SWISF - InvestorNewsBreaks - Sekur Private Data Makes a Strategic Entry into the Multi-Billion Dollar Telecom and Fintech Markets Bolstered by over $5 Million in Capital Contributions from Cuentas Inc.
Sekur Private Data (CSE: SKUR) (OTCQB: SWISF) (FSE: GDT0), a premier Swiss-hosted secure and private communications platform, has signed a letter of intent marking the company’s deliberate expansion into the telecom and fintech markets. According to the announcement, Sekur signed an agreement for a planned contribution of a mobile virtual network operator (“MVNO”) telecommunications company; the agreement also outlined details of a $500,000 cash infusion into Sekur Private Data by Cuentas Inc. (OTC: CUEN). Headquartered in Miami, Florida, Cuentas seamlessly integrates fintech, mobile telecommunications and real estate to serve the Hispanic demographic, particularly unbanked and underbanked communities. The contribution Cuentas is making is earmarked to supercharge Sekur’s marketing and sales initiatives as well as fueling software development endeavors and elevating the standards of customer care. The announcement also noted that Sekur will acquire full ownership of Meimoun & Mammon LLC, operating as M&M Telecom, in an all-restricted-shares transaction. The deal aligns with the capital injection valuation. The announcement also stated that, following the definitive agreement, CUEN’s leadership will be integrated into Sekur's board of directors. “The acquisition of the MVNO operation marks a significant milestone in service excellence, setting new standards in oversight and safety for both individual and corporate clients,” stated the company in the press release. “Managed by M&M Telecom, Cuentas Mobile will now feature Sekur's extensive array of Swiss-hosted security solutions — including encrypted email, secure messaging, privacy-focused VPN, and soon, secure video conferencing. This strategic integration is tailored to propel Sekur into both the corporate and retail spheres, ensuring unmatched security and confidentiality for all users.”
To view the full press release, visit https://ibn.fm/jxtrk
About Sekur Private Data Ltd.
Sekur Private Data is a cybersecurity and internet privacy provider of Swiss-hosted solutions for secure communications and secure data management. The company distributes a suite of encrypted e-mails, secure messengers and secure communication tools. Sekur Private Data sells its products through its own website as well as through approved distributors and telecommunications companies around the world. The company serves consumers, businesses and governments worldwide. For more information, visit the company’s website at www.Sekur.com.
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