FingerMotion (OTCQX: FNGR) is playing a part in the growth of insurtech, an industry that has turned 2021 into a record year for business with deals that have already outpaced all of 2020, by approximately 48%, as of the end of the third quarter. FingerMotion inked a big data outlook deal with global insurer Pacific Life early in the year to provide data analytics for Pacific Life’s Re-insurance division. The company also added two brands that will generate value-add underwriting services by covering mobile consumer device maintenance needs. “FingerMotion’s revenue generator is its mobile device tech services division, which grew 142% year-over-year in its telecommunications products and services business sector and 25% quarterly in its SMS (texting) and MMS (phone photo, video and audio sharing) sectors as of the most recent financial report in October,” reads a recent article. “But the company anticipates the latest insurtech services will begin to come online early next year and generate new revenue channels in several of China’s provinces.”
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About FingerMotion Inc.
FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. It is one of only a few companies in China with access to wholesale rechargeable minutes from China’s largest mobile phone providers that can be resold to consumers. As the user base of its primary business continues to grow, the company is developing additional value-added technologies to market to its users. The vision of the company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets. For more information about the company, visit www.FingerMotion.com.
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