Tingo, Inc. (IWBB) Corporate Media Kit

Exist ing device f inancing products do not target rural consumers There is signi f icant latent demand for af fordable mobi le devices in rural areas Tingo Mobi le devices meet a need for customer access 7 14 0 2001 2014 2017 Number of devices sold H1 2020 H2 2020 § Mob i l e dev i ce s r ecogn i zed as a va l uab l e a i d t o acce s s i ng gove r nmen t s uppo r t p r og r ams r each i ng poc ke t s of dema nd § L ow- end mob i l e dev i ce s cos t $70 - $100 . Una f f o r dab l e as a one - o ff exp ens e § T i ngo’ s ex tens i ve cus tomer database represen t s a compet i t i ve advantage – Va l uab l e KYC i n f o rma t i on – I n s i gh t s i n t o f a rmi ng expend i t u r e pa t t e r n s – Mas s i ve Oppo r t un i t y t o ups e l l T i ngo b r anded s e r v i ce s l i ke Nwas sa , T i ngoPay e t c . t o t he cap t i ve u se r bas e § Cos t o f s e r v i ng r u r a l con s ume r s w i de l y v i ewed as p r ohib it ively hig h § T i ngo cu s t ome r da t abas e and pa r t ne r s h i p w i t h l oca l gove r nmen t and coope r a t i ve s comb i ne f o r l ow Cu s t ome r Acqu i s i t i on Cos t § I n s i gh t s , r e l a t i on s h i p s and a f f o r dab l e f i nanc i ng t e rms co nt r ib u t e t o lo w lo s s exp er ience – T yp i ca l mon t h l y r epaymen t o f N2 , 000 i s c . 3% o f mon t h l y wa l l e t i ncome w i t h i n t he T i ngo Ecos y s t em – L e s s t han 2% l os s r a t i o 21 17 20M+ 17 DEVICES SOLD