Cuentas Inc Stock Price, News & Analysis

Cuentas, Inc. (NASDAQ: CUEN, CUENW) has announced a $20,000 donation to Smile Train through a social sponsorship with the Miss Universe Organization. The donation follows a campaign encouraging downloads of the Cuentas mobile banking app, with funds raised for every new user. The initiative aims to provide free corrective surgery for children with cleft lips and palates, highlighting Cuentas' commitment to social responsibility. Both Andrea Meza and Debora Hallal participated in promoting this campaign, which also enhances the brand's visibility and engagement.

Cuentas, Inc. (NASDAQ:CUEN)(NASDAQ:CUENW) announced the appointment of A. Hugh Meadows as Chief Operating Officer. Meadows brings extensive experience from his previous roles, including COO at Great America Bank and Senior VP at Green Dot Bank. His expertise is expected to enhance Cuentas' efforts in providing mobile banking and payment solutions to underbanked communities. Meadows aims to drive growth and profitability, aligning with Cuentas' mission to serve Hispanic and immigrant populations through innovative financial services.

Cuentas, Inc. (NASDAQ:CUEN, CUENW) has enhanced its mobile banking app, enabling cardholders to access payments up to two days earlier via direct deposit. Other features include fee-free peer-to-peer (P2P) payments and an expanded digital store offering discounts of 2% to 50% on various products. The app allows for better money management through transaction notifications and history tracking. CEO Jeff Johnson emphasized that these improvements aim to enhance user experience and retention.

Cuentas, Inc. (NASDAQ:CUEN, CUENW) has executed a binding letter of intent to acquire SDI Black 011, along with Mango Mobile and Black Wireless, enhancing its retail and mobile footprint. This strategic acquisition, set to close by May 2022, aims to leverage SDI's distribution network, which generated over $9 million in retail revenue in 2021. CEO Jeff Johnson highlighted the acquisition's potential to drive recurring revenue and operational efficiencies, benefiting over 30,000 US retailers.

Cuentas, Inc. (NASDAQ: CUEN & CUENW) has announced 2021-2022 shareholder updates, emphasizing its focus on the Latino and Hispanic market. After a successful IPO in February 2021 that raised $12M, the company enhanced its product offerings, including international remittances through a partnership with Western Union. Key developments include the launch of the Cuentas Mobile App improvements, a marketing rollout in New York, and plans for acquisition targets to increase userbase. CEO Jeffery D. Johnson aims to drive growth and expand services beyond the U.S. to countries like Mexico.

Cuentas, Inc. (NASDAQ:CUEN)(NASDAQ:CUENW) has appointed Carol Pepper as a member of its Board of Directors, enhancing its leadership with her extensive experience in social impact and international finance. With over 20 years in wealth advisory, Pepper leads Pepper International and has previously managed over a billion dollars in assets. Her expertise is expected to strengthen Cuentas' strategies aimed at serving the underbanked Hispanic and Latino communities as the company continues to expand its fintech services.

Cuentas, Inc. (NASDAQ:CUEN)(NASDAQ:CUENW) has appointed Jeffery D. Johnson as its new Chief Executive Officer, replacing Arik Maimon, who will continue as Executive Chairman. Johnson brings over 20 years of experience in the payments industry, previously serving at Netspend and First Data. The company aims to leverage Johnson's expertise to expand its services for the Hispanic and Latino communities, targeting a market with substantial purchasing power. Cuentas provides mobile banking, digital wallets, and various financial solutions for the underbanked.

Cuentas, Inc. (NASDAQ:CUEN, CUENW) has entered a three-year Marketing and Promotion Agreement with Benelisha Group Inc. to enhance mobile banking services targeting Hispanic and Latino communities in California. The agreement sets a goal of opening 15,000 new Cuentas General Purpose Reload (GPR) accounts in the first year and up to 50,000 new accounts by the end of the term. If successful, the agreement extends for perpetuity. A related networking event is scheduled for August 4, 2021, in Beverly Hills, following the Wall Street Conference.

Cuentas, Inc. (NASDAQ: CUEN, CUENW) has signed a definitive joint venture agreement with WaveMax to deploy SharedWiFi6 technology in 1,000 locations, starting in New York City, New Jersey, and Connecticut. This initiative aims to enhance customer experiences in bodegas by providing high-speed WiFi and opportunities for targeted advertising. Cuentas will offer promotional deals for its digital services in these locations. The partnership marks a significant step for Cuentas into the advertising ecosystem, with plans for expanded service across the U.S.