Tag : MICT

B2B Fintech News

MICT Completes Acquisition of Operating Business And Assets Of Tingo, Inc.

Fintech News Desk
by Fintech News Desk0
MICT, Inc has completed the previously announced acquisition of 100% of the operating business and assets of Tingo, Inc. via its purchase of Tingo Mobile Limited (“Tingo Mobile”). As the consideration for the acquisition, MICT is issuing 19.9% of its common stock to Tingo, together with Series A Preferred Stock......
TINGO and MICT Announce Execution of Definitive Merger Agreement
Fintech News

TINGO and MICT Announce Execution of Definitive Merger Agreement

Fintech News Desk
by Fintech News Desk0
Merger Would Create an over $900 Million Annual Revenue and Highly Profitable Nasdaq-listed Fintech and Agri-Fintech Company Serving the African and Asian Markets Tingo, Inc. announced that they have executed a definitive agreement to merge and consolidate their operations to create an over $900 million annual revenue and highly profitable Nasdaq-listed Fintech and Agri-Fintech company serving the African and Asian markets with......
MPOWER Financing Adds Jatin Rajput, Global Financial Services Executive and Fintech Investor, to Its Board
Fintech InsurTech News

MICT Announces Launch of Online Insurance Platform

Fintech News Desk
by Fintech News Desk0
MICT, announced that in connection with the Company’s previously announced $25,000,000 capital raise of common stock and warrants, the Company’s wholly-owned subsidiary, GFH Intermediate Limited (“GFHI”), is launching its insurance platform, which it anticipates starting to grow revenues as early as next quarter. Read More: GlobalFintechSeries Interview with Derek Boirun, CEO......
MICT Closes Acquisition of Global Fintech Holdings with $15 Million in Committed Funding
Fintech Fintech Funding News

MICT Closes Acquisition of Global Fintech Holdings with $15 Million in Committed Funding

Fintech News Desk
by Fintech News Desk0
MICT plans to execute on accretive business opportunities to grow both its fintech and telematics businesses MICT, announced that it has completed the acquisition of a wholly-owned subsidiary of Global Fintech Holdings Ltd. (“GFH”) for approximately $25 million in convertible securities.  In connection with the previously announced private placement of convertible promissory......
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