- FingerMotion currently targets over one billion users within the Chinese market
- The company is a crucial player within the telecommunications and insurtech markets, which are projected to post CAGRs of 5% and 48% from 2020-2025 and 2021-2028, respectively
- Progress is seen by the company’s move to form a collaborative alliance with Munich Re, through JiuGe, its wholly-owned subsidiary
FingerMotion (OTCQX: FNGR) has defined itself as an evolving technology company that is constantly pushing boundaries in telecommunications, big data insights, and Rich Communication Services (“RCS”), among others. Its focus on the Chinese market has made it a force to be reckoned with, evidenced by its growing year-over-year revenue since its founding in 2016.
FNGR is driven by the desire to serve over one billion users within the Chinese market, with plans to expand its model to other markets. Under the leadership of Martin J. Shen, the company’s Chief Executive Officer (“CEO”), FNGR has made some incredible achievements as it works towards this ultimate goal. Its most recent milestone was forming a collaborative research alliance between Munich Re and Shanghai JiuGe Information Technology Co. Ltd., FNGR’s wholly-owned subsidiary (https://ibn.fm/QWPeR).
This alliance will create value for end insurance customers and insurers through better technology, customer experience, and product offerings. It will utilize Sapientus, FNGR’s proprietary technology platform representing everything the company stands for and what it works towards. It is an advanced platform that pushes innovation to achieve previously unattainable insights by mining behavioral patterns and distinctive features, thereby extracting insights to drive better claim management decisions and increase underwriting efficacy.
Through proprietary platforms and technologies such as these, FNGR is slowly positioning itself to capitalize on two critical industries within the Chinese market- insurtech and telecom. Globally, the telecommunications market is expected to post a CAGR of 5% from 2020 to 2025, mainly driven by the growing adoption of 5G, coupled with the increased popularity of Internet of Things (“IoT”) applications (https://ibn.fm/qQ3kv).
The Chinese telecom market is steadily growing, with the same trend reflecting on the insurtech industry. The latter was valued at $2.72 billion globally in 2020 and is expected to post a CAGR of 48.8% over the forecast period (2021 to 2028) (https://ibn.fm/hcgY4). FNGR plans to capitalize on this growth by laying down a solid foundation for growth and forging healthy partnerships with key players in the market.
So far, FNGR’s four primary offerings all leverage technology and innovation to improve the lifestyle of the public. But, more importantly, the company is further investing in its research and development to increase value for its shareholders. This indicates an enterprise that is as committed to the end consumer as it is to shareholders, an aspect that sets it apart from other players in the industry. This positions FNGR for inevitable growth as time progresses.
The impact of FNGR’s operations, strategic investments, technologies, and innovations are not just being felt within the Chinese market. Instead, it goes beyond China, making FNGR a key player in the global telecommunications and insurtech markets.
For more information, visit the company’s website at www.FingerMotion.com.
NOTE TO INVESTORS: The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR
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