Tingo, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 16, 2022 at 06:01 pm IST
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Tingo, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 257.06 million compared to USD 0.000962 million a year ago. Net income was USD 27.03 million compared to net loss of USD 0.315987 million a year ago.
Agri-Fintech Holdings, Inc., formerly Tingo, Inc., is an agri-fintech company. It offers a platform service through the use of smartphones-device as a service (using GSM technology) to empower a marketplace to enable subscribers/farmers within and outside of the agricultural sector to manage their commercial activities of growing and selling their production to market participants both domestically and internationally. The ecosystem provides a one-stop shop solution to enable such subscribers to manage everything from airtime top-ups, bill pay services for utilities and other service providers, and access to insurance services and microfinance to support their value chain from seed to sale.