Affluence Stock Price, News & Analysis

Affluence Corporation (OTCID:AFFU) has announced the successful completion of the Medini Smart City Management Platform (MSCMP) in Iskandar, Malaysia. The project was delivered through a partnership between BCN Smart Technologies and AFFU's subsidiary Mingothings International (MTi).

The platform, powered by MTi's thethings.iO IoT technology, serves as the central dashboard for Iskandar Investment Berhad (IIB) and integrates IoT solutions for environmental monitoring. The first phase is now operational, featuring real-time air quality monitoring, with plans for expansion into other city management verticals. The system is showcased at IIB's Smart City Experience Centre in Medini, serving as a model for Malaysia's ambition to create its first net carbon zero city.

Affluence Corporation (OTCID:AFFU), a global technology company focused on Smart City solutions, has announced significant strategic changes under new President Oscar Brito. The company reported €6.4 million in signed contracts across Europe, Asia, and Central Africa in H1 2025, with €2.95 million already billed.

Key initiatives include expanding U.S. operations, restructuring legacy debt, pursuing strategic acquisitions, and engaging a PCAOB registered audit firm for 2024-2025 financial statements. The company aims to transform into a roll-up platform for next-generation infrastructure technology while focusing on Smart Cities, AI, IoT, and 5G solutions.

Affluence Corporation (OTCID:AFFU), a global technology holding company specializing in smart infrastructure and edge computing solutions, has reported significant commercial progress in H1 2025. The company secured over €6.4 million in signed contracts, with €2.95 million already billed through its subsidiaries MTi and OneMind Technologies.

The contracts span across Smart Cities, Industrial IoT, and Security Infrastructure verticals. The company is now focusing on expanding its presence in the United States market, with multiple U.S.-based projects already in development.

Affluence Corporation (OTC Pink:AFFU) announced that its subsidiary Mingothings International (MTi) has secured new contracts worth over €3 million in June 2025. The contracts span across Europe, Asia, and Central Africa, involving projects with European defense integrators, global sports organizations, and Asian government security agencies.

The projects focus on key verticals including Smart Cities, Security, and Digital Transformation. The company is awaiting formal client approvals to publicly disclose specific customer names in future announcements. These wins align with Affluence Corporation's 2025 strategic priorities and demonstrate its geographical expansion capabilities.

Affluence Corporation (OTC PINK:AFFU), a global technology company focused on smart infrastructure and edge computing solutions, has appointed Oscar Brito as President, effective immediately. Brito, who will report to the Board, brings extensive experience in private equity, capital formation, and M&A across multiple regions. His track record includes raising over $600 million for various projects and an additional $400 million as a principal investor. Notably, Brito was a co-founder and board member of iQSTEL Inc, a telecom company with $300 million in annual revenue. In his new role, Brito will be responsible for identifying, financing, and managing acquisitions within the United States, focusing on the Smart City and Connected Industries IoT space.

Affluence Corporation (OTC Pink:AFFU) has completed the acquisition of Barcelona-based Mingothings SLU (MTI), a specialist in IoT solutions and data analytics for smart cities. MTI will integrate with OneMind Technologies (OMT), another Affluence subsidiary, to enhance their OneMindNG platform with IoT connectivity and data analytics capabilities.

The strategic acquisition aims to capitalize on the Smart City and Connected Industries IoT market, which Fortune Business Insights projects to grow from $768 billion in 2024 to $4.6 trillion by 2032, representing a 25.2% CAGR. The combined offering will streamline customer experience and enable pursuit of larger market opportunities.

Affluence (OTC Pink:AFFU) has signed a definitive agreement to acquire Mingothings SL (MTI), a Barcelona-based specialist in IoT solutions and data analytics for smart cities. MTI will partner with OneMind Technologies (OMT), Affluence's subsidiary, to enhance their OneMindNG platform with predictive and prescriptive analytics.

The acquisition aims to combine MTI's IoT platform capabilities with OMT's AI-driven Hypervisor dashboard, enabling faster and more cost-effective implementation of IoT solutions. The smart city and connected industries IoT market is projected to grow from $768 billion in 2024 to over $4.6 trillion by 2032, with a CAGR of 25.2%.

As part of the agreement, MTI shareholders will exchange their equity for Affluence preferred stock, granting them voting control. William E. Gonyer has been appointed as CFO, emphasizing that cost synergies and accelerated growth will ensure positive cashflow. The acquisition's final step involves notarization under Spanish law, expected this month.

Affluence (AFFU) has announced that its subsidiary OneMind Technologies will partner with Mingothings Arabia to showcase their Smart City and IoT technology solutions at LEAP 2025, taking place in Riyadh, Saudi Arabia from February 9-12, 2025. The collaboration will demonstrate AI-powered IoT solutions and Smart City innovations at what is described as the world's most attended technology event.

Thierry Scozzesi, Chief Commercial Officer at OneMind Technologies, emphasized their focus on showing how AI, real-time data processing, and IoT integration can drive urban transformation, highlighting their commitment to delivering scalable solutions for smarter, more connected cities.

Affluence (OTC Pink:AFFU) has announced an agreement to acquire Mingothings SLU (MTI), a specialist in IoT solutions and data analytics for smart cities. The acquisition, expected to close in Q1 2025, will involve MTI shareholders exchanging their ownership for AFFU equity.

The merger aims to strengthen AFFU's OneMind Technologies subsidiary by integrating MTI's IoT platform capabilities with OneMindNG's AI-driven dashboard solution. The combined entity is projected to generate over $4 million in revenue in 2025 with EBITDA margins exceeding 10%.

This strategic move positions AFFU in the smart city and connected industries IoT market, which Fortune Business Insights projects to grow from $768 billion in 2024 to $4.6 trillion by 2032, at a 25.2% CAGR.