Welcome to our dedicated page for CUENTAS news (Ticker: CUEN), a resource for investors and traders seeking the latest updates and insights on CUENTAS stock.
Cuentas Inc., a financial technology company, provides mobile banking, online banking, prepaid debit, and digital content services to the unbanked, underbanked, and underserved communities in the United States and internationally. It offers prepaid voice, text, and data mobile phone services; domestic and international long-distance voice, text, and data telephony services. The company also provides Cuentas Fintech app, a mobile application that allows cardholders to store and manage their products purchased in the Cuentas virtual marketplace where tier-1 retailers, virtual in-game currencies, Amazon cash, and cellular telecom prepaid minutes top-ups can be purchased usually at discounted prices. Cuentas Inc. was founded in 2005 and is headquartered in Miami, Florida.
Rhea-AI Summary
Cuentas announces the launch of its Cuentas Mobile service and signs distribution agreement to sell its telecommunications, fintech and value-added products in selected markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5%
Tags
-
Rhea-AI Summary
Cuentas appoints new CFO and makes management changes in preparation for acquisition and product launch
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.59%
Tags
-
Rhea-AI Summary
Cuentas, Inc. successfully raised over $2 million to expand its Fintech and Mobility divisions, aiming to increase revenue and profitability. The company plans to announce advancements to its Cuentas Money Application and financial solutions package soon, and is in discussions for lending capabilities. Cuentas also acquired the Brooksville property for $5.1 million, gaining majority control.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.25%
Tags
Rhea-AI Summary
Cuentas, Inc. (Nasdaq: CUEN) (Nasdaq: CUENW) announced the filing of its 2023-Q2 10Q, highlighting the progress management has made in the quarter. Key indicators include a 249% increase in assets, a 1.7% increase in liabilities, and a $2,195k increase in stockholders' equity. Revenue decreased from $670k to $40k for 2022-Q2 and 2023. Net loss decreased from -$3.1M to -$1.4M for Q2- 2022 vs Q2-2023. New property development initiatives for Cuentas Casa and renewed distribution agreements for Cuentas Mobile and Cuentas Money are expected to drive growth in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.61%
Tags
-
Rhea-AI Summary
Cuentas, Inc. reports successful completion of key strategic initiatives, including the launch of Cuentas Mobile and Cuentas Casa, and upcoming launch of Cuentas Money Application. Management believes these accomplishments will drive significant growth. The company has also partnered with OLB for its convenience store network and is developing sustainable residential communities in Florida. A rebranding program has been launched to unify all services under Cuentas.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Cuentas, Inc. announces that OLB Group has acquired the remaining controlling interest of Cuentas SDI LLC, enabling the companies to offer next-generation location-based digital services to Cuentas SDI's network of over 31,000 convenience stores. Cuentas plans to work with partner InComm to add innovative digital product offers and other services to its growing network. The goal is to increase offerings to underserved markets and provide an array of digital and traditional commerce services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.63%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.21%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.72%
Tags
-
Rhea-AI Summary
Cuentas, Inc. has launched Cuentas Mobile, a voice, text, and digital service that allows the company to deliver 5G and 4G LTE services across the US. The launch includes three core offerings and plans to expand to address the global community. Cuentas Mobile is part of the company's plan to provide a complete ecosystem of services to individuals and families who have been excluded from the traditional financial system. The company aims to combine integrated services to provide financial growth and lifestyle enhancements. Cuentas Mobile will be connected to the forthcoming release version 3.0 of the Cuentas App.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.15%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.73%
Tags
FAQ
What is the current stock price of CUENTAS (CUEN)?
The current stock price of CUENTAS (CUEN) is $0.0205 as of December 23, 2024.
What is the market cap of CUENTAS (CUEN)?
The market cap of CUENTAS (CUEN) is approximately 10.9K.
What services does Cuentas Inc. provide?
Cuentas Inc. provides mobile banking, online banking, prepaid debit, and digital content services to unbanked, underbanked, and underserved communities.
Where is Cuentas Inc. headquartered?
Cuentas Inc. is headquartered in Miami, Florida.
When was Cuentas Inc. founded?
Cuentas Inc. was founded in 2005.
What is the Cuentas Fintech app?
The Cuentas Fintech app is a mobile application that allows cardholders to store and manage their products purchased in the Cuentas virtual marketplace.
What type of phone services does Cuentas Inc. offer?
Cuentas Inc. offers prepaid voice, text, and data mobile phone services.
What kind of telephony services does Cuentas Inc. provide?
Cuentas Inc. provides domestic and international long-distance voice, text, and data telephony services.
What are the benefits of using the Cuentas Fintech app?
The Cuentas Fintech app allows cardholders to purchase a variety of products at discounted prices from the Cuentas virtual marketplace.
Who is the target demographic for Cuentas Inc.'s services?
Cuentas Inc. targets the unbanked, underbanked, and underserved communities in the United States and internationally.
How can customers access Cuentas Inc.'s services?
Customers can access Cuentas Inc.'s services through their mobile devices via the Cuentas Fintech app.
What sets Cuentas Inc. apart from other financial technology companies?
Cuentas Inc. focuses on providing next-generation digital financial services to populations who do not have access to traditional financial alternatives.
CUENTAS INC
Nasdaq:CUEN
CUEN Rankings
CUEN Stock Data
10.92k
1.84M
32.75%
3.05%
Software - Application
Technology
United States of America
Miami Beach