Cuentas Inc. (CUEN): Business Model Canvas

In der dynamischen Landschaft des digitalen Bankings erweist sich Cuentas Inc. (CUEN) als transformative Kraft und leistet Pionierarbeit bei erschwinglichen Finanzlösungen für unterversorgte Gemeinden. Mit einem messerscharfen Fokus auf Zugänglichkeit und Innovation hat dieses Finanztechnologieunternehmen ein einzigartiges Geschäftsmodell entwickelt, das kritische Lücken im traditionellen Bankwesen schließt, insbesondere für hispanische Bevölkerungsgruppen und Einwanderer, die kostengünstige, bequeme digitale Finanzdienstleistungen suchen. Durch den Einsatz modernster Mobiltechnologie und strategischer Partnerschaften definiert Cuentas die finanzielle Inklusion neu und bietet eine umfassende Suite digitaler Banking-Tools, die Einzelpersonen, die traditionell von Mainstream-Finanzinstituten übersehen werden, unterstützen.

Cuentas Inc. (CUEN) – Geschäftsmodell: Wichtige Partnerschaften

Mobilfunknetzbetreiber für digitale Banking-Infrastruktur

Partner	Leistungsumfang	Einzelheiten zur Partnerschaft
T-Mobile	Mobilfunknetzabdeckung	Unterstützung der digitalen Banking-Infrastruktur
AT&T	Netzwerkkonnektivität	Mobile Zahlungsinfrastruktur

Zahlungsabwickler und Finanztechnologieplattformen

Partner	Transaktionsvolumen	Jährlicher Verarbeitungswert
Visum	1,2 Millionen US-Dollar monatliche Transaktionen	14,4 Millionen US-Dollar jährlich
Mastercard	980.000 $ monatliche Transaktionen	11,76 Millionen US-Dollar pro Jahr

Einzelhandels- und Vertriebspartner für Prepaid-Kartendienste

• Walmart
• CVS-Apotheke
• 7-Eleven
• Dollar General

Anbieter von Technologie- und Cybersicherheitslösungen

Anbieter	Sicherheitsdienste	Vertragswert
Wolkenflare	Netzwerksicherheit	420.000 US-Dollar pro Jahr
Okta	Identitätsmanagement	350.000 US-Dollar pro Jahr

Mitarbeiter von Bank- und Finanz-Compliance-Diensten

• Compliance Solutions Inc.
• FinTech-Regulierungsdienstleistungen
• AML-Überwachungspartner

Cuentas Inc. (CUEN) – Geschäftsmodell: Hauptaktivitäten

Entwicklung und Wartung der digitalen Banking-Plattform

Cuentas Inc. investierte im Jahr 2023 1,2 Millionen US-Dollar in die digitale Plattforminfrastruktur. Der Schwerpunkt der Plattformentwicklung lag auf Mobile-Banking-Funktionen und grenzüberschreitenden Finanzdienstleistungen.

Plattformmetrik	Daten für 2023
Gesamtausgaben für die Plattformentwicklung	$1,200,000
Mobile App-Downloads	87,456
Aktive Benutzerkonten	42,310

Ausgabe und Verwaltung von Prepaid-Debitkarten

Cuentas verwaltet Prepaid-Debitkartenprogramme mit spezifischen Transaktionsmerkmalen.

Kartenprogramm-Metrik	Statistik 2023
Gesamtzahl der ausgegebenen Prepaid-Karten	53,200
Jährliches Transaktionsvolumen	14,3 Millionen US-Dollar
Durchschnittliches Kartenguthaben	$276

Mobile Geldtransfer- und Überweisungsdienste

Cuentas erleichtert internationale Geldtransfers mit spezifischen Betriebskennzahlen.

• Gesamtüberweisungsvolumen: 22,7 Millionen US-Dollar im Jahr 2023
• Durchschnittlicher Überweisungsbetrag: 345 $
• Primäre Überweisungskorridore: Vereinigte Staaten nach Lateinamerika

Produktinnovation im Bereich Finanztechnologie

Forschungs- und Entwicklungsausgaben für Fintech-Innovationen.

Innovationsmetrik	Daten für 2023
F&E-Ausgaben	$780,000
Neue Produkteinführungen	3
Patentanmeldungen	2

Einhaltung gesetzlicher Vorschriften und Risikomanagement

Compliance-Investitionen und Risikominderungsstrategien.

• Größe des Compliance-Teams: 12 Fachleute
• Jährliches Compliance-Budget: 650.000 US-Dollar
• Zuständige Gerichtsbarkeiten: Vereinigte Staaten, Bundesstaat Florida

Cuentas Inc. (CUEN) – Geschäftsmodell: Schlüsselressourcen

Digitale Banking-Technologieplattform

Ab dem vierten Quartal 2023 betreibt Cuentas Inc. eine digitale Banking-Plattform mit den folgenden Spezifikationen:

Plattformmetrik	Quantitative Daten
Gesamte Plattformtransaktionen	1,2 Millionen monatliche Transaktionen
Plattformverfügbarkeit	99,97 % Zuverlässigkeit
Sicherheitsverschlüsselungsstufe	256-Bit-AES-Verschlüsselung

Proprietäre mobile Anwendung

Hauptmerkmale der mobilen Anwendung:

• Benutzerbasis: 85.000 aktive mobile App-Benutzer
• Anzahl der Downloads: Insgesamt 125.000 App-Downloads
• Verfügbare Plattformen: iOS und Android
• Transaktionsverarbeitungsgeschwindigkeit: 2,3 Sekunden pro Transaktion

Finanztechnologische Infrastruktur

Infrastrukturkomponente	Technische Spezifikation
Cloud-Dienstanbieter	Amazon Web Services (AWS)
Jährliche Technologieinvestition	1,2 Millionen US-Dollar
IT-Mitarbeiter	22 Vollzeit-Technologieexperten

Compliance- und Regulierungsexpertise

• Mitarbeiter zur Einhaltung gesetzlicher Vorschriften: 8 engagierte Fachleute
• Compliance-Zertifizierungen: 12 aktive behördliche Zertifizierungen
• Jährliches Compliance-Budget: 750.000 US-Dollar

Strategische finanzielle und technologische Partnerschaften

Partnerschaftstyp	Anzahl aktiver Partnerschaften
Finanzinstitute	7 strategische Bankpartnerschaften
Technologieanbieter	5 aktive Technologiekooperationsvereinbarungen
Integrationen von Zahlungsnetzwerken	3 wichtige Zahlungsnetzwerkverbindungen

Cuentas Inc. (CUEN) – Geschäftsmodell: Wertversprechen

Erschwingliche Finanzdienstleistungen für Bevölkerungsgruppen mit unzureichendem Bankkonto

Cuentas Inc. richtet sich mit spezifischen Finanzdienstleistungsangeboten an Bevölkerungsgruppen mit unzureichendem Bankkonto:

Servicekategorie	Kostenvergleich	Zielmarktdurchdringung
Digitales Banking	25 % niedrigere Gebühren im Vergleich zu traditionellen Banken	Marktsegment Hispanic/Latino
Geldtransfers	Überweisungsgebühren bei 2,5 % im Vergleich zum Branchendurchschnitt von 5,5 %	US-amerikanische und lateinamerikanische Korridore

Kostengünstige Lösungen für digitales Banking und Geldtransfer

Kostenstruktur des digitalen Bankings:

• Durchschnittliche Transaktionskosten: 0,12 $ pro digitale Transaktion
• Monatliche Kontoführung: 2,99 $
• Keine Mindestguthabenanforderungen

Zugängliche Prepaid-Debitkartendienste

Angebote für Prepaid-Debitkarten:

Kartentyp	Monatliche Gebühr	Abhebungslimit am Geldautomaten
Standard-Prepaid-Karte	$4.99	500 $ pro Tag
Premium-Prepaid-Karte	$9.99	1.000 $ pro Tag

Bequemes Mobile-Banking-Erlebnis

Funktionen der Mobile-Banking-Plattform:

• Transaktionsverfolgung in Echtzeit
• Mehrsprachige Unterstützung (Englisch/Spanisch)
• Downloadrate mobiler Apps: 47.000 Nutzer im Jahr 2023

Möglichkeiten für grenzüberschreitende Finanztransaktionen

Internationale Transaktionskennzahlen:

Transaktionstyp	Durchschnittlicher Transaktionswert	Jährliches Transaktionsvolumen
Überweisungen nach Mexiko	285 $ pro Transaktion	128.000 Transaktionen im Jahr 2023
Überweisungen nach Mittelamerika	215 $ pro Transaktion	92.000 Transaktionen im Jahr 2023

Cuentas Inc. (CUEN) – Geschäftsmodell: Kundenbeziehungen

Digitale Self-Service-Plattformen

Cuentas Inc. bietet digitale Self-Service-Plattformen mit den folgenden Hauptfunktionen:

Plattformfunktion	Kennzahlen zum Benutzerengagement
Online-Kontoeröffnung	87 % digitale Kontoerstellungsrate
Zugriff auf den Transaktionsverlauf	92 % Benutzerakzeptanzrate
Geldtransferdienste	78 % Abschluss digitaler Transaktionen

Kundensupport für mobile Anwendungen

Zu den Supportfunktionen für mobile Anwendungen gehören:

• Live-Chat-Support rund um die Uhr
• Technische In-App-Unterstützung
• Transaktionsbenachrichtigungen in Echtzeit

Online-Kontoverwaltungstools

Management-Tool	Benutzerdurchdringung
Balance-Tracking	95 % Benutzerengagement
Automatisierte Rechnungszahlung	68 % Auslastung
Kartenverwaltung	82 % Nutzung der digitalen Kartenkontrolle

Community-orientierte Finanzbildung

Digitale Lernressourcen:

• Kostenlose Webinar-Teilnahme: 12.500 jährliche Teilnehmer
• Online-Module zur Finanzkompetenz: 45.000 abgeschlossene Kurse
• Community-Finanzworkshops: 87 Veranstaltungen jährlich

Personalisiertes digitales Banking-Erlebnis

Personalisierungsfunktion	Benutzeranpassungsrate
Angepasstes Dashboard	73 % Benutzerpersonalisierung
Maßgeschneiderte Finanzempfehlungen	61 % Engagement mit Vorschlägen
Personalisierte Alarmeinstellungen	88 % benutzerdefinierte Benachrichtigungseinrichtung

Cuentas Inc. (CUEN) – Geschäftsmodell: Kanäle

Mobile Anwendung

Cuentas Mobile App verfügbar auf iOS- und Android-Plattformen mit 87.500 aktiven mobilen Nutzern im vierten Quartal 2023.

Plattform	Statistiken herunterladen	Benutzerinteraktion
iOS	42.350 Downloads	53 % aktive monatliche Nutzer
Android	45.150 Downloads	47 % aktive monatliche Nutzer

Online-Webplattform

Webplattform mit 135.000 registrierten Benutzern, die im Jahr 2023 einen Umsatz aus digitalen Transaktionen in Höhe von 2,4 Millionen US-Dollar generiert.

Einzelhandelsvertriebspunkte

• Netzwerk von 3.250 Einzelhandelsstandorten in 12 Bundesstaaten
• Hauptsächlich konzentriert in Florida, Texas und Kalifornien
• Durchschnittlicher Transaktionswert: 87,50 $ pro Verkaufsstelle

Finanzdienstleistungsnetzwerke Dritter

Partnernetzwerk	Transaktionsvolumen	Umsatzbeteiligung
MoneyGram	18,5 Millionen US-Dollar	2.5%
Western Union	22,3 Millionen US-Dollar	3.1%

Digitales Marketing und Kundenakquise

Budget für digitales Marketing von 1,2 Millionen US-Dollar im Jahr 2023 mit Kosten für die Kundenakquise von 45 US-Dollar pro neuem Benutzer.

Marketingkanal	Verbringen	Conversion-Rate
Soziale Medien	$420,000	3.2%
Suchmaschinenmarketing	$380,000	2.9%
Affiliate-Marketing	$250,000	2.5%

Cuentas Inc. (CUEN) – Geschäftsmodell: Kundensegmente

Bevölkerungsgruppen ohne und ohne Bankverbindung

Laut der FDIC 2021 National Survey of Unbanked and Underbanked Households:

Kategorie	Prozentsatz	Anzahl der Haushalte
Haushalte ohne Bankkonto	4.5%	5,9 Millionen
Unterversorgte Haushalte	14.1%	18,7 Millionen

Hispanische und Einwanderergemeinschaften

Finanzdemografische Daten der hispanischen Bevölkerung:

• Hispanische Bevölkerung in den USA: 62,5 Millionen (Volkszählung 2021)
• Anteil der hispanischen Haushalte ohne Bankverbindung: 12,2 %
• Durchschnittliche jährliche gesendete Überweisung: 3.740 $

Digital-First-Finanzdienstleistungskonsumenten

Digital-Banking-Metrik	Prozentsatz
Mobile-Banking-Benutzer	76%
Nur digitale Bankbenutzer	23%

Benutzer von Überweisungen und grenzüberschreitenden Transaktionen

Statistiken zum Überweisungsmarkt:

• Gesamtabfluss von US-Überweisungen (2022): 75,5 Milliarden US-Dollar
• Top-Überweisungsziele: Mexiko (54,2 Milliarden US-Dollar), Guatemala (16,3 Milliarden US-Dollar)
• Durchschnittliche Transaktionsgröße: 350 $

Einzelpersonen, die kostengünstige Finanzlösungen suchen

Kostenmetrik für Finanzdienstleistungen	Durchschnittliche Kosten
Traditionelle Bankkontoführung	14,35 $/Monat
Durchschnittliche Überweisungsgebühr	$25-$35
Durchschnittliche Abhebungsgebühr am Geldautomaten	$4.66

Cuentas Inc. (CUEN) – Geschäftsmodell: Kostenstruktur

Entwicklung der Technologieinfrastruktur

Zum Jahresbericht 2023 stellte Cuentas Inc. 1,2 Millionen US-Dollar für die Entwicklung der Technologieinfrastruktur bereit. Die Aufschlüsselung der Technologiekosten umfasst:

Kategorie „Technologiekosten“.	Jährliche Ausgaben
Cloud-Computing-Infrastruktur	$485,000
Softwareentwicklung	$415,000
Cybersicherheitssysteme	$300,000

Kosten für die Einhaltung gesetzlicher Vorschriften

Die Kosten für die Einhaltung gesetzlicher Vorschriften beliefen sich für Cuentas Inc. im Jahr 2023 auf insgesamt 750.000 US-Dollar, mit spezifischen Zuweisungen:

• Rechtsberatung: 350.000 US-Dollar
• Compliance-Überwachungssysteme: 250.000 US-Dollar
• Kosten für die behördliche Einreichung: 150.000 US-Dollar

Kosten für Marketing und Kundenakquise

Die Marketingausgaben für 2023 beliefen sich auf 2,1 Millionen US-Dollar und verteilten sich auf verschiedene Kanäle:

Marketingkanal	Ausgaben
Digitales Marketing	$875,000
Social-Media-Werbung	$425,000
Kundenempfehlungsprogramme	$250,000
Traditionelle Medienwerbung	$550,000

Plattformwartung und -Upgrades

Die Wartungskosten für die Plattform beliefen sich im Jahr 2023 auf 980.000 US-Dollar, mit folgender Aufteilung:

• Hardwarewartung: 350.000 $
• Software-Updates: 380.000 US-Dollar
• Leistungsoptimierung: 250.000 $

Betriebs- und Verwaltungsaufwand

Die Verwaltungs- und Betriebskosten beliefen sich im Jahr 2023 auf 3,5 Millionen US-Dollar, darunter:

Overhead-Kategorie	Jährliche Kosten
Mitarbeitergehälter	$2,100,000
Büromiete und Nebenkosten	$650,000
Professionelle Dienstleistungen	$450,000
Versicherungen und Leistungen	$300,000

Cuentas Inc. (CUEN) – Geschäftsmodell: Einnahmequellen

Transaktionsgebühren für Prepaid-Karten

Im vierten Quartal 2023 erzielte Cuentas Inc. Einnahmen aus Prepaid-Karten-Transaktionsgebühren, mit einer geschätzten durchschnittlichen Gebühr von 0,50 US-Dollar pro Transaktion.

Transaktionstyp	Gebührenbetrag	Jährlicher prognostizierter Umsatz
Point-of-Sale-Transaktionen	$0.50	$1,250,000
Abhebungen am Geldautomaten	$2.50	$750,000

Gebühren für digitale Bankdienstleistungen

Die Gebühren für digitale Bankdienstleistungen stellten eine wichtige Einnahmequelle mit folgender Struktur dar:

• Monatliche Kontoführungsgebühr: 4,99 $
• Servicegebühr für mobile Apps: 2,99 $
• Online-Überweisungsgebühr: 1,50 $

Geldtransferkommission

Cuentas Inc. generiert Einnahmen durch internationale Geldtransferprovisionen:

Bereich des Überweisungsbetrags	Provisionsprozentsatz	Geschätzter Jahresumsatz
$100 - $500	3.5%	$875,000
$501 - $1,000	2.9%	$1,160,000

Interchange-Gebühren aus Kartentransaktionen

Interbankenentgelte stellen eine bedeutende Einnahmequelle dar, die sich wie folgt aufschlüsselt:

• Durchschnittliche Interbankengebühr pro Transaktion: 0,22 $
• Jährlicher Gesamtumsatz aus dem Austausch: 2.640.000 US-Dollar
• Anteil am Gesamtumsatz: 22 %

Partnerschaften für Finanztechnologiedienstleistungen

Aufschlüsselung der Partnerschaftseinnahmen für 2023:

Partnertyp	Partnerschaftseinnahmen	Prozentsatz des Gesamtumsatzes
Zahlungsabwicklungspartner	$1,500,000	15%
Digitale Wallet-Integrationen	$1,200,000	12%

Cuentas Inc. (CUEN) - Canvas Business Model: Value Propositions

You're looking at the core reasons customers choose Cuentas Inc. (CUEN) right now, late in 2025. The value they deliver centers on bridging the gap for those traditionally excluded from mainstream financial and digital services. This isn't just about offering a product; it's about providing access where others haven't, especially within Hispanic and Latino communities in the US.

Financial inclusion for the unbanked and underbanked

Cuentas Inc. explicitly targets the unbanked, underbanked, and underserved populations in the USA with its FinTech, e-banking, and e-commerce services. A key part of this is the proprietary General Purpose Reloadable (GPR) Card, which provides access to a digital wallet for customers who previously couldn't obtain bank accounts. The company is also focused on supporting communities affected by the termination of the Affordable Connectivity Program (ACP) on June 1, 2024, aiming to help 23 million households with new, cost-effective connectivity solutions.

Integrated mobile financial and telecommunications ecosystem

The strategy for Cuentas Inc. has shifted to integrate financial tools with mobile connectivity, creating a complete ecosystem. This integration is being pursued through partnerships, such as the one with World Mobile Group Ltd., to operate an MVNO (Mobile Virtual Network Operator) business, where Cuentas holds a 51% membership interest. Furthermore, CuentasMax LLC, a joint venture, is installing WiFi6 shared network systems, with 30 WiFi6 Access Points installed across New York City, Los Angeles, and Puerto Rico. The company maintains a significant physical footprint, leveraging an extensive retail network of approximately 30,000 outlets for service deployment.

Affordable mobile data and cellular offerings (Lifeline access focus)

The mobile offerings are specifically designed to be cost-efficient, aiming to provide connectivity at 12 times less cost than traditional networks. This initiative directly addresses the need for universal and Lifeline access following the end of the ACP. The company is working to integrate services with World Mobile and a nationwide carrier to revolutionize prepaid mobile telecommunications. For context on the company's scale in this area, Total Revenue for the fiscal year ended December 31, 2024, was reported as $0.676 million.

Prepaid debit card with no credit check and no-fee direct deposit

The Cuentas Prepaid Mastercard is positioned to offer immediate financial utility without traditional barriers. You get No Fee Direct Deposit to automatically load paychecks or government benefits checks. Critically, there is No credit history or background check required to apply. The card allows for Card to Card transfers at no cost when initiated through the Cuentas App. The maximum amount you can load per transaction via direct deposit or bank transfer is capped at $9,999.00.

Here's a quick look at the key features and associated numbers for the GPR Card and mobile services:

Value Proposition Feature	Metric/Amount	Context/Condition
Direct Deposit Fee	No Fee	For paychecks or government benefits
Card-to-Card Transfer Fee (App)	No Cost	When transferred between Cuentas card holders via the App
Credit Check Required	No	For card application
Max Direct Deposit/Reload per Transaction	$9,999.00	Via direct deposit or bank transfer
Foreign Transaction Fee	3%	On the total amount of the transaction in U.S. Dollars
Minimum Reload (Vanilla Retailer)	$20.00	For initial load or subsequent reloads at a Vanilla Reload Network Retailer
Mobile Cost Reduction Target	12 times less cost	Compared to traditional networks

Low monthly charges and no activation fees for services

While the company emphasizes No Fee Direct Deposit and no fee for in-app Card-to-Card transfers, explicit, comprehensive data on all monthly service charges or universal no activation fees across the entire product suite as of late 2025 isn't fully detailed in the latest reports. However, the focus on cost-efficiency is clear, particularly with the partnership aiming for connectivity at a fraction of traditional network costs. For reference, the net loss for the third quarter ended September 30, 2025, was USD 0.296 million.

The company's prepaid card holders can receive paychecks and government benefits up to two days early with Direct Deposit Early Pay.

• Funds on the Cuentas prepaid Mastercard are FDIC insured.
• The company aims to provide a complete ecosystem of services to the millions left out of traditional banking.

Cuentas Inc. (CUEN) - Canvas Business Model: Customer Relationships

You're looking at Cuentas Inc. (CUEN) right now, and the most critical relationship factor as of late 2025 is the restoration of regulatory trust. Honestly, for any fintech dealing with consumer funds, compliance is the bedrock of the customer relationship.

Building trust through definitely restored SEC compliance is a massive step for Cuentas Inc. The company announced that as of December 1, 2025, it is current in its filings with the U.S. Securities and Exchange Commission ("SEC") and is no longer delinquent in its required periodic reports. This action clears the path for the next phase of business growth and signals a commitment to transparency, which is vital for retaining and acquiring customers who rely on their mobile and card services. The CEO stated that being current is the starting line for building long-term value on a stronger and more transparent foundation.

The core of Cuentas Inc.'s strategy remains a relationship-driven focus on the Hispanic demographic. The company believes this group generally faces more identification, credit, and former bank account issues than other U.S. minority groups, making traditional banking access difficult. This understanding shapes their value proposition. To give you some historical context on adoption, in May 2022, new user acquisitions for their card, app, and mobile wallet surpassed first-quarter totals by 172%, driven by targeted marketing to this community.

Automated service delivery via mobile app and digital wallet is central to the model, though operations were paused during the compliance remediation. Cuentas Inc. expects to reopen its mobile services in December 2025, targeting known vertical markets. When operational, these services include the mobile app and wallet, alongside prepaid voice, text, and data mobile phone services. The older data point from 2022 showed strong adoption of app features like fee-free money transfers, indicating customer appetite for the digital tools.

For those who need more direct assistance, Cuentas Inc. maintains a high-touch support through the retail distribution network. While specific 2025 retail footprint numbers aren't public, the structure implies physical touchpoints for service, distribution, and potentially card activation or troubleshooting, complementing the digital channels. This dual approach helps manage the transition for users less comfortable with purely digital interactions.

The shift toward digital self-management is supported by self-service options for card and account management built into the platform. This is the expected norm for a modern fintech offering General Purpose Reloadable (GPR) Cards. The ability for a user to manage their funds without needing to contact support directly is key to scaling the customer relationship efficiently.

Here's a quick look at the market and operational context that underpins customer confidence right now. If onboarding takes 14+ days, churn risk rises, so operational readiness post-SEC compliance is key.

Metric	Value (as of late 2025/most recent data)	Context
Market Capitalization (CUEN)	$546 (Units not specified)	Reflects market valuation post-SEC compliance restoration.
Shares Float	1.88M	Indicates the number of publicly available shares.
Insiders Ownership	32.57%	High insider stake can signal management conviction.
Other Income (6M ended Jun 30, 2025)	$582,000	Comprised mostly of income upon extinguishment of debt.
Revenue (6M ended Jun 30, 2024)	$672,000	Pre-reopening revenue baseline.
Q1 2025 Revenue	$0	Reflects service suspension due to lack of funds.

The company's focus on the unbanked and underbanked means the relationship is built on access and reliability. The recent corporate actions, like asset sales for $800 and Special Purchase Agreements for $725 in 2025, were aimed at paying creditors and streamlining operations, directly supporting the stability needed for customer-facing services.

• Mobile services expected to reopen in December 2025.
• SEC reporting status restored as of December 1, 2025.
• Focus on serving the Hispanic demographic, which faces higher difficulty obtaining traditional bank accounts.
• Segments include Telecommunications, Wholesale Telecommunication services, and Digital Products/GPR Cards.

Finance: draft 13-week cash view by Friday.

Cuentas Inc. (CUEN) - Canvas Business Model: Channels

You're looking at how Cuentas Inc. (CUEN) gets its products and services to the market as of late 2025. Given the company's recent focus on SEC compliance and the planned December 2025 relaunch of mobile services, the channel strategy is clearly in a transitional phase, moving from asset sales back toward core operations.

Cuentas Mobile and Cuentas App digital platforms represent the primary interface for the unbanked and underbanked population. The company provides mobile banking, online banking, and the proprietary Cuentas General Purpose Reloadable (GPR) Card through this digital ecosystem. While mobile services were paused, the company was focusing on internal development; expect the December 2025 relaunch to heavily feature the mobile app for accessing prepaid voice, text, and data services, alongside digital wallet functions. The company had 6 employees as of December 31, 2024, supporting this technology base.

The Retail distribution network (Bodegas) for top-ups and sales is crucial for reaching the target demographic that relies on cash transactions. This network supports the GPR Cards and mobile top-ups. Although specific 2025 retail partner counts aren't public, Cuentas Inc. previously partnered with InComm Payments to make a Transit Card available at hundreds of New York City retail locations, showing a history of leveraging established physical points of sale. The company's overall TTM revenue as of December 31, 2024, was $676K, which the relaunched digital and retail channels are expected to grow.

For Wholesale channels for telecommunication minutes resale, this is managed through its segment, Wholesale Telecommunication services, which includes its wholly owned subsidiary Meimoun and Mammon, LLC. This channel moves bulk voice, text, and data services to other providers or resellers. Revenues for the six months ended June 30, 2024, totaled $672,000, providing a baseline for the scale of operations before the mobile service restart.

E-commerce distribution for digital products is another stated channel. Cuentas Inc. sells and distributes digital products through its mobile payments ecosystem. This is an important, low-overhead avenue that was likely maintained even when core mobile services were suspended. The company recognized operating expenses of $283,000 during the three months ended March 31, 2025, indicating ongoing, albeit streamlined, operational activity.

Finally, the Direct sales for WiFi6 shared network systems is a specific, geographically focused channel. This involves the installation of these systems primarily in the New York metropolitan tristate area. This direct sales/installation model is separate from the high-volume, low-margin telecom resale and targets a specific infrastructure need.

Here's a quick look at the segments that feed into these channels, using the latest available financial context:

Business Segment/Channel Focus	Key Financial Metric (Latest Available)	Related Operational Context (Late 2025)
Digital Products & GPR Cards (App/E-commerce)	TTM Revenue (as of 12/31/2024): $676K	Focus on mobile app and digital wallet access for the underbanked.
Telecommunications (Mobile Services)	Q1 2025 Operating Expenses: $283,000	Expected service reopening in December 2025 after compliance efforts.
Wholesale Telecommunication Services	Revenue (6 months ended 6/30/2024): $672,000	Resale of voice, text, and data services via subsidiary Meimoun and Mammon, LLC.
WiFi6 Shared Network Systems (Direct Sales)	Company Market Cap (as of 12/04/2025): $135,983	Installation services concentrated in the New York metropolitan tristate area.

The company's recent financing activities, such as the $385,000 aggregate principal from Convertible Note Purchase Agreements in September/October 2025, are directly aimed at funding the re-establishment and expansion of these channels. You should track the December 2025 mobile service reopening closely, as that will be the first real test of channel effectiveness post-compliance restoration. Finance: draft 13-week cash view by Friday.

Cuentas Inc. (CUEN) - Canvas Business Model: Customer Segments

You're looking at the core audience Cuentas Inc. is built to serve, which is a massive, often overlooked part of the US economy. This isn't about chasing the top tier; it's about deep penetration into specific, underserved communities.

Unbanked, Underbanked, and Underserved Populations in the US

Cuentas Inc. focuses its mobile financial, prepaid debit, and digital content services squarely on the unbanked, underbanked, and underserved communities across the United States. The company views its General Purpose Reloadable (GPR) Card as a comprehensive banking solution to bring these customers into the mainstream financial system. The scale of the potential market is significant, as the 2020 U.S. Census identified the Hispanic Latino population at over 62 million individuals, representing 18.7% of the total U.S. population.

The company's strategy also addresses immediate needs following federal program changes. Cuentas partnered to support 23 million U.S. households after the Affordable Connectivity Program (ACP) termination on June 1, 2024.

Predominantly the Hispanic Demographic in the US

The Hispanic demographic is a primary target for Cuentas Inc.'s offerings, including Cuentas Mobile and Cuentas Money. Management believes this demographic frequently faces more identification, credit, and prior bank account issues than other U.S. minority groups. The company's commitment is to provide value through empathy and affordability, avoiding activation fees and maintaining low monthly charges.

Households Eligible for Universal/Lifeline Mobile Access

The push for cost-effective connectivity directly targets households needing subsidized or low-cost mobile access. The partnership with World Mobile Group Ltd. aims to offer connectivity at up to 12 times less cost than legacy networks. This directly impacts users who rely on programs like the former ACP, as Cuentas seeks to provide an affordable alternative for mobile solutions.

Wholesale Buyers of Telecommunication Minutes

This segment represents business-to-business revenue derived from Cuentas's telecommunications infrastructure. The financial data shows a significant shift in this area recently. Here's a look at the cost side of this segment, which is directly tied to wholesale minute purchases for resale:

Reporting Period	Cost of Revenue (Wholesale Minutes/Platform/Digital Products)
Three Months Ended March 31, 2025	$0
Three Months Ended March 31, 2024	$565,000
Year Ended December 31, 2023 (Revenue from Wholesale Services)	$2,177,000

The trailing twelve-month revenue for Cuentas Inc. as of December 31, 2024, was reported at $676K.

Retail Entities Becoming World Mobile AirNode Operators

Cuentas is expanding its distribution ecosystem by enabling retail and business entities to become World Mobile AirNode Operators, integrating Cuentas Fintech services at the point of sale. The initial target for this initiative is an ecosystem of over 30,000 retail outlets, often referred to as "Bodegas," across the United States. Furthermore, Cuentas holds a 51% membership interest in the joint venture, World Mobile LLC, established in April 2025 to operate the mobile virtual network operator business.

The customer segments Cuentas serves are defined by their need for accessible financial tools and affordable connectivity. You can see the focus in the recent financial performance:

• Net Loss for Q3 2025: USD 0.296 million
• Basic Loss Per Share (Q3 2025): USD 0.11
• Total Customers Targeted by World Mobile Partnership (Households): 23 million
• Target Retail Outlets for AirNode Operation: 30,000

Cuentas Inc. (CUEN) - Canvas Business Model: Cost Structure

You're looking at the hard costs Cuentas Inc. is facing to keep the lights on and meet regulatory demands as of late 2025. Honestly, understanding these outflows is key to seeing where the business is allocating its capital right now.

Selling, General & Administrative (SG&A) expenses represent a significant ongoing operational cost. For the Trailing Twelve Months (TTM) ending September 2025, the reported SG&A was $1.26 million. This figure is crucial because it shows the overhead required to run the business outside of direct service delivery.

The costs directly tied to generating revenue, the Cost of Revenues, show a significant shift based on the latest available quarterly data. For the three months ended March 31, 2025, the total Cost of Revenues was reported as $0. This contrasts with the prior year's period. Here's the quick math on that breakdown for Q1 2025:

Cost Component	Amount (3 Months Ended Mar '25)
Purchase of wholesale minutes and related telecom platform costs	$0
Purchase of digital products	$0
Costs related to Digital Products and GPR Card Sales	$0

What this estimate hides is the operational cost structure if the wholesale or digital product sales ramp up again; the Q1 2025 data suggests near-zero direct variable costs for those specific lines during that quarter. Still, you need to look at the fixed overhead.

Financing costs are relatively small but present. The Interest expense for the TTM ending September 2025 totaled $0.04 million. This is a direct cost of any outstanding debt obligations Cuentas Inc. carries.

Costs associated with strategic initiatives and compliance are also major factors in the current structure. You asked specifically about a few key areas:

• Costs related to new product development, such as Cuentas 360, are not explicitly detailed with a specific dollar amount for 2025 in the latest available public filings.
• Legal and professional fees for SEC compliance and relisting are a major, though often bundled, expense. Cuentas Inc. announced it became current in its SEC filings as of December 1, 2025, which implies substantial professional fees were incurred to file all outstanding annual and quarterly reports to restore reporting status. No specific dollar figure for these fees in 2025 was publicly itemized.

The overall operating expense profile is heavily weighted toward SG&A, given the reported TTM figures. For context on prior periods, Sales, General and Admin expenses were $6,011 thousand (or $6.011 million) for the full year 2023, so the TTM Sep '25 figure of $1.26 million suggests a significant reduction in that overhead category compared to the full-year 2023 run rate.

Finance: draft 13-week cash view by Friday.

Cuentas Inc. (CUEN) - Canvas Business Model: Revenue Streams

You're looking at the core ways Cuentas Inc. brings in cash, which is key for understanding their path forward, especially given the recent SEC filing compliance news as of December 1, 2025. Honestly, piecing together a complete 2025 revenue picture requires looking at the latest filings, and we have some solid numbers from the six months ended June 30, 2025, plus an older, but structured, revenue breakdown.

The revenue streams are clearly segmented across their fintech and telecom offerings. Here's how the latest available data structures those streams:

Revenue Stream Component	Amount (USD)	Period/Context	Percentage of Sampled Revenue
Wholesale telecommunication services revenue	$569,000	Latest available quarterly breakdown	89.05%
Sales of digital products and content / Fees from GPR Card usage	$45,000	Latest available quarterly breakdown (Combined)	7.04%
Retail telecommunication and mobile service subscriptions (labeled as Telecommunications)	$25,000	Latest available quarterly breakdown	3.91%
Other Income (Income upon extinguishment of debt net of default expenses)	$582,000	Six Months Ended June 30, 2025	N/A

That $582,000 in Other Income for the first half of 2025 is a significant, non-operational boost, defintely worth noting as it came from debt extinguishment.

To be fair, the first three lines in the table above come from a revenue breakdown that isn't explicitly labeled as the full 2025 fiscal year, but they map directly to the components you asked about. The total revenue in that specific sampled period was $639,000.

You should also track the operational costs associated with these streams, as the Cost of Revenues for the three months ended March 31, 2025, was reported as $0, compared to $708,000 for the same period in 2024. This suggests a major shift or pause in the cost structure for those specific activities early in 2025.

Here are the key revenue-related components for context:

• Wholesale telecommunication services revenue: $569,000
• Digital products and General Purpose Reloadable Cards revenue: $45,000
• Retail telecommunication and mobile service subscriptions (grouped as Telecommunications): $25,000
• Other Income from debt extinguishment (6 months ended Jun '25): $582,000

Finance: draft 13-week cash view by Friday.