Cuentas Co-Founder / Executive Chairman Buys CUEN Shares on Open Market
Cuentas, Inc. (NASDAQ:CUEN, CUENW) announced that co-founder and Executive Chairman, Shalom Arik Maimon, purchased 32,850 shares of CUEN on the open market, reflecting his confidence in the company's future. Maimon stated that he believes the shares are undervalued and highlighted the company's role in providing essential financial services amidst economic challenges. Cuentas focuses on offering digital financial solutions to underserved populations, including prepaid debit cards, remittance services, and digital wallets.
- Co-founder Shalom Arik Maimon purchased 32,850 shares of CUEN, signaling strong confidence.
- Maimon believes Cuentas shares are undervalued amid current economic conditions.
- Cuentas provides essential financial services to underbanked populations, enhancing market potential.
- None.
Cuentas Founder Shows Faith in Potential Market Value of Cuentas
MIAMI, FL / ACCESSWIRE / June 16, 2022 / Cuentas, Inc. (NASDAQ:CUEN)(NASDAQ:CUENW) ("Cuentas"), a leading fintech provider of mobile financial app and payment solutions announces today that its co-founder and Executive Chairman of the Board of Directors, Mr. Shalom Arik Maimon today purchased 32,850 shares of CUEN on the open market.
"My personal investment in CUEN as a founder of the company shows that I have complete faith in the future of Cuentas" said Arik Maimon, Co-Founder & Executive Chairman of Cuentas.
"I sincerely believe that Cuentas' shareprice is undervalued and with the current economic situation and inflation, Cuentas continues to provide important benefits and significant savings to its cardholders in the USA. I believe that Cuentas is in the right place and right time to benefit from changing digital financial services," added Maimon.
About Cuentas
Cuentas, Inc. (Nasdaq:CUEN & CUENW) is a fintech e-finance and e-commerce service provider with proprietary technology that delivers digital financial services to the underbanked and un-banked Hispanic, Latino and immigrant populations including mobile and financial services, prepaid debit card, ACH and mobile deposits, cash remittance, peer to peer money transferring, and other services. The Cuentas General Purpose Reloadable (GPR) Card includes a digital wallet, discounts for purchases at major physical and online retailers, rewards, and the ability to purchase digital content. For more information, visit https://cuentas.com.
Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in section 27a of the United States Securities Act of 1933, as amended, and section 21e of the United States Securities Exchange Act of 1934, as amended. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Except for the historical information presented herein, matters discussed in this news release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Statements that are not historical facts, including statements that are preceded by, followed by, or that include such words as "believe," "plan," or "expect" or similar statements are forward-looking statements.
Investor Relations
Cuentas, Inc.
800-611-3622
info@cuentas.com
SOURCE: Cuentas, Inc.
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