Tingo Inc.

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Tingo Inc. (OTC: TMNA) is a digital service agri-fintech technology company focused on foundation-level agriculture and related financial services in Africa. The company aims to be Africa’s leading agri-fintech player, transforming rural farming communities to connect through its proprietary platform to meet their complete needs – from inputs and agronomy to off take and marketplace – and deliver sustainable income in an impactful way. The company’s vision is to build complete digitally inclusive ecosystems that promote financial inclusion and deliver disruptive micro-finance solutions, empower societies, produce social upliftment in rural communities and open international opportunities.

Tingo believes that a truly connected world will help contribute to a better global society. The company’s core focus areas are telecoms, financial services/fintech and agritech. Tingo’s goal is to provide a best-in-class customer experience, support the domestic economies of its host countries and support technological and financial inclusion to end the poverty premium. Through this, Tingo hopes to deliver attractive returns to shareholders while investing in the long-term future of the company and its subsidiaries.

Global climate change is challenging sustainable production and food security. Tingo’s strategy and market execution provide an opportunity for Africa to be a core focal point to solve a number of key areas of concern, including food security, gender equality, financial inclusion and poverty alleviation, to name a few. Disruption of micro finance through the use of DeFi-based stable coins and smart contracts will give agri-communities access to capital markets-driven digital finance solutions that make them more competitive and sustainable economically, striking a good balance of returns between digital asset providers and Tingo as the service partner. This innovation will deliver significant access to much needed finance at ‘Grassroot’ levels, delivering tangible social upliftment and GDP growth in the African markets served by Tingo.

Tingo Mobile, with more than nine million subscribers, is Nigeria’s leading technology and device-as-a-service platform aimed at accelerating digital commerce, especially in the country’s agritech and fintech verticals. The company helps farmers acquire mobile phones through a unique leasing plan, connecting them to mobile and data networks through its own virtual mobile network. Tingo also connects farmers to markets, services and resources via Nwassa, its digital agritech marketplace platform that commenced operations in 2020. The company has also launched a beta version of TingoPay – a B2B and B2C fintech app aimed at providing financial services to users inside and outside of the agriculture value chain. Among the services offered are mobile wallets, payment processing and access to specialist lenders, insurers and pension products.

Tingo will soon announce its innovative blockchain-based solution for use of digital stable coins to empower frictionless trade across borders in Africa. The company’s market-proven model in Nigeria is its core foundation, enabling Tingo to deliver the same service model across Africa to become the continent’s leading agri-fintech business powered through smartphone technology.

The African Continental Free Trade (ACFT) plan will be a key framework to prepare the company to be the leading intra-Africa trading hub for trade flows across Africa in the medium term, when it is likely the agreement will be executed into tangible activity. Tingo is well positioned to easily transform the goals of the ACFT into reality when finally implemented by the African Union and the various African countries that have not signed up.

Investment Considerations:

  • Investor appetite in Africa continues to be robust, attracting $407 billion of Foreign Direct Investments (FDI) between 2014 and 2018.
  • Agriculture makes up 23 percent of sub-Saharan Africa’s GDP and 60 percent of employment.
  • Tingo directly benefits the African economy by helping farmers gain better prices for their crops.
  • The company enables more efficient markets via greater distribution of agricultural products.
  • Tingo directly provides an access point to technology for tens of millions of Africans.
  • The company is expanding into fintech banking services for the mass market, providing access to financial services through Tingo Pay, its proprietary mobile wallet application.

Additional Resources:

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Can Web3 Survive the Current Slump in Crypto Prices

July 11, 2022 1:30 PM

BlockQuarry (OTC: BLQC), a company that focuses on cryptocurrency mine hosting and self-mining operations at its leased property in the Southeast U.S., was featured on a recent episode of the Stock Day Podcast. BlockQuarry’s Founder and President Alonzo Pierce joined Stock Day host Sever Copley to discuss the first phase of the company’s mining operations, as well as what investors can look forward to for the rest of the year and beyond. “Phase one is going great... We are currently running at full capacity, at 20 megawatts. The best is yet to come… Our host model and the revenues allow us to drive a clear profit. We are in times right now where the market is down, yet with our partnerships and strategic hosting opportunities, we remain positive… When our second quarter comes out in August, it will show another leg up. We are excited, and we are staying positive and encouraged for the opportunities that have been set before us,” said Pierce, before further discussing the expansion of BlockQuarry’s revenue model as vital to move into the next phases of the project. “Our new ventures with energy and infrastructure are also key elements that will give us a stronger and more positive balance sheet.”

Crypto prices have slumped to historic lows in the past couple of months, costing the crypto market trillions of dollars in value and raising questions about the industry’s future. More than 70 cryptocurrencies have lost 90% of their value since January 2022, while Bitcoin and Ethereum have dropped by more than 50%. As experts predict that Ethereum and Bitcoin could drop by as much as 85%, how will the newest version of the internet, dubbed Web3, fare?

The internet has become increasingly centralized over the past decade as a select number of companies have gained a monopoly over internet services and data. However, Web3 is built on the concept of decentralization, which is the same principle behind cryptocurrencies such as Bitcoin and doesn’t rely on trusted third parties, including payment processors and banks. As such, Web3 uses cryptocurrencies to fund online purchases and send money online.

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