Tingo (OTC: IWBB), a leading agri-fintech business in Africa, is involved in a partnership to build a new online portal designed to make the advantages of the internet available to businesses of all sizes. The company is involved in creating the Integrated Micro, Small & Medium Enterprise (iMSME) ecosystem. According to the company, iMSME is designed to be a portal open to businesses of all sizes. A focus of the portal will be to help facilitate communication among businesses and to assist in building relationships with potential partners, clients and customers. Tingo is one of several partners involved in this endeavor and will serve as the technology partner for the project. Others involved include ITScope Consulting, a technology and communications company and the federal government of Nigeria through the Small & Medium Enterprises Development Agency of Nigeria (“SMEDAN”). SMEDAN officials have noted that, when deployed, the new portal, which is a real-time integrated ICT platform designed to provide a digital solution to problems faced by MSMEs in Nigeria, should foster economic growth and development of all micro small and medium enterprises in the country. “We are delighted to work with SMEDAN and ITScope to deliver this important platform, which will assist in delivering increased and sustainable economic growth in Nigeria and across Africa,” said Tingo CEO Dozy Mmobuosi in the press release. “When I started my business over 20 years ago, some of the biggest challenges I faced were identifying and connecting with the best partners to deliver strategic goals and to efficiently engage with these partners and customers on a day-to-day basis. The iMSME portal allows entrepreneurs and business of all sizes to connect, engage and do business. This increase in efficiency will lead to a more prosperous economy for Nigeria and across Africa as the platform grows. This partnership highlights our commitment to fostering a sustainable, digitally led economy that supports entrepreneurs and business across Africa.”
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About Tingo Inc.
Tingo is a unique agri-fintech using smartphones to deliver a marketplace that enables nearly 10 million subscribers to manage their commercial activities of growing and selling their products to market participants. The ecosystem provides a one-stop-shop solution to enable subscribers to manage everything from airtime top-ups, bill pay services for utilities and other service providers, access to insurance services and microfinance to support their value chain from seed to sale. The company has two innovative platforms — Nwassa, Africa’s first digital agriculture ecosystem, and Tingo Pay, a mobile payment gateway. Tingo International Holdings is a majority shareholder in Tingo Inc., which owns 100% of Tingo Mobile PLC in Nigeria. The company has recently agreed to acquire Coinfield, a leading European crypto exchange that operates in 198 countries. For more information, visit the company’s website at www.TingoGroup.com.
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