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Cuentas Inc - CUENW STOCK NEWS

Welcome to our dedicated page for Cuentas news (Ticker: CUENW), 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 unbanked, underbanked, and underserved communities in the United States and internationally. They offer a variety of services including prepaid voice, text, and data mobile phone services, long-distance telephony services, and cuentas fintech app. This mobile application allows users to manage products purchased in the cuentas virtual market place where they can buy tier-1 retail products, in-game currencies, Amazon cash, and cellular telecom prepaid minutes at discounted prices. Founded in 2005, Cuentas Inc. is headquartered in Miami, Florida.

News

CUEN - Cuentas Announces Management Changes and Appoints New Financial Officer

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Cuentas appoints new CFO and makes management changes in preparation for acquisition and product launch
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Cuentas Lead Investors Show Confidence By Converting Warrants for Over $2 Million

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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.
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Cuentas adds to its Shareholder Update, Filing 10Q as Management Highlights Progress in The Companies Multiple Businesses, Reporting Increased Assets, Reduced Losses, and New Opportunities for 2024

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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.
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Cuentas Releases Shareholder Update and New Branding Initiative, Highlighting the Successful Launch of Key Initiatives of the Company's Strategy of Building a Complete Ecosystem to Serve the Underserved but Well Deserved, An Estimated Trillion-Dollar Market Opportunity

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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.
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Cuentas Announces OLB Group's Purchase of Controlling Interest In Cuentas SDI, and the Black011.com Commerce Platform, Enabling the Companies to Offer an Increasing Array of Next-Generation Location-Based Physical and Digital Services to Accelerate the Growth of Cuentas SDI's Network of Over 31,000 Local Convenience "Bodega" Stores

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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.
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Cuentas Taps Two New Properties for Its Sustainable Communities Initiative, Announcing Development Plans for Another 55+ Acres and 670+ Apartments As Company Accelerates its Goal of Becoming the Leader in Creating Affordable, Accessible, Sustainable Housing Communities Across Florida and Beyond

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Cuentas Announces The Acquisition of a 28.5 Acre Property In Ocala, Florida, Targeted for the Next Phase of Its Cuentas Casa Sustainable Community Initiative,While Releasing Exclusive Renderings of Its Latest Property, Arden by Cuentas Casa, Now in Development Near Tampa

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Cuentas Launches Cuentas Mobile, a New Mobile Phone Service Designed to Go 'Beyond The Call', Combining Mobile Connectivity With Access to Financial Tools and Services, Offering Greater Opportunities to Connect With Each Other and The World, to Those Who Need it Most

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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.
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Cuentas Closes on 21+ Acre Parcel Near Tampa Florida, Moving Forward in With Its "Arden by Cuentas Casa" Development, A 360 Unit Complex Combining Innovative, Sustainable Building Technologies With Modern, Technology Driven Resident Benefits, Creating New, More Affordable Living Opportunities for the Underserved

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Cuentas to Develop a 360 Unit Apartment Complex, Featuring Next Generation, Patented, Sustainable Housing Construction, Designed to Make Home Rental Possible for a Broad Section of the Market Who Might Otherwise Not Have Access.

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Cuentas, Inc. (Nasdaq: CUEN & CUENW) has announced the expansion of its Sustainable Life initiatives with the development of a 360-unit apartment complex named Arden By Cuentas Casa near Tampa, Florida. This project aims to provide affordable rental options while utilizing innovative construction techniques from Renco USA. Cuentas has already invested $2 million towards the $5.1 million acquisition of the land, with plans to close the deal soon. The company emphasizes empowering the underbanked and underserved populations by providing a modern financial ecosystem that offers various financial tools and solutions, thereby enhancing economic participation. This project follows their previous investment in the Lakewood Village project, and management plans to continue developing multiple projects by 2024.

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FAQ

What is the current stock price of Cuentas (CUENW)?

The current stock price of Cuentas (CUENW) is $0.001 as of February 7, 2025.

What services does Cuentas Inc. provide?

Cuentas Inc. offers 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 manage products purchased in the cuentas virtual market place.
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Cuentas Inc

Nasdaq:CUENW

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1.84M
Software - Application
Technology
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United States
Miami Beach