Cuentas, Inc. (CUEN) Announces Conversion of $2M+ in Warrants

Cuentas, Inc. (Nasdaq: CUEN) (Nasdaq: CUENW) ("Cuentas"), the Company that is creating an alternative financial ecosystem for the underbanked and underserved segment of the population who do not have access to traditional financial and lifestyle alternatives, announces the successful capital raise of over $2 Million from investors to enable its forward-looking plan to increase revenue and profitability of Cuentas Inc.

Cuentas Management is dedicated to work towards the success of Cuentas and with this capital raise has provided financial liquidity to enable advancement of multiple projects. Cuentas has been investing additional resources into the Fintech and Mobility platforms and with the availability of additional funds expects to achieve important milestones during the upcoming months.

Cuentas expects to announce exciting advancements to its new Cuentas Money Application and financial solutions package in the near future, and are in discussions to enable lending capabilities.

"Cuentas successfully closed on the Brooksville property near Tampa, FL for $5.1 Million with majority control," said Cuentas CEO and Co-Founder, Arik Maimon. "Management will continue to focus to make all three Cuentas divisions to be on a secure path for success. I believe that Cuentas is a unique group in the world to provide essential services with financial inclusion, mobile services and rental apartments as solutions for the underserved population. I am proud that this Cuentas Triple Play is becoming a reality," added Maimon.

"We are very appreciative to our investors who have shown their continued support and dedication to the success of Cuentas," said Cuentas President and Co-Founder, Michael De Prado. "This investment of over $2 Million specifically was raised to expand the Fintech and Mobility divisions of Cuentas Inc.", added De Prado.

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