Cuentas Co-Founder / Executive Chairman Buys CUEN Shares on Open Market

Cuentas Founder Shows Faith in Potential Market Value of Cuentas

MIAMI, FL / ACCESSWIRE / June 16, 2022 / Cuentas, Inc. (NASDAQ:CUEN)(NASDAQ:CUENW) ("Cuentas"), a leading fintech provider of mobile financial app and payment solutions announces today that its co-founder and Executive Chairman of the Board of Directors, Mr. Shalom Arik Maimon today purchased 32,850 shares of CUEN on the open market.

"My personal investment in CUEN as a founder of the company shows that I have complete faith in the future of Cuentas" said Arik Maimon, Co-Founder & Executive Chairman of Cuentas.

"I sincerely believe that Cuentas' shareprice is undervalued and with the current economic situation and inflation, Cuentas continues to provide important benefits and significant savings to its cardholders in the USA. I believe that Cuentas is in the right place and right time to benefit from changing digital financial services," added Maimon.

About Cuentas

Cuentas, Inc. (Nasdaq:CUEN & CUENW) is a fintech e-finance and e-commerce service provider with proprietary technology that delivers digital financial services to the underbanked and un-banked Hispanic, Latino and immigrant populations including mobile and financial services, prepaid debit card, ACH and mobile deposits, cash remittance, peer to peer money transferring, and other services. The Cuentas General Purpose Reloadable (GPR) Card includes a digital wallet, discounts for purchases at major physical and online retailers, rewards, and the ability to purchase digital content. For more information, visit https://cuentas.com.

Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in section 27a of the United States Securities Act of 1933, as amended, and section 21e of the United States Securities Exchange Act of 1934, as amended. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Except for the historical information presented herein, matters discussed in this news release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Statements that are not historical facts, including statements that are preceded by, followed by, or that include such words as "believe," "plan," or "expect" or similar statements are forward-looking statements.

Investor Relations
Cuentas, Inc.
800-611-3622
info@cuentas.com

SOURCE: Cuentas, Inc.