Singapore, Singapore--(Newsfile Corp. - May 16, 2025) - FingerMotion, Inc. (NASDAQ: FNGR) (the "Company" or "FingerMotion"), a mobile services, data, and technology company, is pleased to announce that its subsidiary Finger Motion Financial Company Limited ("Finger Motion Financial") has signed an agreement with PT Mach Wireless Teknologi ("Mach Wireless") to deploy and scale its proprietary AI-powered insurance risk rating platform in the Indonesian market.
The platform reflects years of experience working with insurers and leveraging proprietary data technologies to address real-world underwriting challenges. Under this agreement, an enhanced version of the platform is to be developed to align with the specific requirements of the Indonesian market, supporting underwriting for motor, health, and life insurance, while ensuring compatibility with local infrastructure and regulatory standards.
Leveraging Finger Motion Financial's proprietary machine learning models, data processing engines, and advanced risk analytics, the platform is expected to be engineered to provide a seamless integration into Indonesia's telco-insurance ecosystem, empowering telecom operators and insurers to collaborate effectively to deliver digital insurance products that are smarter, more accessible, and highly personalized. This partnership with Mach Wireless is expected to also assist in identifying and engaging appropriate local solution providers, such as insurance companies, ride-hailing platforms, and telematics services, to strengthen and expand the ecosystem.
"Our entry into Indonesia represents a key milestone in FingerMotion's strategic expansion across Southeast Asia," stated Martin Shen, CEO of FingerMotion. "This platform aims to establish a strong telco-insurance ecosystem through collaboration between telecom operators and insurers. In partnership with Mach Wireless, we are finalizing an agreement with a major telecommunications provider in Indonesia, which is expected to accelerate adoption and scalability. By combining our proprietary AI and big data technologies with strong local partnerships, we are creating scalable solutions that have the potential to transform the delivery of digital insurance in emerging markets."
FingerMotion is dedicated to driving innovation in artificial intelligence and big data analytics. Through Finger Motion Financial, the Company continually enhances its technological capabilities to support intelligent decision-making, optimize operations, and improve customer engagement. This strategic approach strengthens FingerMotion's position across high-growth sectors such as telecommunications, financial services, and insurance, thereby generating long-term value for its partners and shareholders.
About FingerMotion, Inc.
FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. 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 on FingerMotion, visit: https://fingermotion.com/
Company Contact:
FingerMotion, Inc.
For further information e-mail: info@fingermotion.com
Phone: 718-269-3366
Investor Relations Contact:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, NY 10036
Office: (646) 893-5835
Email: info@skylineccg.com
Safe Harbor Statement
Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States securities laws. These statements relate to analysis and other information that are based on forecasts or future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". We have based these forward-looking statements on our current expectations about future events or performance. While we believe these expectations are reasonable, such forward-looking statements are inherently subject to risks and uncertainties, many of which are beyond our control. Our actual future results may differ materially from those discussed or implied in our forward-looking statements for various reasons. Factors that could contribute to such differences include, but are not limited to: international, national and local general economic and market conditions; demographic changes; the ability of the Company to sustain, manage or forecast its growth; the ability of the Company to manage its VIE contracts; the ability of the Company to maintain its relationships and licenses in China; adverse publicity; competition and changes in the Chinese telecommunications market; fluctuations and difficulty in forecasting operating results; business disruptions, such as technological failures and/or cybersecurity breaches; and the other factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. The forward-looking statements included in this release are made only as of the date hereof. For forward-looking statements in this news release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Report Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This news release shall not constitute an offer to sell or the solicitation of any offer to buy our securities.
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SOURCE: FingerMotion, Inc.
