Cuentas Secures $385,000 Convertible Note Financing from World Mobile Group
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Cuentas Inc. has secured $385,000 in financing through two Convertible Note Purchase Agreements with World Mobile Group. The first agreement is for $260,000 and the second for $125,000, both convertible into Cuentas common stock. World Mobile Group can designate a board director while holding at least 5% of the company. The funds will be used for a separation settlement, SEC reporting fees, and a contract. Additionally, Cuentas has entered a license agreement for Fintech assets with Mr. De Prado and issued secured promissory notes to him.
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