STOCKS TELEGRAPH

Tag: financial technology

  • Cuentas, Inc. (CUEN) Stock Soars Following Definite Agreement Between Cuentas and WaveMax

    Cuentas, Inc. (CUEN) stock prices were up 18.82% as of the market opening on July 22nd, 2021, bringing the price per share up to USD$4.23 early on in the trading day.

    Agreement with Wavemax

    July 22nd, 2021 saw the company announce having signed an exclusive, definitive JV agreement to rollout WaveMax’s SharedWiFi6 patented technology in 1000 locations. The rollout will commence from the New York City Metropolitan Area, with 500 locations in NYC, 330 in New Jersey, and 170 in Connecticut, with additional rollouts planned throughout the rest of the United States. The collaborative partners will execute a 50/50 joint venture to install advanced WiFi6 Access Points and Small Cells across the 1000 Bodega Stores.

    Implementing WaveMax Tech

    The stores will become CUEN’s premium locations that will be situated near public train stations and mass transit hubs, with the company’s products and services being offered on secure networks. The WiFi6 service is designed to enhance customer experiences with the Bodega stores with the automatic connecting of users with SharedWiFi high-speed internet, extending the reach of special in-store offers. Consumers at CUEN Points of Sale locations will also have access to promotions for the Cuentas GPR card and discounted products offered for sale through the company’s mobile app.

    CUEN’s Foray into Advertising

    The unique agreement will facilitate CUEN’s entry into the advertising ecosystem with its use of major brands to advertise the company’s offerings through mobile handsets. Furthermore, the company’s products and services will be available at a 50% discount for most favored nation pricing on their digital advertising platform.

    Advertising Ecosystem

    The company’s proprietary WaveMax’s SharedFi patented technology ensures the provision of a shared network of WiFi access points and small cells. Users will have access to the shared network and will have the option of being targeted by location-based advertising. The ads are configured by advertisers making use of WaveMax’s dashboards, which can manually or automatically target suitable demographics in an efficient manner.

    Future Outlook for CUEN

    Armed with the proliferation of its WaveMax technology and its rollout agreement, CUEN is poised to massively expand the scope of its market footprint. Keen to increase accessibility and market penetration, CUEN is confident in its ability to continue its trajectory of success. Investors are hopeful that management will persist in the effective management of company resources to usher in organic growth over the long term.

  • Triterras, Inc. (TRIT) Stock on the Rise as it Continues Expansion of Network of Strategic Partners

    Triterras, Inc. (TRIT) stock prices were up 6.32% as of the market close on July 21st, 2021, bringing the price per share up to USD$5.55 at the end of the trading day. Subsequent premarket fluctuations have seen the stock rise by 7.57%, bringing it up to USD$5.97.

    Collaboration with essDOCS

    July 22nd, 2021 saw the leading fintech company for trade and trade finance company announce its collaboration with essDOCS, a global trade management company that prides itself on its paperless operation. The agreement will facilitate the acceleration of the use of digital trade documents for the company’s global community of commodity traders. Aiming to make bulk cargo trading paperless and more efficient, essDOCS allows traders to digitize trade operations and finance processes regardless of cargo type.

    Details of the Agreement

    This is the latest in a string of moves by TRIT to foster growth as it builds out end-to-end services for its online marketplace, which is designed to connect and enable SME businesses, corporates, multinationals, and their lenders to trade online and digitally finance their commodity trading, logistics operations, and supply chains. As per the arrangement, the company will immediately integrate essDOCS’ Cargodocs electronic document capabilities onto Kratos. This will allow the company’s customers to create, review, and approve a paper or electronic bills of lading (eB/L) with their supply chain.

    Increased Visibility

    With the onset of the global coronavirus pandemic having exacerbated shipping costs and delays, there has been increasing awareness on the advantages of fully digitized trading operations. Trade stockholders using essDOCS’ CargoDocs solution, the world’s largest electronic Bill of Lading network, will be able to transfer the eB/L through the trade chain. Transfers can be made between carriers, exporters, financing parties, and importers in as little as three minutes.

    Recent Partnerships

    May 2021 saw the company announce its strategic investment and partnership with Electronic Cash and Payment Solutions, an open banking platform catering to India’s burgeoning Micro and SME marketplace. The series of partnerships have significantly expanded the company’s global footprint with its penetration of the Indian MSME marketplace. The company also recently announced its acquisition of Invoice Bazaar and its partnership with Western Union Business Solutions.

    Future Outlook for TRIT

    Armed with the latest in a growing network of strategic collaborations, TRIT is poised to capitalize on the expanded scope of opportunities made available to it. The company is keen to continue its trajectory of success by further facilitating expansion in its network of partners. Investors are hopeful that management will be able to facilitate significant and sustained increases in shareholder value.