New York State Common Retirement Fund Purchases Shares of 44,259 Tingo Group, Inc. (NASDAQ:TIO)

The New York State Common Retirement Fund (NYSCRF) has recently purchased shares of Tingo Group, Inc. NASDAQTIO. This investment was made as part of the fund's ongoing efforts to diversify its portfolio and invest in companies that have strong growth potential.

Tingo Group, Inc. is a leading provider of cloud-based software solutions for the insurance industry. The company offers a range of products and services, including policy administration, claims management, and underwriting. Tingo's software solutions are designed to help insurers streamline their operations, reduce costs, and improve customer service.

The NYSCRF is one of the largest pension funds in the United States, with assets under management of over $200 billion. The fund invests on behalf of more than 1 million public sector employees and retirees in New York State. The fund's investment strategy is focused on achieving long-term growth and generating competitive returns for its beneficiaries.

The purchase of shares in Tingo Group, Inc. NASDAQTIO represents a significant investment for the NYSCRF. The fund has been closely monitoring the company's performance and growth prospects and believes that it has strong potential to deliver long-term value for its shareholders.

Tingo Group, Inc. has seen strong growth in recent years, with revenue increasing by more than 50% in 2019. The company has also expanded its customer base, adding new insurers and growing its presence in key markets.

Overall, the NYSCRF's investment in Tingo Group, Inc. NASDAQTIO is a strategic move that aligns with the fund's long-term investment objectives and reflects its commitment to investing in companies with strong growth potential.