A leading technology firm, Tingo International has attributed its growth to support it received from shareholders, adding that the group is at the verge of global history.
Tingo, a technology company operating in the US, UK and Nigeria, offers mobile, health, financial and agricultural solutions through four subsidiaries.
Founded 19 years ago, Tingo is primarily aiming at addressing poverty in Africa and providing solutions tailored towards global goals, especially the Sustainable Development Goals (SGDs) one, which considers an end to poverty, goal two on zero hunger, goal three, which focuses on good health and wellbeing as well as goal nine, which is on industry, innovation and infrastructure.
Group Chief Executive of Tingo International Holdings Inc, Dozy Mmobuosi in a letter to the shareholders, which was made available to journalists said the company is currently serving over 9 million farmers across Nigeria, adding that the group aims at democratising access to technology.
“Our history has been chequered like those of many successful organisations and individuals. Without you, we would not have come thus far. Your belief and trust in the leadership of Tingo have been the rudder helping us to navigate the labyrinths of the business world. I thank you from the bottom of my heart,” Mmobousi told shareholders in the letter.
A digital platform for agribusiness, Nwassa, built by the company targets farmers of any size to access global agricultural markets for their crops.
The group also assists farmers and cooperatives with packaging, warehousing, and cargo logistics as well as agritech, fintech and extension services such as digital wallets, that enable businesses to send and receive domestic payments, monitor cash flow in real-time and securely hold money.
With Tingo Remit and Tingo Insurance, the group provides cover for individuals and businesses, addresses financial inclusion and assists Africans in the diaspora to send money back to their countries.
The Group Chief Executive noted that the remittance platform seeks to offer low-cost, high-speed, reliable and secure online international money transfer services at a cost-effective and convenient alternative to traditional money transfer companies and high street agents.
Mmobousi disclosed that Tingo Health has already partnered with thousands of private medical centres to offer an affordable private health care cover in many developing countries, in collaboration with health insurance companies.
He told his shareholders that the firm was on the threshold of more success and history, adding that the business recorded much success despite the ravaging effects of Covid-19 pandemic.
“Without your inputs particularly at the onset of COVID 19, when even the most resilient businesses and organisations were greatly shaken, your belief in our leadership became more profound.
“Tingo is coming to the end of a journey and set out to begin yet the ultimate journey that shall place it among big players in the global economy. I just want to thank you all for a job well done as we look forward to a great and rewarding future,” Mmobousi said in the hearth warming letter.