Tingo (OTCQB: IWBB) appears committed to tackling some of the biggest social and economic challenges Africa faces today through its innovative technology that can uplift rural communities and open international opportunities. Challenges faced by African agriculture are considerable, from food waste and substantial inefficiencies to being considerably underfunded. However, technology can help. “According to the World Bank, to help African farmers grow their income, it is necessary to improve their commercialization capabilities and provide them with access to better technology and financial tools. This is where Tingo steps up to the challenge to enhance farmers’ access to appropriate tools and financial services to boost shared prosperity across the continent,” reads a recent article. Tingo leverages the unique device-as-a-service model to provide farmers with connectivity through simple smartphone technology — its agri-marketplace platform, NWASSA, and TingoPay. “Tingo’s revolutionary solution offers a blueprint to deliver the future of agriculture and a ‘seed to offtake’ private marketplace model that can help solve the food security challenges in Africa… Since GDP in emerging countries tends to grow when economies are driven through rural investment and growth, Tingo can catalyze massive macro and micro impact in rural communities in Africa.”
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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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