CUEN – Cuentas, Inc. Unveils Fintech Offering Advancements, Spotlighting Rapid Expansion in Core Services and Products Tailored to Captivate the Thriving Hispanic Diaspora Market

Cuentas, Inc. Unleashes Shareholder Letter, Sharing Dynamic Improvements in Core Fintech Services and Exciting Feature Additions and the Current Status of its Upcoming Filing.

MIAMI BEACH, FL, March 13, 2024 (GLOBE NEWSWIRE) -- Cuentas, Inc. (OTC: CUEN & CUENW) (“CUEN” or “the Company”), a pioneer driving the seamless integration of financial services, telecommunications, and real estate for the unbanked and underbanked Hispanic demographic, is delighted to announce the release of a shareholder letter from its Chief Executive Officer, Mr. Arik Maimon. This communication offers a comprehensive update on the company's core services commercial offer and market expansion, evaluation of strategic initiatives, and a forthcoming filing update.

Dear Fellow Shareholders,

It brings me great pleasure to share our latest shareholder newsletter, designed to provide you with a thorough overview of the strides and strategic initiatives being undertaken by Cuentas to bolster revenues, profitability, and overall shareholder value.

Our steadfast dedication to achieving unparalleled growth and profitability, as outlined in our 2023 roadmap, remains resolute. The exceptional performance witnessed in the last quarter, surpassing our growth projections, serves as a testament to our unwavering commitment and focus.

Our Fintech division, Cuentas Money, is currently in the midst of a transformative transition to a new services platform. This transition will provide us with enhanced agility and customizable features. We are launching our Cuentas Visa Single Load Prepaid card, a significant milestone in expanding essential financial services to millions within the Hispanic community. With streamlined onboarding processes and minimal compliance friction, we anticipate a notable increase in our customers.

Simultaneously, we are in the final stages of launching our Cuentas Visa GPR (General Purpose Reloadable) card and enhancing the user experience and features of our mobile app. We are committed to keeping all our shareholders abreast of these imminent product releases and strategic technology agreements.

Cuentas Mobile, bolstered by robust distribution agreements, continues its rapid expansion. Our pioneering eSIM offering is revolutionizing the mobile market landscape, facilitating deeper market penetration. The eSIM, a digital iteration of the traditional SIM card, simplifies connectivity by enabling remote programmability and compatibility with a wide array of devices. This transformative innovation will soon be scaled nationwide, complemented by the integration of additional features and benefits.