CUentas Inc. (CUEN): Canvas du modèle d'entreprise [Jan-2025 MISE À JOUR]

Dans le paysage dynamique de la banque numérique, Cuentas Inc. (Cuen) apparaît comme une force transformatrice, pionnière des solutions financières abordables pour les communautés mal desservies. Avec un accent accéléré sur l'accessibilité et l'innovation, cette société de technologie financière a conçu un modèle commercial unique qui comble les lacunes critiques dans les banques traditionnelles, en particulier pour les populations hispaniques et immigrées à la recherche de services financiers numériques à faible coût et pratiques. En tirant parti de la technologie mobile de pointe et des partenariats stratégiques, Cuentas redéfinit l'inclusion financière, offrant une suite complète d'outils bancaires numériques qui permettent aux individus traditionnellement négligés par les institutions financières traditionnelles.

CUentas Inc. (CUEN) - Modèle d'entreprise: partenariats clés

Opérateurs de réseaux mobiles pour l'infrastructure bancaire numérique

Partenaire	Portée du service	Détails du partenariat
T-mobile	Couverture du réseau mobile	Support d'infrastructure bancaire numérique
AT&T	Connectivité réseau	Infrastructure de paiement mobile

Processeurs de paiement et plateformes de technologie financière

Partenaire	Volume de transaction	Valeur de traitement annuelle
Visa	Transactions mensuelles de 1,2 million de dollars	14,4 millions de dollars par an
MasterCard	980 000 $ Transactions mensuelles	11,76 millions de dollars par an

Partenaires de vente au détail et de distribution pour les services de cartes prépayées

• Walmart
• Pharmacie CVS
• 7-Eleven
• Dollar général

Provideurs de solutions de technologie et de cybersécurité

Fournisseur	Services de sécurité	Valeur du contrat
Cloudflare	Sécurité du réseau	420 000 $ par an
Okta	Gestion de l'identité	350 000 $ par an

Collaborateurs du service bancaire et de la conformité financière

• Compliance Solutions Inc.
• Services de réglementation fintech
• Partenaires de surveillance AML

CUentas Inc. (CUEN) - Modèle d'entreprise: Activités clés

Développement et maintenance de la plate-forme bancaire numérique

Cuentas Inc. a investi 1,2 million de dollars dans l'infrastructure de plate-forme numérique en 2023. Le développement de la plate-forme s'est concentré sur les capacités de la banque mobile et les services financiers transfrontaliers.

Métrique de la plate-forme	2023 données
Dépenses totales de développement de la plate-forme	$1,200,000
Téléchargements d'applications mobiles	87,456
Comptes d'utilisateurs actifs	42,310

Émission et gestion des cartes de débit prépayées

Cuentas gère des programmes de carte de débit prépayés avec des caractéristiques transactionnelles spécifiques.

Métrique du programme de cartes	2023 statistiques
Cartes totales prépayées émises	53,200
Volume de transaction annuel	14,3 millions de dollars
Solde moyen de la carte	$276

Services de transfert et de transfert d'argent mobile

Cuentas facilite les transferts d'argent internationaux avec des mesures opérationnelles spécifiques.

• Volume total des envois de fonds: 22,7 millions de dollars en 2023
• Montant de transfert moyen: 345 $
• Corridors de versement primaires: États-Unis en Amérique latine

Innovation de produit de la technologie financière

Dépenses de recherche et développement dédiées à l'innovation fintech.

Métrique d'innovation	2023 données
Dépenses de R&D	$780,000
Lancements de nouveaux produits	3
Demandes de brevet	2

Compliance réglementaire et gestion des risques

Investissements de conformité et stratégies d'atténuation des risques.

• Taille de l'équipe de conformité: 12 professionnels
• Budget de conformité annuel: 650 000 $
• Juridictions réglementaires: États-Unis, État de Floride

CUentas Inc. (CUEN) - Modèle d'entreprise: Ressources clés

Plateforme de technologie bancaire numérique

Au quatrième trimestre 2023, Cuentas Inc. exploite une plate-forme bancaire numérique avec les spécifications suivantes:

Métrique de la plate-forme	Données quantitatives
Total des transactions de plate-forme	1,2 million de transactions mensuelles
Time de disponibilité de la plate-forme	Fiabilité de 99,97%
Niveau de chiffrement de sécurité	Cryptage AES 256 bits

Application mobile propriétaire

Caractéristiques clés de l'application mobile:

• Base d'utilisateurs: 85 000 utilisateurs de l'application mobile actifs
• Téléchargement Count: 125 000 Total d'applications Téléchargements
• Plateformes disponibles: iOS et Android
• Vitesse de traitement des transactions: 2,3 secondes par transaction

Infrastructure technologique financière

Composant d'infrastructure	Spécifications techniques
Fournisseur de services cloud	Amazon Web Services (AWS)
Investissement technologique annuel	1,2 million de dollars
Personnel informatique	22 professionnels de la technologie à temps plein

Conformité et expertise réglementaire

• Personnel de conformité réglementaire: 8 professionnels dévoués
• Certifications de conformité: 12 titres de compétences réglementaires actives
• Budget de conformité annuel: 750 000 $

Partenariats financiers et technologiques stratégiques

Type de partenariat	Nombre de partenariats actifs
Institutions financières	7 partenariats bancaires stratégiques
Vendeurs technologiques	5 accords de collaboration de technologie active
Intégrations de réseau de paiement	3 Connexions du réseau de paiement majeur

CUentas Inc. (CUEN) - Modèle d'entreprise: propositions de valeur

Services financiers abordables pour les populations sous-bancaires

Cuentas Inc. cible les populations sous-bancaires avec des offres de services financiers spécifiques:

Catégorie de service	Comparaison des coûts	Pénétration du marché cible
Banque numérique	25% de frais inférieurs par rapport aux banques traditionnelles	Segment de marché hispanique / latino
Transferts d'argent	Frais de versement à 2,5% par rapport à la moyenne de l'industrie de 5,5%	Corridors américains et latino-américains

Solutions bancaires numériques à faible coût et transfert d'argent

Structure des coûts bancaires numériques:

• Coût de transaction moyen: 0,12 $ par transaction numérique
• Maintenance mensuelle du compte: 2,99 $
• Aucune exigence de solde minimum

Services de carte de débit prépayés accessibles

Offres de cartes de débit prépayées:

Type de carte	Frais mensuels	Limite de retrait ATM
Carte prépayée standard	$4.99	500 $ par jour
Carte prépayée premium	$9.99	1 000 $ par jour

Expérience de banque mobile pratique

Capitaires de la plate-forme bancaire mobile:

• Suivi des transactions en temps réel
• Support multicangue (anglais / espagnol)
• Taux de téléchargement des applications mobiles: 47 000 utilisateurs en 2023

Capacités de transaction financière transfrontalières

Métriques de transaction internationales:

Type de transaction	Valeur de transaction moyenne	Volume de transaction annuel
Envois de fonds au Mexique	285 $ par transaction	128 000 transactions en 2023
Envois de fonds pour l'Amérique centrale	215 $ par transaction	92 000 transactions en 2023

CUentas Inc. (CUEN) - Modèle d'entreprise: relations avec les clients

Plates-formes de libre-service numériques

Cuentas Inc. fournit des plates-formes en libre-service numériques avec les caractéristiques clés suivantes:

Fonctionnalité de plate-forme	Métriques d'engagement des utilisateurs
Ouverture du compte en ligne	Taux de création de compte numérique à 87%
Accès à l'historique des transactions	Taux d'adoption des utilisateurs à 92%
Services de transfert de fonds	78% d'achèvement des transactions numériques

Support client d'application mobile

Les capacités de support des applications mobiles comprennent:

• Support de chat en direct 24/7
• Assistance technique dans l'application
• Notifications de transaction en temps réel

Outils de gestion des comptes en ligne

Outil de gestion	Pénétration de l'utilisateur
Suivi de l'équilibre	Engagement à 95% des utilisateurs
Payage de facture automatisée	Taux d'utilisation de 68%
Gestion des cartes	82% Utilisation du contrôle des cartes numériques

Éducation financière axée sur la communauté

Ressources d'apprentissage numérique:

• Participation gratuite du webinaire: 12 500 participants annuels
• Modules de littératie financière en ligne: 45 000 cours terminés
• Ateliers financiers communautaires: 87 événements par an

Expérience bancaire numérique personnalisée

Fonction de personnalisation	Taux de personnalisation des utilisateurs
Tableau de bord personnalisé	Personnalisation de 73%
Recommandations financières sur mesure	Engagement de 61% avec des suggestions
Paramètres d'alerte personnalisés	Configuration de la notification personnalisée de 88%

CUentas Inc. (CUEN) - Modèle d'entreprise: canaux

Application mobile

Application mobile CUentas disponible sur les plates-formes iOS et Android avec 87 500 utilisateurs mobiles actifs au T2 2023.

Plate-forme	Télécharger des statistiques	Engagement des utilisateurs
ios	42 350 téléchargements	53% utilisateurs mensuels actifs
Androïde	45 150 téléchargements	47% utilisateurs mensuels actifs

Plate-forme Web en ligne

Plateforme Web avec 135 000 utilisateurs enregistrés générant 2,4 millions de dollars de revenus de transactions numériques en 2023.

Points de distribution de détail

• Réseau de 3 250 emplacements de vente au détail dans 12 États
• Principalement concentré en Floride, au Texas et en Californie
• Valeur de transaction moyenne: 87,50 $ par point de vente

Réseaux de services financiers tiers

Réseau de partenaires	Volume de transaction	Part des revenus
Moneygram	18,5 millions de dollars	2.5%
Western union	22,3 millions de dollars	3.1%

Marketing numérique et acquisition de clients

Budget de marketing numérique de 1,2 million de dollars en 2023 avec un coût d'acquisition du client de 45 $ par nouvel utilisateur.

Canal de marketing	Dépenser	Taux de conversion
Réseaux sociaux	$420,000	3.2%
Marketing des moteurs de recherche	$380,000	2.9%
Marketing d'affiliation	$250,000	2.5%

CUentas Inc. (CUEN) - Modèle d'entreprise: segments de clientèle

Populations non bancarisées et sous-bancarisées

Selon l'enquête nationale de la FDIC 2021 sur les ménages non bancarisés et sous-bancarisés:

Catégorie	Pourcentage	Nombre de ménages
Ménages non bancarisés	4.5%	5,9 millions
Ménages sous-bancés	14.1%	18,7 millions

Communautés hispaniques et immigrantes

Démographie financière de la population hispanique:

• Population hispanique américaine: 62,5 millions (recensement de 2021)
• Pourcentage de ménages hispaniques non bancarisés: 12,2%
• Remitance annuelle moyenne envoyée: 3 740 $

Consommateurs de services financiers numériques au numérique

Métrique bancaire numérique	Pourcentage
Utilisateurs de la banque mobile	76%
Utilisateurs de banques uniquement numériques	23%

Utilisateurs de transactions de versement et transfrontaliers transfrontaliers

Statistiques du marché des envois de fonds:

• Total des fonds de fonds américains (2022): 75,5 milliards de dollars
• Principales destinations de transfert de fonds: Mexique (54,2 milliards de dollars), Guatemala (16,3 milliards de dollars)
• Taille moyenne des transactions: 350 $

Individus à la recherche de solutions financières à faible coût

Métrique du coût du service financier	Coût moyen
Maintenance de compte bancaire traditionnel	14,35 $ / mois
Frais de transfert métallique moyens	$25-$35
Frais de retrait ATM moyen	$4.66

CUentas Inc. (CUEN) - Modèle d'entreprise: Structure des coûts

Développement d'infrastructures technologiques

Depuis le rapport annuel de 2023, Cuentas Inc. a alloué 1,2 million de dollars pour le développement des infrastructures technologiques. La rupture des coûts de la technologie comprend:

Catégorie de coûts technologiques	Dépenses annuelles
Infrastructure de cloud computing	$485,000
Développement de logiciels	$415,000
Systèmes de cybersécurité	$300,000

Frais de conformité réglementaire

Les coûts de conformité réglementaire pour Cuentas Inc. en 2023 ont totalisé 750 000 $, avec des allocations spécifiques:

• Services de conseil juridique: 350 000 $
• Systèmes de surveillance de la conformité: 250 000 $
• Dépenses de dépôt réglementaire: 150 000 $

Coûts de marketing et d'acquisition des clients

Les dépenses de marketing pour 2023 étaient de 2,1 millions de dollars, distribuées sur divers canaux:

Canal de marketing	Dépense
Marketing numérique	$875,000
Publicité sur les réseaux sociaux	$425,000
Programmes de référence client	$250,000
Publicité médiatique traditionnelle	$550,000

Maintenance et mises à niveau de la plate-forme

Les coûts de maintenance des plateformes pour 2023 s'élevaient à 980 000 $, avec la répartition suivante:

• Maintenance matérielle: 350 000 $
• Mises à jour logicielles: 380 000 $
• Optimisation des performances: 250 000 $

Frais généraux opérationnels et administratifs

Les dépenses administratives et opérationnelles pour 2023 étaient de 3,5 millions de dollars, notamment:

Catégorie aérienne	Coût annuel
Salaires des employés	$2,100,000
Loyer de bureau et services publics	$650,000
Services professionnels	$450,000
Assurance et avantages sociaux	$300,000

CUentas Inc. (CUEN) - Modèle d'entreprise: Strots de revenus

Frais de transaction de carte prépayée

Au quatrième trimestre 2023, Cuentas Inc. a généré des revenus à partir des frais de transaction de cartes prépayées, avec des frais moyens estimatifs de 0,50 $ par transaction.

Type de transaction	Montant des frais	Revenus annuels projetés
Transactions de point de vente	$0.50	$1,250,000
Retraits ATM	$2.50	$750,000

Frais de service bancaire numérique

Les frais de service bancaire numérique représentaient une source de revenus clé avec la structure suivante:

• Frais de maintenance du compte mensuel: 4,99 $
• Frais de service d'applications mobiles: 2,99 $
• Frais de transfert en ligne: 1,50 $

Commission de transfert d'argent

Cuentas Inc. génère des revenus grâce à des commissions internationales de transfert d'argent:

Plage de montants de transfert	Pourcentage de commission	Revenus annuels estimés
$100 - $500	3.5%	$875,000
$501 - $1,000	2.9%	$1,160,000

Échange des frais des transactions par carte

Les frais d'échange constituent une source de revenus importante avec la ventilation suivante:

• Frais d'échanges moyens par transaction: 0,22 $
• Revenus de l'échange annuel total: 2 640 000 $
• Pourcentage du chiffre d'affaires total: 22%

Partenariats de services de technologie financière

Répartition des revenus du partenariat pour 2023:

Type de partenaire	Revenus de partenariat	Pourcentage du total des revenus
Partenaires de traitement des paiements	$1,500,000	15%
Intégrations de portefeuille numérique	$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.