Tingo (OTCQB: IWBB) has focused on creating a unique business model that seeks to build out the company as one of Africa’s leading agri-fintech providers while simultaneously contributing to bettering the lives of millions within Africa’s rural communities. The company has adopted five core sustainable development goals as its corporate mission, namely ensuring food security, driving poverty alleviation, promoting digital financial inclusion, encouraging job creation, and supporting female entrepreneurship and empowerment. Tingo has introduced new and impactful agri-based farming solutions in a bid to address food security and alleviate poverty levels by creating jobs and uplifting incomes. “The company has sought to provide its users with a range of innovative financial products, alongside an agri-trading platform and credit solutions, designed to help farmers market their harvests in a more efficient manner and borrow funds at market rates,” explains a recent article. “Tingo has looked to encourage female entrepreneurship within Africa’s rural communities through the introduction of training schemes designed to encourage women to operate both farming and collection businesses. The success of the scheme is best illustrated through Tingo’s burgeoning agent network, which currently consists of approximately 15,000 members – the overwhelming majority of whom are women.”
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About Tingo Inc.
Tingo is a unique next-generation agri-fintech company offering, through Tingo Mobile in Nigeria, its wholly-owned subsidiary, Tingo’s device-as-a-service (“DaaS”)model that provides customers with personal communications services (“PCS”) using GSM technology for subscribers designed to meet the needs of individual consumers and businesses. Tingo Mobile has developed a comprehensive agri-fintech and agri-marketplace ecosystem to support almost 10 million customers within and outside the agricultural sector, becoming a leading provider in Africa of such services over the long term. Services offered include DaaS (smartphone leasing), agri-marketplace, airtime top ups, utilities payments, bill pay, access to insurance and lending services, collectively known as “NWASSA” and TingoPay, a comprehensive mobile wallet to support financial inclusion and deliver significant social impact in the agriculture sector supporting rural communities in line with UN SDG and ESG principles. For more information about the company, visit www.TingoInc.com.
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