Tingo International Holdings Inc., majority shareholder of Tingo (OTC: IWBB), a unique agri-fintech company, today announced a new partnership with MELD, an open-source, non-custodial liquidity protocol that securely lends and borrows both crypto and fiat currencies. The important partnership is designed to deliver a highly efficient DeFi lending and borrowing protocol to customers in Africa. “It is vitally important, as Africa’s largest agri-fintech company directed at providing services for the agricultural community and working to ensure food security across the continent, that we work with technologies such as MELD and CARDANO that are looking to shift the present paradigm in favor of banking for all and inclusive finance,” said Chris Cleverly, president of Tingo. “DeFi, stable tokens and NFTs will emancipate Africa as an economic powerhouse — we will work with regulators to ensure this is done safely and securely. Change is inevitable and Nigeria is leading this change.”
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About Tingo Inc.
Tingo is an agri-fintech company offering a comprehensive platform service using smartphones (“GSM” technology) to deliver a marketplace that enables nearly 10 million subscribers, within and outside of the agricultural sector, to manage their commercial activities of growing and selling their products 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, access to insurance services, and microfinance to support their value chain from seed to sale. Tingo aims to be Africa’s leading agri-fintech player that transforms rural farming communities to connect through its proprietary platform to meet their complete needs from inputs, agronomy, off-take and marketplace, delivering sustainable income in an impactful way. Through its innovative platform Nwassa, Africa’s first digital agriculture ecosystem, Tingo empowers rural businesses to access markets. Farm produce can be shipped from farms across Africa to any part of the world, in both retail and wholesale quantities. Tingo operates Tingo Pay, a mobile payment gateway. It is the intention of Tingo to support a continent-wide SuperApp. Tingo International Holdings is a majority shareholder in Tingo Inc., which owns 100% of Tingo Mobile PLC in Nigeria. The company has recently agreed to acquire Coinfield, a leading European crypto exchange that operates in 198 countries. Tingo intends to launch a gold stable token, along with MELD, to reduce interest rates, volatility and cross-border costs in Africa. For more information, visit the company’s website at www.TingoGroup.com.
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