Cuentas Announces OLB Group's Purchase Of Controlling Interest In Cuentas SDI, And The Black011.com, Enabling The Companies To Offer An Increasing Array Of Next-Generation Location-Based Physical And Digital Services To Accelerate Growth
Portfolio Pulse from Benzinga Newsdesk
Cuentas, Inc. (NASDAQ:CUEN) (NASDAQ:CUENW) announced that OLB Group (NASDAQ:OLB) has acquired the remaining controlling interest of Cuentas SDI LLC. Cuentas will retain its 19.99% share in Cuentas SDI and will be providing additional services to the network, including the Company's new Cuentas Mobile Wireless Service. The companies plan to offer an increasing array of next-generation location-based physical and digital services to accelerate growth. The partnership aims to increase offerings to the underserved markets and expand across the nation.
July 17, 2023 | 12:07 pm
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POSITIVE IMPACT
Cuentas' partnership with OLB Group and the latter's acquisition of a controlling interest in Cuentas SDI could potentially boost Cuentas' growth and expansion in underserved markets.
The acquisition by OLB Group could provide Cuentas with the necessary resources and support to expand its services and reach in underserved markets. This could potentially lead to increased revenues and growth for the company.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
As a warrant of Cuentas, CUENW's value could potentially increase due to the partnership with OLB Group and the latter's acquisition of a controlling interest in Cuentas SDI.
As a warrant of Cuentas, CUENW's value is directly tied to the performance of Cuentas. The partnership with OLB Group and the latter's acquisition of a controlling interest in Cuentas SDI could potentially boost Cuentas' growth, which could in turn increase the value of CUENW.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
OLB Group's acquisition of a controlling interest in Cuentas SDI could potentially boost its growth and expansion in the fintech sector, particularly in providing services to underserved markets.
The acquisition of a controlling interest in Cuentas SDI could provide OLB Group with a significant opportunity to expand its services and reach in underserved markets. This could potentially lead to increased revenues and growth for the company.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100