Cuentas Inc. (CUEN): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el panorama dinámico de la banca digital, Cuentes Inc. (CUEN) surge como una fuerza transformadora, pionero en soluciones financieras asequibles para las comunidades desatendidas. Con un enfoque de afeitar en accesibilidad e innovación, esta compañía de tecnología financiera ha creado un modelo comercial único que une las brechas críticas en la banca tradicional, particularmente para las poblaciones hispanas e inmigrantes que buscan servicios financieros digitales convenientes y de bajo costo. Al aprovechar la tecnología móvil de vanguardia y las asociaciones estratégicas, Cuentes está redefiniendo la inclusión financiera, ofreciendo un conjunto integral de herramientas de banca digital que empodera a las personas tradicionalmente pasadas por alto por las principales instituciones financieras.

Cuentes Inc. (CUEN) - Modelo de negocio: asociaciones clave

Operadores de red móvil para infraestructura bancaria digital

Pareja	Alcance del servicio	Detalles de la asociación
T-Mobile	Cobertura de red móvil	Soporte de infraestructura bancaria digital
AT&T	Conectividad de red	Infraestructura de pago móvil

Procesadores de pago y plataformas de tecnología financiera

Pareja	Volumen de transacción	Valor de procesamiento anual
Visa	$ 1.2 millones de transacciones mensuales	$ 14.4 millones anuales
Tarjeta MasterCard	$ 980,000 transacciones mensuales	$ 11.76 millones anuales

Socios minoristas y de distribución para servicios de tarjetas prepagas

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

Proveedores de soluciones de tecnología y ciberseguridad

Proveedor	Servicios de seguridad	Valor de contrato
Marco de la nube	Seguridad de la red	$ 420,000 anualmente
Okta	Gestión de identidad	$ 350,000 anualmente

Colaboradores de servicios bancarios y de cumplimiento financiero

• Cumplimiento Solutions Inc.
• Servicios regulatorios de FinTech
• Socios de monitoreo de AML

Cuentes Inc. (CUEN) - Modelo de negocio: actividades clave

Desarrollo y mantenimiento de la plataforma de banca digital

Cuentes Inc. invirtió $ 1.2 millones en infraestructura de plataforma digital en 2023. Desarrollo de plataforma centrado en las capacidades de banca móvil y servicios financieros transfronterizos.

Métrica de plataforma	2023 datos
Gastos de desarrollo de la plataforma total	$1,200,000
Descargas de aplicaciones móviles	87,456
Cuentas de usuario activas	42,310

Emisión y gestión de la tarjeta de débito prepago

Cuentes administra programas de tarjetas de débito prepagas con características transaccionales específicas.

Métrica del programa de tarjetas	2023 estadísticas
Tarjetas prepagas totales emitidas	53,200
Volumen de transacción anual	$ 14.3 millones
Saldo de tarjeta promedio	$276

Servicios de transferencia de dinero móvil y remesas

Cuentas facilita las transferencias de dinero internacional con métricas operativas específicas.

• Volumen total de remesas: $ 22.7 millones en 2023
• Monto promedio de transferencia: $ 345
• Corredores de remesas primarias: Estados Unidos a América Latina

Innovación de productos de tecnología financiera

Gastos de investigación y desarrollo dedicado a la innovación de FinTech.

Métrica de innovación	2023 datos
Gasto de I + D	$780,000
Nuevos lanzamientos de productos	3
Solicitudes de patentes	2

Cumplimiento regulatorio y gestión de riesgos

Inversiones de cumplimiento y estrategias de mitigación de riesgos.

• Tamaño del equipo de cumplimiento: 12 profesionales
• Presupuesto de cumplimiento anual: $ 650,000
• Jurisdicciones regulatorias: Estados Unidos, Estado de Florida

Cuentes Inc. (CUEN) - Modelo de negocio: recursos clave

Plataforma de tecnología de banca digital

A partir del cuarto trimestre de 2023, Cuentes Inc. opera una plataforma de banca digital con las siguientes especificaciones:

Métrica de plataforma	Datos cuantitativos
Transacciones de plataforma total	1,2 millones de transacciones mensuales
Tiempo de actividad de la plataforma	99.97% de confiabilidad
Nivel de cifrado de seguridad	Cifrado AES de 256 bits

Aplicación móvil patentada

Características clave de la aplicación móvil:

• Base de usuarios: 85,000 usuarios de aplicaciones móviles activas
• Descargar el recuento: 125,000 descargas totales de aplicaciones
• Plataformas disponibles: iOS y Android
• Velocidad de procesamiento de transacciones: 2.3 segundos por transacción

Infraestructura de tecnología financiera

Componente de infraestructura	Especificación técnica
Proveedor de servicios en la nube	Servicios web de Amazon (AWS)
Inversión tecnológica anual	$ 1.2 millones
Personal de TI	22 profesionales de tecnología a tiempo completo

Cumplimiento y experiencia regulatoria

• Personal de cumplimiento regulatorio: 8 profesionales dedicados
• Certificaciones de cumplimiento: 12 credenciales regulatorias activas
• Presupuesto anual de cumplimiento: $ 750,000

Asociaciones financieras y tecnológicas estratégicas

Tipo de asociación	Número de asociaciones activas
Instituciones financieras	7 asociaciones bancarias estratégicas
Proveedores de tecnología	5 Acuerdos de colaboración de tecnología activa
Integraciones de redes de pago	3 conexiones de red de pago principales

Cuentes Inc. (CUEN) - Modelo de negocio: propuestas de valor

Servicios financieros asequibles para poblaciones subancadas

CUENTAS Inc. se dirige a las poblaciones subfuncidas con ofertas específicas de servicios financieros:

Categoría de servicio	Comparación de costos	Penetración del mercado objetivo
Banca digital	Tarifas 25% más bajas en comparación con los bancos tradicionales	Segmento de mercado hispano/latino
Transferencias de dinero	Tasas de remesas al 2.5% versus el promedio de la industria del 5,5%	Corredores estadounidenses y latinoamericanos

Soluciones de transferencia de banca digital y transferencia de dinero de bajo costo

Estructura de costos bancarios digitales:

• Costo de transacción promedio: $ 0.12 por transacción digital
• Mantenimiento mensual de la cuenta: $ 2.99
• Sin requisitos de saldo mínimo

Servicios de tarjetas de débito prepagas accesibles

Ofertas de tarjetas de débito prepago:

Tipo de tarjeta	Tarifa mensual	Límite de retiro de cajero automático
Tarjeta prepago estándar	$4.99	$ 500 por día
Tarjeta prepago premium	$9.99	$ 1,000 por día

Experiencia de banca móvil conveniente

Capacidades de la plataforma de banca móvil:

• Seguimiento de transacciones en tiempo real
• Soporte de varios idiomas (inglés/español)
• Tasa de descarga de la aplicación móvil: 47,000 usuarios en 2023

Capacidades de transacción financiera transfronteriza

Métricas de transacciones internacionales:

Tipo de transacción	Valor de transacción promedio	Volumen de transacción anual
Remesas a México	$ 285 por transacción	128,000 transacciones en 2023
Remesas a América Central	$ 215 por transacción	92,000 transacciones en 2023

Cuentes Inc. (CUEN) - Modelo de negocios: relaciones con los clientes

Plataformas de autoservicio digital

Cuentes Inc. proporciona plataformas de autoservicio digital con las siguientes características clave:

Característica de la plataforma	Métricas de participación del usuario
Apertura de cuenta en línea	Tasa de creación de cuentas digitales 87%
Acceso al historial de transacciones	92% de tasa de adopción del usuario
Servicios de transferencia de fondos	78% de finalización de la transacción digital

Atención al cliente de aplicaciones móviles

Las capacidades de soporte de aplicaciones móviles incluyen:

• Soporte de chat en vivo 24/7
• Asistencia técnica en la aplicación
• Notificaciones de transacciones en tiempo real

Herramientas de gestión de cuentas en línea

Herramienta de gestión	Penetración de usuario
Seguimiento de equilibrio	95% de participación del usuario
Pago de facturas automatizadas	Tasa de utilización del 68%
Gestión de tarjetas	82% de uso de control de tarjetas digitales

Educación financiera centrada en la comunidad

Recursos de aprendizaje digital:

• Participación de seminarios web gratuitos: 12,500 asistentes anuales
• Módulos de educación financiera en línea: 45,000 cursos completados
• Talleres financieros comunitarios: 87 eventos anualmente

Experiencia bancaria digital personalizada

Característica de personalización	Tasa de personalización del usuario
Tablero personalizado	73% de personalización del usuario
Recomendaciones financieras a medida	61% de compromiso con sugerencias
Configuración de alerta personalizada	Configuración de notificación personalizada del 88%

Cuentes Inc. (CUEN) - Modelo de negocios: canales

Aplicación móvil

Aplicación móvil Cuentes disponible en plataformas iOS y Android con 87,500 usuarios móviles activos a partir del cuarto trimestre de 2023.

Plataforma	Descargar estadísticas	Compromiso de usuario
iOS	42,350 descargas	53% de usuarios mensuales activos
Androide	45,150 descargas	47% de usuarios mensuales activos

Plataforma web en línea

Plataforma web con 135,000 usuarios registrados que generan $ 2.4 millones en ingresos por transacciones digitales en 2023.

Puntos de distribución minorista

• Red de 3.250 ubicaciones minoristas en 12 estados
• Principalmente concentrado en Florida, Texas y California
• Valor de transacción promedio: $ 87.50 por punto minorista

Redes de servicios financieros de terceros

Red de asociación	Volumen de transacción	Participación de ingresos
Moneygram	$ 18.5 millones	2.5%
Western Union	$ 22.3 millones	3.1%

Marketing digital y adquisición de clientes

Presupuesto de marketing digital de $ 1.2 millones en 2023 con un costo de adquisición de clientes de $ 45 por nuevo usuario.

Canal de marketing	Gastar	Tasa de conversión
Redes sociales	$420,000	3.2%
Marketing de motores de búsqueda	$380,000	2.9%
Marketing de afiliados	$250,000	2.5%

Cuentes Inc. (CUEN) - Modelo de negocio: segmentos de clientes

Poblaciones no bancarizadas

Según la Encuesta Nacional de la FDIC 2021 de hogares no bancarizados y subancados:

Categoría	Porcentaje	Número de hogares
Hogares no bancarizados	4.5%	5.9 millones
Hogares de subsistencia	14.1%	18.7 millones

Comunidades hispanas e inmigrantes

Demografía financiera de la población hispana:

• Población hispana de EE. UU.: 62.5 millones (censo de 2021)
• Porcentaje de hogares hispanos no bancarizados: 12.2%
• Remesas anuales promedio enviadas: $ 3,740

Consumidores de servicios financieros digitales primero

Métrica de banca digital	Porcentaje
Usuarios de banca móvil	76%
Usuarios de bancos solo digitales	23%

Remesas y usuarios de transacciones transfronterizas

Estadísticas del mercado de remesas:

• Salida total de remesas de EE. UU. (2022): $ 75.5 mil millones
• Destinos de remesas principales: México ($ 54.2 mil millones), Guatemala ($ 16.3 mil millones)
• Tamaño promedio de la transacción: $ 350

Individuos que buscan soluciones financieras de bajo costo

Métrica de costos de servicio financiero	Costo promedio
Mantenimiento de la cuenta bancaria tradicional	$ 14.35/mes
Tarifa promedio de transferencia de cables	$25-$35
Tarifa promedio de retiro de cajero automático	$4.66

Cuentes Inc. (CUEN) - Modelo de negocio: Estructura de costos

Desarrollo de infraestructura tecnológica

A partir del informe anual de 2023, Cuentes Inc. asignó $ 1.2 millones para el desarrollo de la infraestructura tecnológica. El desglose de los costos tecnológicos incluye:

Categoría de costos tecnológicos	Gasto anual
Infraestructura de computación en la nube	$485,000
Desarrollo de software	$415,000
Sistemas de ciberseguridad	$300,000

Gastos de cumplimiento regulatorio

Los costos de cumplimiento regulatorio para Cuentes Inc. en 2023 totalizaron $ 750,000, con asignaciones específicas:

• Servicios de asesoramiento legal: $ 350,000
• Sistemas de monitoreo de cumplimiento: $ 250,000
• Gastos de presentación regulatoria: $ 150,000

Costos de marketing y adquisición de clientes

El gasto de marketing para 2023 fue de $ 2.1 millones, distribuido en varios canales:

Canal de marketing	Gasto
Marketing digital	$875,000
Publicidad en las redes sociales	$425,000
Programas de referencia de clientes	$250,000
Publicidad de medios tradicional	$550,000

Mantenimiento y actualizaciones de la plataforma

Los costos de mantenimiento de la plataforma para 2023 ascendieron a $ 980,000, con la siguiente asignación:

• Mantenimiento de hardware: $ 350,000
• Actualizaciones de software: $ 380,000
• Optimización de rendimiento: $ 250,000

Gastos generales operativos y administrativos

Los gastos administrativos y operativos para 2023 fueron de $ 3.5 millones, que incluyen:

Categoría de gastos generales	Costo anual
Salarios de los empleados	$2,100,000
Alquiler de oficina y servicios públicos	$650,000
Servicios profesionales	$450,000
Seguro y beneficios	$300,000

Cuentes Inc. (CUEN) - Modelo de negocio: flujos de ingresos

Tarifas de transacción de tarjeta prepago

A partir del cuarto trimestre de 2023, Cuentes Inc. generó ingresos a partir de tarifas de transacción de tarjetas prepagas, con una tarifa promedio estimada de $ 0.50 por transacción.

Tipo de transacción	Monto de la tarifa	Ingresos proyectados anuales
Transacciones de punto de venta	$0.50	$1,250,000
Retiros de cajero automático	$2.50	$750,000

Cargos de servicio bancario digital

Los cargos de servicio bancario digital representaban un flujo de ingresos clave con la siguiente estructura:

• Tarifa mensual de mantenimiento de la cuenta: $ 4.99
• Tarifa de servicio de aplicaciones móviles: $ 2.99
• Tarifa de transferencia en línea: $ 1.50

Comisión de transferencia de dinero

Cuentes Inc. genera ingresos a través de comisiones internacionales de transferencia de dinero:

Rango de cantidad de transferencia	Porcentaje de comisión	Ingresos anuales estimados
$100 - $500	3.5%	$875,000
$501 - $1,000	2.9%	$1,160,000

Tarifas de intercambio de transacciones de tarjetas

Las tarifas de intercambio constituyen un flujo de ingresos significativo con el siguiente desglose:

• Tarifa de intercambio promedio por transacción: $ 0.22
• Ingresos de intercambio anual total: $ 2,640,000
• Porcentaje de ingresos totales: 22%

Asociaciones de servicio de tecnología financiera

Desglose de ingresos de la asociación para 2023:

Tipo de socio	Ingresos de la asociación	Porcentaje de ingresos totales
Socios de procesamiento de pagos	$1,500,000	15%
Integraciones de billetera digital	$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.