*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements
Cuentas, Inc. is focused on the business of using fintech technology. The Company provides mobile and e-commerce services for delivering financial, prepaid debit and digital content services to the unbanked, underbanked and underserved Latino, Hispanic, and immigrant communities. The platform includes a Mobile Wallet (Wallet) and a Digital Store (the Cuentas Digital Store) and is linked with a Prepaid Mastercard which can be used for automated teller machine (ATM) withdrawals, online purchases, and in-person purchases. The Company operates in two segments: telecommunications, and General-Purpose Reloadable Cards (GPR). Its e-commerce distribution and mobile payments ecosystem will allow consumers to purchase the Cuentass line of digital products and services through a nationwide network of retailers that specifically serve the Company's target market. Its Prepaid GPR Card allows each account holder to have a personalized Cuentas Mastercard and an associated Cuentas Account.
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May 10, 2023 07:02 ET (11:02 GMT)
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