Tingo Mobile
“Can a Nigerian mobile-agriculture platform bundle POS payments, wallet, and lending into a super-app for African SMEs and farmers?”
Founded2000
HQLagos, Nigeria
IndustryFintech / Mobile payments
The story
Tingo Mobile positions itself as an Agri-Fintech based in Nigeria, operating TingoPay (payments/POS) and Nwassa (agricultural marketplace) as its core products. It became a subsidiary of Nasdaq-listed Tingo Group in 2022. The company was subsequently the subject of an SEC fraud action against Tingo Group challenging the substance of its operations, casting significant doubt on the real scale of its embedded finance footprint.
Last 12 months
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Product timeline
2000
Tingo Mobile founded in Nigeria as a mobile technology company.· founding
2022
Launched Tingo Pay SuperApp, a multi-payment financial application for SMEs and bank customers.· banking
2022
Parent Tingo Group listed on Nasdaq under ticker TIO (10-K for FY2022).· ipo
2023
Tingo Group faced SEC fraud allegations calling into question the veracity of reported financials and customer counts.· regulatory
The stack
2 layers disclosed in Tingo Mobile’s embedded-finance stack
Payments / PSP
TingoPay (self-operated)
Lending
in the full report
Accounting gap: significant
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.