Cuentas Inc. (Cuen): Modelo de negócios Canvas [Jan-2025 Atualizado]

No cenário dinâmico do banco digital, a Cuentas Inc. (Cuen) surge como uma força transformadora, pioneira em soluções financeiras acessíveis para comunidades carentes. Com um foco nítido em acessibilidade e inovação, esta empresa de tecnologia financeira criou um modelo de negócios exclusivo que preenche lacunas críticas no setor bancário tradicional, principalmente para populações hispânicas e imigrantes que buscam serviços financeiros digitais convenientes e de baixo custo. Ao alavancar a tecnologia móvel de ponta e as parcerias estratégicas, a Cuentas está redefinindo a inclusão financeira, oferecendo um conjunto abrangente de ferramentas bancárias digitais que capacitam os indivíduos tradicionalmente ignorados pelas principais instituições financeiras.

Cuentas Inc. (Cuen) - Modelo de Negócios: Principais Parcerias

Operadores de rede móvel para infraestrutura bancária digital

Parceiro	Escopo de serviço	Detalhes da parceria
T-Mobile	Cobertura de rede móvel	Suporte de infraestrutura bancária digital
AT&T	Conectividade de rede	Infraestrutura de pagamento móvel

Processadores de pagamento e plataformas de tecnologia financeira

Parceiro	Volume de transação	Valor anual de processamento
Visa	Transações mensais de US $ 1,2 milhão	US $ 14,4 milhões anualmente
MasterCard	US $ 980.000 transações mensais	US $ 11,76 milhões anualmente

Parceiros de varejo e distribuição para serviços de cartão pré -pago

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

Provedores de solução de tecnologia e segurança cibernética

Provedor	Serviços de segurança	Valor do contrato
Cloudflare	Segurança de rede	US $ 420.000 anualmente
OKTA	Gerenciamento de identidade	US $ 350.000 anualmente

Colaboradores de serviços bancários e de conformidade financeira

• Conformidade Solutions Inc.
• Serviços regulatórios da FinTech
• Parceiros de monitoramento da LBC

Cuentas Inc. (Cuen) - Modelo de Negócios: Atividades -chave

Desenvolvimento e manutenção da plataforma bancária digital

A Cuentas Inc. investiu US $ 1,2 milhão em infraestrutura de plataforma digital em 2023. Desenvolvimento da plataforma focada em recursos bancários móveis e serviços financeiros transfronteiriços.

Métrica da plataforma	2023 dados
Despesas de desenvolvimento total da plataforma	$1,200,000
Downloads de aplicativos móveis	87,456
Contas de usuário ativas	42,310

Emissão e gerenciamento de cartões de débito pré -pago

Cuentas gerencia programas de cartões de débito pré -pagos com características transacionais específicas.

Métrica do programa de cartões	2023 Estatísticas
Total de cartões pré -pagos emitidos	53,200
Volume anual de transações	US $ 14,3 milhões
Balanço médio de cartão	$276

Serviços de transferência de dinheiro móvel e remessa

A Cuentas facilita as transferências internacionais de dinheiro com métricas operacionais específicas.

• Volume total de remessa: US $ 22,7 milhões em 2023
• Valor médio de transferência: US $ 345
• Corredores de remessas primárias: Estados Unidos para a América Latina

Inovação de produtos de tecnologia financeira

Despesas de pesquisa e desenvolvimento dedicadas à inovação da fintech.

Métrica de inovação	2023 dados
Despesas de P&D	$780,000
Novos lançamentos de produtos	3
Aplicações de patentes	2

Conformidade regulatória e gerenciamento de riscos

Investimentos de conformidade e estratégias de mitigação de riscos.

• Tamanho da equipe de conformidade: 12 profissionais
• Orçamento anual de conformidade: US $ 650.000
• Jurisdições regulatórias: Estados Unidos, Estado da Flórida

Cuentas Inc. (Cuen) - Modelo de Negócios: Recursos Principais

Plataforma de tecnologia bancária digital

A partir do quarto trimestre 2023, a Cuentas Inc. opera uma plataforma bancária digital com as seguintes especificações:

Métrica da plataforma	Dados quantitativos
Total de transações da plataforma	1,2 milhão de transações mensais
Tempo de atividade da plataforma	99,97% de confiabilidade
Nível de criptografia de segurança	Criptografia AES de 256 bits

Aplicativo móvel proprietário

Características -chave do aplicativo móvel:

• Base de usuário: 85.000 usuários ativos de aplicativos móveis
• Download contagem: 125.000 downloads totais de aplicativos
• Plataformas disponíveis: iOS e Android
• Velocidade de processamento da transação: 2,3 segundos por transação

Infraestrutura de tecnologia financeira

Componente de infraestrutura	Especificação técnica
Provedor de serviços em nuvem	Amazon Web Services (AWS)
Investimento de tecnologia anual	US $ 1,2 milhão
Equipe de TI	22 profissionais de tecnologia em tempo integral

Conformidade e experiência regulatória

• Equipe de conformidade regulatória: 8 profissionais dedicados
• Certificações de conformidade: 12 credenciais regulatórias ativas
• Orçamento anual de conformidade: US $ 750.000

Parcerias financeiras e tecnológicas estratégicas

Tipo de parceria	Número de parcerias ativas
Instituições financeiras	7 parcerias bancárias estratégicas
Fornecedores de tecnologia	5 Acordos de colaboração de tecnologia ativa
Integrações de rede de pagamento	3 conexões de rede de pagamento principais

Cuentas Inc. (Cuen) - Modelo de Negócios: Proposições de Valor

Serviços financeiros acessíveis para populações com disposição

A Cuentas Inc. tem como alvo populações de classificação com ofertas específicas de serviços financeiros:

Categoria de serviço	Comparação de custos	Penetração do mercado -alvo
Banco digital	25% taxas mais baixas em comparação aos bancos tradicionais	Segmento de mercado hispânico/latino
Transferências de dinheiro	Taxas de remessa em 2,5% versus média da indústria de 5,5%	Corredores americanos e latino -americanos

Soluções bancárias digitais e de transferência de dinheiro de baixo custo

Estrutura de custo bancário digital:

• Custo médio da transação: US $ 0,12 por transação digital
• Manutenção da conta mensal: US $ 2,99
• Sem requisitos de saldo mínimo

Serviços de cartão de débito pré -pago acessíveis

Ofertas de cartão de débito pré -pago:

Tipo de cartão	Taxa mensal	Limite de retirada do caixa eletrônico
Cartão pré -pago padrão	$4.99	US $ 500 por dia
Cartão pré -pago premium	$9.99	US $ 1.000 por dia

Experiência bancária móvel conveniente

Recursos de plataforma bancária móvel:

• Rastreamento de transações em tempo real
• Suporte multi-linguagem (inglês/espanhol)
• Taxa de download de aplicativos móveis: 47.000 usuários em 2023

Capacidades de transação financeira transfronteiriça

Métricas de transação internacional:

Tipo de transação	Valor médio da transação	Volume anual de transações
Remessas para o México	US $ 285 por transação	128.000 transações em 2023
Remessas para a América Central	US $ 215 por transação	92.000 transações em 2023

Cuentas Inc. (Cuen) - Modelo de Negócios: Relacionamentos do Cliente

Plataformas de autoatendimento digital

A Cuentas Inc. fornece plataformas de autoatendimento digital com os seguintes recursos principais:

Recurso da plataforma	Métricas de engajamento do usuário
Abertura da conta on -line	Taxa de criação de contas digitais de 87%
Acesso ao histórico de transações	92% da taxa de adoção do usuário
Serviços de transferência de fundos	78% de conclusão de transação digital

Suporte ao cliente de aplicativo móvel

Os recursos de suporte de aplicativos móveis incluem:

• Suporte de bate -papo ao vivo 24 horas por dia, 7 dias por semana
• Assistência técnica no aplicativo
• Notificações de transações em tempo real

Ferramentas de gerenciamento de contas online

Ferramenta de gerenciamento	Penetração do usuário
Rastreamento de equilíbrio	95% de envolvimento do usuário
Pagamento de conta automatizada	Taxa de utilização de 68%
Gerenciamento de cartões	82% de uso de controle de cartão digital

Educação financeira focada na comunidade

Recursos de aprendizado digital:

• Participação gratuita para on -line: 12.500 participantes anuais
• Módulos online de alfabetização financeira: 45.000 cursos concluídos
• Oficinas financeiras comunitárias: 87 eventos anualmente

Experiência bancária digital personalizada

Recurso de personalização	Taxa de personalização do usuário
Painel personalizado	73% de personalização do usuário
Recomendações financeiras personalizadas	61% de envolvimento com sugestões
Configurações de alerta personalizadas	Configuração de notificação personalizada de 88%

Cuentas Inc. (Cuen) - Modelo de Negócios: Canais

Aplicativo móvel

Cuentas Mobile App disponível em plataformas iOS e Android com 87.500 usuários móveis ativos no quarto trimestre 2023.

Plataforma	Baixar estatísticas	Engajamento do usuário
iOS	42.350 Downloads	53% de usuários mensais ativos
Android	45.150 Downloads	47% de usuários mensais ativos

Plataforma da Web online

Plataforma da Web com 135.000 usuários registrados gerando US $ 2,4 milhões em receita de transação digital em 2023.

Pontos de distribuição de varejo

• Rede de 3.250 locais de varejo em 12 estados
• Concentrado principalmente na Flórida, Texas e Califórnia
• Valor médio da transação: US $ 87,50 por ponto de varejo

Redes de serviços financeiros de terceiros

Rede de parceiros	Volume de transação	Participação de receita
MoneyGram	US $ 18,5 milhões	2.5%
Western Union	US $ 22,3 milhões	3.1%

Marketing digital e aquisição de clientes

Orçamento de marketing digital de US $ 1,2 milhão em 2023, com custo de aquisição de clientes de US $ 45 por novo usuário.

Canal de marketing	Gastar	Taxa de conversão
Mídia social	$420,000	3.2%
Marketing de mecanismo de pesquisa	$380,000	2.9%
Marketing de afiliados	$250,000	2.5%

Cuentas Inc. (Cuen) - Modelo de Negócios: Segmentos de Clientes

Populações não bancárias e insuficientes

De acordo com a Pesquisa Nacional do FDIC 2021 de famílias não bancárias e insuficientes:

Categoria	Percentagem	Número de famílias
Famílias não bancárias	4.5%	5,9 milhões
Famílias mal divulgadas	14.1%	18,7 milhões

Comunidades hispânicas e imigrantes

Demografia financeira da população hispânica:

• População hispânica dos EUA: 62,5 milhões (censo de 2021)
• Porcentagem de famílias hispânicas não bancárias: 12,2%
• Remessa média anual enviada: US $ 3.740

Consumidores de Serviço Financeiro Primeiro

Métrica bancária digital	Percentagem
Usuários bancários móveis	76%
Usuários bancários somente digital	23%

Usuários de remessas e transações transfronteiriças

Estatísticas do mercado de remessas:

• Saída total de remessas dos EUA (2022): US $ 75,5 bilhões
• Destinos de remessas principais: México (US $ 54,2 bilhões), Guatemala (US $ 16,3 bilhões)
• Tamanho médio da transação: $ 350

Indivíduos que buscam soluções financeiras de baixo custo

Métrica de custo do serviço financeiro	Custo médio
Manutenção de conta bancária tradicional	$ 14,35/mês
Taxa média de transferência de fio	$25-$35
Taxa média de retirada de caixas eletrônicos	$4.66

Cuentas Inc. (Cuen) - Modelo de Negócios: Estrutura de Custo

Desenvolvimento de infraestrutura tecnológica

Até o relatório anual de 2023, a Cuentas Inc. alocou US $ 1,2 milhão para o desenvolvimento de infraestrutura de tecnologia. A quebra dos custos de tecnologia inclui:

Categoria de custo de tecnologia	Despesas anuais
Infraestrutura de computação em nuvem	$485,000
Desenvolvimento de software	$415,000
Sistemas de segurança cibernética	$300,000

Despesas de conformidade regulatória

Os custos de conformidade regulatória da Cuentas Inc. em 2023 totalizaram US $ 750.000, com alocações específicas:

• Serviços de Consultoria Jurídica: US $ 350.000
• Sistemas de monitoramento de conformidade: US $ 250.000
• Despesas de arquivamento regulatório: US $ 150.000

Custos de marketing e aquisição de clientes

As despesas de marketing para 2023 foram de US $ 2,1 milhões, distribuídas em vários canais:

Canal de marketing	Gasto
Marketing digital	$875,000
Publicidade nas mídias sociais	$425,000
Programas de referência ao cliente	$250,000
Publicidade tradicional da mídia	$550,000

Manutenção e atualizações da plataforma

Os custos de manutenção da plataforma para 2023 totalizaram US $ 980.000, com a seguinte alocação:

• Manutenção de hardware: US $ 350.000
• Atualizações de software: US $ 380.000
• Otimização de desempenho: US $ 250.000

Overhead operacional e administrativo

As despesas administrativas e operacionais para 2023 foram de US $ 3,5 milhões, incluindo:

Categoria de sobrecarga	Custo anual
Salários dos funcionários	$2,100,000
Aluguel e utilitários do escritório	$650,000
Serviços profissionais	$450,000
Seguro e benefícios	$300,000

Cuentas Inc. (CUEN) - Modelo de negócios: fluxos de receita

Taxas de transação do cartão pré -pago

A partir do quarto trimestre de 2023, a Cuentas Inc. gerou receita das taxas de transação do cartão pré -pago, com uma taxa média estimada de US $ 0,50 por transação.

Tipo de transação	Valor da taxa	Receita anual projetada
Transações de ponto de venda	$0.50	$1,250,000
Retiradas de caixas eletrônicos	$2.50	$750,000

Cobranças de serviço bancário digital

As cobranças de serviço bancário digital representaram um fluxo de receita importante com a seguinte estrutura:

• Taxa de manutenção da conta mensal: US $ 4,99
• Taxa de serviço de aplicativo móvel: US $ 2,99
• Taxa de transferência online: $ 1,50

Comissão de transferência de dinheiro

A Cuentas Inc. gera receita por meio de comissões internacionais de transferência de dinheiro:

Intervalo de quantidade de transferência	Porcentagem de comissão	Receita anual estimada
$100 - $500	3.5%	$875,000
$501 - $1,000	2.9%	$1,160,000

Taxas de intercâmbio de transações de cartões

As taxas de intercâmbio constituem um fluxo de receita significativo com a seguinte quebra:

• Taxa média de intercâmbio por transação: $ 0,22
• Receita anual total do intercâmbio: US $ 2.640.000
• Porcentagem de receita total: 22%

Parcerias de Serviço de Tecnologia Financeira

Parceria Receita de Receita para 2023:

Tipo de parceiro	Receita de parceria	Porcentagem da receita total
Parceiros de processamento de pagamentos	$1,500,000	15%
Integrações da carteira 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.