Cuentas (CUEN) gains a 20% premarket after announcing that it has signed a Definitive Joint Venture Agreement with WaveMax to implement WaveMax’s patented technology in 1,000 locations. The stock trades at $3.56 as of the last trading session with a rise of 6.91%. This will start in the New York Metropolitan Area with over 500 Bodega Stores.
The company plans to expand this service to other US cities. These will become Cuentas’ premium locations, which will be near mass transit hubs and public train stations. WiFi6 will automatically connect users to shared WiFi and provide them with special in-store offers. Through this agreement, Cuentas will be able to enter the advertising ecosystem with major brands and also benefit from 50% discounts on its products and services. WaveMAX’s patented technology-shared WiFi access points and small cells, enable advertisers to target users with location-based ads.
Cuentas is a Fintech company that uses technology to provide innovative and accessible financial services to the unbanked and underbanked segments of society. Its products are designed to meet the needs of these segments.
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Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.