Cuentas Secures $385,000 Convertible Note Financing from World Mobile Group

Cuentas Inc. has entered into two Convertible Note Purchase Agreements with World Mobile Group Ltd., totaling $385,000 in principal. The first agreement, dated September 22, 2025, is for $260,000, while the second, dated October 1, 2025, is for $125,000. The notes are convertible into shares of Cuentas common stock, and as part of the agreements, World Mobile Group has the right to designate a board director while holding at least 5% of the company. Proceeds from the financings will be used to pay a $110,000 separation settlement to Michael De Prado, cover SEC reporting fees, and fund the “Plum Contract.” Additionally, Cuentas entered into a 16-month license agreement for Fintech assets with Mr. De Prado and issued secured promissory notes to him in connection with his departure. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cuentas Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-101868), on October 24, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here