Cuentas Signs Binding Letter of Intent to Purchase SDI Black 011 LLC and Mango Tel LLC for USD 3.2M


Cuentas, Inc. (NASDAQ: CUEN) (NASDAQ: CUENW) (“Cuentas“), a leading fintech provider of mobile banking and payment solutions, has signed a binding letter of intent to acquire the operations and distribution network of prepaid wireless and digital provider SDI Black 011 (SDI), as well as Mango Mobile and Black Wireless. The deal is expected to close by or before May of this year.


 


Cuentas previously invested in the expansion of the SDI network and will leverage

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