- U.S.-based FingerMotion is a communications technology services company focused on the enormous Chinese consumer base and its adoption of mobile devices
- FingerMotion has established its operations on a stable tripod of services including SMS, MMS, and big data technologies
- The company recently reported growing revenues derived primarily from its SMS and MMS products
- On Oct. 25 the company introduced two new brands for value-added services that will help underwrite protection plans for mobile devices during the coming year
- FingerMotion expects its big data platform Sapientus to eventually outstrip SMS and MMS revenues as it becomes a significant tool for establishing consumer risk predictive services for China’s 1.4 billion people
Communications technology company FingerMotion (OTCQX: FNGR) is establishing itself as a powerhouse in consumer access within China’s enormous mobile technology use population base. Building on its recently reported 25 percent YOY quarterly revenue growth from short and multimedia messaging (SMS and MMS) services (https://nnw.fm/qoeJQ), the company has added two brands that will pair with a large American insurance company to help with underwriting mobile device protection programs (https://nnw.fm/HrWN7).
FingerMotion’s trademarked big data platform, Sapientus, has gained attention because of its unparalleled access to China’s consumers, handling over half a million transactions daily for its mobile payment and recharge services while providing the foundation for an insurtech industry capable of analyzing insurance and credit risks in a market where credit scoring infrastructure is not as developed as in the United States.
Global insurer Pacific Life reached an agreement with FingerMotion earlier this year that effectively positions FingerMotion as the data provider for Pacific Life’s Re-insurance division (https://nnw.fm/t1CON).
SMS functions such as mobile texting, MMS functions such as photo and video sharing, and big data analysis for Sapientus’ algorithm clients provide the three tripod legs sustaining FingerMotion’s business model and its sphere of innovation.
The newest brands are trademarked as Ji Shi Fu and Baowo under FingerMotion’s subsidiary Shanghai JiuGe Information Technology Co., Ltd. The brands are expected to provide value-add services by covering mobile consumer maintenance needs such as broken phone screens, accidental damage repairs and compensation, and older device trade-in’s.
The company states the services will come online early next year and could generate new revenue channels from more than 10 of China’s provinces, beginning with beta testing this month in Shanghai, Guangdong, Anjui, Zhejiang, and Henan provinces.
“This latest development demonstrates the flexibility of our business model to explore ways to monetize our vast active user base,” CEO Martin Shen stated in the company’s news release.
China has become a sought-after market as companies have established footholds for the businesses internationally, primarily because of China’s world-leading population, which is expected to top 1.4 billion this year. The country is developing one of the world’s fastest growing economies and is increasingly accessible to outside interests.
FingerMotion expects its existing unique opportunity to collect and store big data for the Chinese economy and convert it into something actionable for end users without having to expend great sums in marketing and consumer retention will continue to grant it an attractive investment profile.
For more information, visit the company’s website at www.FingerMotion.com.
NOTE TO INVESTORS: The latest news and updates relating to FNGR are available in the company’s newsroom at https://nnw.fm/FNGR
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