Key Takeaways
- AFFU has secured over €6.4 million in contracts, solidifying its expansion into the U.S. market.
- New leadership under Oscar Brito aims to enhance business development and operational growth.
- Strategic focus includes smart cities and IoT technologies across Europe, Asia, and Central Africa.
Growth and Expansion Initiatives
Affluence Corporation (AFFU.OTCID) is a global technology company specializing in smart city and industry software, leveraging IoT, AI, 5G, and edge technologies. The company is strategically focusing on expanding its operations in the United States to enhance its market footprint.
On July 22, AFFU announced that its subsidiaries secured over €6.4 million in signed contracts in the first half of 2025, signifying strong commercial traction across Europe, Asia, and Central Africa. Of this amount, €2.95 million has already been billed, reflecting robust demand for AFFU’s technology solutions, particularly in smart cities and industrial IoT.
Recognizing the potential of the U.S. market, AFFU is accelerating its business development efforts. The company has multiple projects underway, expecting significant growth in its U.S. pipeline in the latter half of 2025. Key initiatives include onboarding new municipal and enterprise clients and pursuing acquisitions in high-margin verticals.
The mid-year update released on July 7 highlighted that AFFU’s subsidiaries, including Mingothings (MTi) and OneMind Technologies, are making substantial progress in securing contracts and establishing partnerships. These encompass a diverse range of customers, such as European defense integrators and Asian government agencies, aligning with AFFU’s strategic focus for 2025.
With the appointment of Oscar Brito as President on June 12, the company aims to enhance its acquisition strategy and operational efficiency. Mr. Brito brings extensive experience in private equity, capital formation, and mergers and acquisitions, having successfully raised over $600 million in various sectors. His expertise is set to bolster AFFU’s growth trajectory, especially in smart city and IoT industries.
Mingothings has recently finalized contracts worth over €3 million, reinforcing its capability to deliver technology solutions that address critical infrastructure needs. As AFFU navigates a growing landscape of opportunities, the company remains committed to maintaining transparency and delivering results to its stakeholders.
Looking ahead, AFFU is poised for further expansion, with a focus on creating a unified platform that integrates emerging technologies for next-generation applications. The leadership is optimistic about delivering measurable outcomes as it progresses in its strategic initiatives across global markets.
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