never accessed formal education with less than 24% having access to the Internet via a mobile device Tingo, Inc’s agri-marketplace platform, Nwassa, as well as its TingoPay payments system have sought to provide the company’s millions of stakeholders with the ability the means to achieve digital financial inclusion Tingo, Inc. has long professed social ambitions alongside their commercial agenda; the company has recently launched a ₦2.5bn fund to promote and support female farmers amongst its various other social initiatives ESG investing…

WednesdayApr 27, 2022 2:07 pm

QualityStocksNewsBreaks – Tingo Inc. (TMNA) Driven to Provide Technology Solutions, Positive Social Impact

Tingo (OTC: TMNA) founder and CEO Dozy Mmobuosi has spearheaded the company’s growth from an upstart selling ringtones to mobile phone networks into a robust agri-fintech ecosystem, a cellular network catering to rural locations, a leading mobile payment application (TingoPay), a digital agri-marketplace branded Nwassa, and nearly 10 million users in Nigeria that undergird annual revenue of $860+ million. “The company is driven to provide technology solutions for rural farmers in Nigeria to allow them to compete and prosper in wider markets rather than be confined to local sales.…. Tingo is focused on providing rural farmers affordable mobile phones and…

WednesdayApr 20, 2022 9:15 am

Tingo Inc. (TMNA) Paving the Road to Better Future for African Farmers, and Doing it with Social Consciousness

Tingo has built its business from a little start-up selling ring tones into an agri-fintech giant by bringing technology to uplift the underserved rural farming market in Nigeria The company has multiple partnerships in motion designed to provide financial inclusion and opportunities for small-to-medium size enterprises that fall under the UN guidelines for Sustainable Development With annual revenue more than $850 million currently, Tingo is seeking to expand across Africa and move to the NYSE “We rise by lifting others up,” said Dozy Mmobuosi, Founder and CEO of Tingo (OTC: TMNA) in a recent interview with Forbes Africa, a demonstration…

FridayApr 01, 2022 1:36 pm

QualityStocksNewsBreaks – 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…

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