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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>As filed with the Securities and Exchange Commission
  on December 30, 2022</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Registration
  No. 333-______________</B></FONT></P>
  
  <!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>UNITED
  STATES</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SECURITIES
  AND EXCHANGE COMMISSION</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Washington,
  D.C. 20549</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>FORM
  S-8</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>REGISTRATION
  STATEMENT UNDER THE SECURITIES ACT OF 1933</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>Cuentas
  Inc.</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Exact
  name of registrant as specified in charter)</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 49%; border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Florida</B></FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 49%; border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>20-3537265</B></FONT></TD></TR>
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(State
  or Other Jurisdiction of<BR>
   Incorporation or Organization)</FONT></P></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(IRS
                                              Employer</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Identification
      No.)</FONT></P></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR STYLE="font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 49%; border-bottom: black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>235
                                              Lincoln Rd., Suite 210</B></FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Miami
      Beach, Florida </B></FONT></P></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 2%; padding-bottom: 1.5pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 49%; border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>33139</B></FONT></TD></TR>
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Address
      of Principal Executive Offices) </FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Zip
      Code)</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.15pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2021
  Share Incentive Plan</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.15pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Full
  Title of the Plan)</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Arik
  Maimon</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Chief
  Executive Officer</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Cuentas
  Inc.</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>235
  Lincoln Rd., Suite 210</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Miami
  Beach, Florida 33139</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Name
  and Address of Agent for Service)</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(800)
  611-3622</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Telephone
  Number, Including Area Code of Agent for Service.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Copy
  to:</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Barry
  I. Grossman, Esq.</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>David
  Selengut, Esq.</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Matthew
  Bernstein, Esq.</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Ellenoff
  Grossman &amp; Schole LLP</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>1345
  Avenue of the Americas, 11th Floor</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>New
  York, New York 10105</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Telephone:
  (212) 370-1300</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Facsimile:
  (212) 370-7889</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indicate
  by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
  company or an emerging growth company. See the definitions of &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer,&rdquo;
  &ldquo;smaller reporting company&rdquo; and &ldquo;emerging growth company&rdquo; in Rule 12b-2 of the Exchange Act. (Check one):</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 25%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Large
      accelerated filer</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 25%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accelerated
      filer</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD></TR>
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Non-accelerated
      filer</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Smaller
      reporting company</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;</FONT></TD></TR>
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Emerging
      growth company</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
  an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
  with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. &#9744;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>
  
  
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Explanatory
  Note</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Registration Statement
  on Form S-8 of Cuentas, Inc. (&ldquo;we,&rdquo; &ldquo;us,&rdquo; &ldquo;our&rdquo; or the &ldquo;Company&rdquo;) has been prepared in
  accordance with the requirements of Form S-8 under the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;), to&nbsp;register
  3,150,000 shares of our common stock, par value $0.001 per share, which may be offered and sold pursuant to 2021 Share Incentive Plan.</P>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Registration Statement
  includes, pursuant to General Instruction E to Form S-8 and Rule 429 of the Securities Act, a re-offer prospectus in Part I (the &ldquo;Reoffer
  Prospectus&rdquo;). The Reoffer Prospectus may be utilized for re-offerings and resales by certain executive officers and directors listed
  in the Reoffer Prospectus who may be deemed &ldquo;affiliates&rdquo; of the Company on a continuous or a delayed basis in the future of
  up to 3,150,000 shares of common stock. These shares constitute &ldquo;control securities&rdquo; or &ldquo;restricted securities&rdquo;
  which have been issued prior to or issuable after the filing of this Registration Statement. The Reoffer Prospectus does not contain all
  of the information included in the Registration Statement, certain items of which are contained in schedules and exhibits to the Registration
  Statement, as permitted by the rules and regulations of the SEC. Statements contained in this Reoffer Prospectus as to the contents of
  any agreement, instrument or other document referred to are not necessarily complete. With respect to each such agreement, instrument
  or other document filed as an exhibit to the Registration Statement, we refer you to the exhibit for a more complete description of the
  matter involved, and each such statement shall be deemed qualified in its entirety by this reference.&nbsp;</P>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PART
  I</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>INFORMATION
  REQUIRED IN THE SECTION 10(a) PROSPECTUS</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Cuentas Inc., a Florida corporation
  (the &ldquo;Company&rdquo;, &ldquo;us&rdquo;, &ldquo;our&rdquo; or &ldquo;we&rdquo;), has prepared this Registration Statement on Form
  S-8 (the &ldquo;Registration Statement&rdquo;) in accordance with the requirements of Form S-8 under the Securities Act of 1933, as amended
  (the &ldquo;Securities Act&rdquo;), to register 3,150,000 shares of our common stock, par value $0.001 per share (the &ldquo;Common Stock&rdquo;),
  issuable pursuant to the 2021 Share Incentive Plan (the &ldquo;2021 Plan&rdquo;) and to file a prospectus, prepared in accordance with
  the requirements of Part I of Form S-3 and, pursuant to General Instruction C of Form S-8, to be used for reoffers and resales of Common
  Stock acquired by persons to be named therein upon the exercise of options and restricted stock awards granted under the 2021 Share Incentive
  Plan.</P>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
  to the Note to Part I on Form S-8, the documents containing the information specified in Part I of this Registration Statement will be
  sent or given to plan participants as specified by Rule 428(b)(1) of the Securities Act. Such documents are not required to be filed,
  and are not filed, with the United States Securities and Exchange Commission either as part of this Registration Statement or as prospectuses
  or prospectus supplements pursuant to Rule 424 of the Securities Act. These documents and the documents incorporated by reference in
  this Registration Statement pursuant to Item 3 of Part II of this Form S-8, taken together, constitute a prospectus that meets the requirements
  of Section 10(a) of the Securities Act.&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  
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      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>REOFFER
  PROSPECTUS</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Cuentas
  Inc.</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Up
  to 3,150,000 shares of Common Stock under the 2021 Share Incentive Plan </B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
  prospectus relates to the resale of up to 3,150,000 shares (the &ldquo;Shares&rdquo;) of common stock, par value $0.001 per share (the
  &ldquo;Common Stock&rdquo;), of Cuentas Inc., a Florida corporation (the &ldquo;Company&rdquo;, &ldquo;us&rdquo;, &ldquo;our&rdquo; or
  &ldquo;we&rdquo;), which may be offered and sold from time to time by certain stockholders of the Company (the &ldquo;Selling Stockholders&rdquo;)
  who have acquired or will acquire such Shares in connection with the exercise of stock options granted, and with stock or other awards
  made, and with the purchase of stock under, the Company&rsquo;s 2021 Share Incentive Plan (the &ldquo; 2021 Plan&rdquo;).</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">The
  persons who are issued such Shares may include our directors, officers, employees and consultants, certain of whom may be considered our
  &ldquo;affiliates&rdquo;. Such persons may, but are not required to, sell the Shares they acquire pursuant to this prospectus. If any
  additional awards are issued to affiliates under the 2021 Plan, we will file with the Securities and Exchange Commission (the &ldquo;SEC&rdquo;)
  an update to this prospectus naming such person as a selling shareholder and indicating the number of shares such person is offering pursuant
  to the prospectus. See &ldquo;Selling Stockholders&rdquo; on page 18 of this prospectus. Our Common Stock is listed on The NASDAQ Stock
  Market under the symbol &ldquo;CUEN.&rdquo; On December 29, 2022 the closing price of the Common Stock on The NASDAQ Capital Stock Market
  was $0.18 per share.</P>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
  will not receive any of the proceeds from sales of the Shares by any of the Selling Stockholders. The Shares may be offered from time
  to time by any or all of the Selling Stockholders through ordinary brokerage transactions, in negotiated transactions or in other transactions,
  at such prices as such Selling Stockholder may determine, which may relate to market prices prevailing at the time of sale or be a negotiated
  price. See &ldquo;Plan of Distribution.&rdquo; Sales may be made through brokers or to dealers, who are expected to receive customary
  commissions or discounts. We are paying all expenses of registration incurred in connection with this offering, but the Selling Stockholders
  will pay all brokerage commissions and other selling expenses.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  Selling Stockholders and participating brokers and dealers may be deemed to be &ldquo;underwriters&rdquo; within the meaning of the Securities
  Act, in which event any profit on the sale of shares of those Selling Stockholders and any commissions or discounts received by those
  brokers or dealers may be deemed to be underwriting compensation under the Securities Act.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SEE
  &ldquo;RISK FACTORS&rdquo; BEGINNING ON PAGE 13 OF THIS PROSPECTUS FOR A DISCUSSION OF CERTAIN RISKS AND OTHER FACTORS THAT YOU
  SHOULD CONSIDER BEFORE PURCHASING OUR COMMON STOCK.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Neither
  the SEC nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful
  or complete. Any representation to the contrary is a criminal offense.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">The date of this prospectus
  is December 30, 2022.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TABLE
  OF CONTENTS</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: center"><B>Page No</B></TD></TR>
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 88%; text-align: left"><A HREF="#a_001">Where You Can Find More Information</A></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 11%; text-align: center">ii</TD></TR>
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><A HREF="#a_002">Incorporation of Certain Documents By Reference</A></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ii</FONT></TD></TR>
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><A HREF="#a_003">Note on Forward Looking Statements</A></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">iii</TD></TR>
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><A HREF="#a_004">The Company</A></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">1</TD></TR>
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><A HREF="#a_005">Risk Factors</A></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13</FONT></TD></TR>
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><A HREF="#a_006">Selling Stockholders</A></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">18</TD></TR>
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="#a_007">Use of Proceeds</A></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">18</FONT></TD></TR>
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="#a_008">Plan of Distribution</A></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">19</TD></TR>
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><A HREF="#a_009">Legal Matters</A></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">20</TD></TR>
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><A HREF="#a_010">Experts</A></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">20</TD></TR>
    </TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">You
  should rely only on the information contained in or incorporated by reference into this prospectus or any prospectus supplement. We have
  not authorized any person to give any information or to make any representations other than those contained or incorporated by reference
  in this prospectus, and, if given or made, you must not rely upon such information or representations as having been authorized. This
  prospectus does not constitute an offer to sell or the solicitation of an offer to buy any securities other than our shares of common
  stock described in this prospectus or an offer to sell or the solicitation to buy such securities in any circumstances in which such
  offer or solicitation is unlawful. You should not assume that the information we have included in this prospectus is accurate as of any
  date other than the date of this prospectus or that any information we have incorporated by reference is accurate as of any date other
  than the date of the document incorporated by reference regardless of the time of delivery of this prospectus or of any securities registered
  hereunder.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  
  <!-- Field: Page; Sequence: 6; Options: NewSection; Value: 1 -->
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a_001"></A>WHERE
  YOU CAN FIND MORE INFORMATION</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  Company is subject to the information requirements of the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;),
  and, in accordance therewith, files reports, proxy statements and other information with the SEC. We are required to file electronic
  versions of those materials with the SEC through the SEC&rsquo;s EDGAR system. The SEC maintains an Internet site at http://www.sec.gov,
  which contains reports, proxy and information statements and other information regarding registrants that file electronically with the
  SEC. You can read and copy the reports, proxy statements and other information filed by the Company with the SEC at such Internet site.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
  prospectus constitutes part of a Registration Statement on Form S-8 filed on the date hereof (herein, together with all amendments and
  exhibits, referred to as the &ldquo;Registration Statement&rdquo;) by the Company with the SEC under the Securities Act. This prospectus
  does not contain all of the information set forth in the Registration Statement, certain parts of which we have omitted, in accordance
  with the rules and regulations of the SEC. You should refer to the full Registration Statement for further information with respect to
  the Company and our Common Stock.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Statements
  contained herein concerning the provisions of any contract, agreement or other document are not necessarily complete, and in each instance,
  reference is made to the copy of such contract, agreement or other document filed as an exhibit to the Registration Statement or otherwise
  filed with the SEC. Each such statement is qualified in its entirety by such reference. Copies of the Registration Statement together
  with exhibits may be inspected at the offices of the SEC as indicated above without charge and copies thereof may be obtained therefrom
  upon payment of a prescribed fee.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No
  person is authorized to give any information or to make any representations, other than those contained in this prospectus, in connection
  with the offering described herein, and, if given or made, such information or representations must not be relied upon as having been
  authorized by the Company or any Selling Stockholder. This prospectus does not constitute an offer to sell, or a solicitation of an offer
  to buy, nor shall there be any sale of these securities by any person in any jurisdiction in which it is unlawful for such person to
  make such offer, solicitation or sale. Neither the delivery of this prospectus nor any sale made hereunder shall under any circumstances
  create an implication that the information contained herein is correct as of any time subsequent to the date hereto.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a_002"></A>INCORPORATION
  OF CERTAIN DOCUMENTS BY REFERENCE</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
  are &ldquo;incorporating by reference&rdquo; in this prospectus certain documents we file with the SEC, which means that we can disclose
  important information to you by referring you to those documents. The information in the documents incorporated by reference is considered
  to be part of this prospectus. Statements contained in documents that we file with the SEC and that are incorporated by reference in
  this prospectus will automatically update and supersede information contained in this prospectus, including information in previously
  filed documents or reports that have been incorporated by reference in this prospectus, to the extent the new information differs from
  or is inconsistent with the old information. We have filed or may file the following documents with the SEC, and they are incorporated
  herein by reference as of their respective dates of filing:</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR STYLE="vertical-align: top">
      <TD STYLE="width: 0.75in">&nbsp;</TD>
      <TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">(i)</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">our Annual Report on <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022017203/f10k2021_cuentasinc.htm">Form 10-K</A> for the fiscal year ended December 31, 2021, as filed with the SEC on April 1, 2022;</FONT></TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: justify">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">(ii)</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">our Quarterly Report on Form 10-Q for the quarter ended March 31, 2022,
  June 30, 2022, and September 30, 2022, as filed with the SEC on <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022026681/f10q0322_cuentasinc.htm">May
  16, 2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022048037/f10q0622_cuentasinc.htm">August 15,
  2022</A>, and <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022071655/f10q0922_cuentasinc.htm">November 14,
  2022</A>, respectively;</FONT></TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: justify">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">(iii)</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">our Current Reports on Form 8-K as filed with the SEC on <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022001588/ea153866-8k_cuentasinc.htm">January 11, 2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022005966/ea155099-8k_cuentas.htm">February 8,
      2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022023719/ea159329-8k_cuentas.htm">May 3,
      2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022028643/ea160406-8k_cuentas.htm">May 23,
      2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022031082/ea161043-8k_cuentas.htm">June 3,
      2022</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/1424657/000121390022032907/ea161612-8k_cuentas.htm">June 15, 2022</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/1424657/000121390022035249/ea162148-8k_cuentas.htm">June 27, 2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022038209/ea162552-8k_cuentas.htm">July
      8, 2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022042965/ea163583-8k_cuentas.htm">July 29,
      2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022044573/ea163801-8k_cuentasinc.htm">August 4,
      2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022045532/ea163985-8k_cuentas.htm">August 9,
      2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022050827/ea164905-8k_cuentas.htm">August 24,
      2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022051522/ea165046-8k_cuentas.htm">August 26,
      2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022062548/ea166860-8k_cuentas.htm">October 6,
      2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022070207/ea168250-8k_cuentas.htm">November 8,
      2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022072843/ea168696-8k_cuentas.htm">November
      15, 2022</A>, and <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022082619/ea170848-8k_cuentas.htm">December 23, 2022</A>;</FONT></TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: justify">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">(iv)</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1424657/000121390022077744/def14a1122_cuentasinc.htm">Definitive Proxy</A> filed December 6, 2022;</FONT></TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: justify">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD>(v)</TD>
      <TD STYLE="text-align: justify"><P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">The description of the Company&rsquo;s securities registered under
  Section 12 of the Exchange Act filed with the SEC on February 1, 2021.</P>
  
  
  </TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All
  documents that we filed with the SEC pursuant to Sections 13(a), 13(c), 14, and 15(d) of the Exchange Act subsequent to the date of this
  prospectus that indicates that all securities offered under this prospectus have been sold, or that deregisters all securities then remaining
  unsold, will be deemed to be incorporated in this prospectus by reference and to be a part hereof from the date of filing of such documents.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
  statement contained in a document incorporated or deemed to be incorporated by reference in this prospectus shall be deemed modified,
  superseded or replaced for purposes of this prospectus to the extent that a statement contained in this prospectus, or in any subsequently
  filed document that also is deemed to be incorporated by reference in this prospectus, modifies, supersedes or replaces such statement.
  Any statement so modified, superseded or replaced shall not be deemed, except as so modified, superseded or replaced, to constitute a
  part of this prospectus. None of the information that we disclose under Items 2.02 or 7.01 of any Current Report on Form 8-K or any corresponding
  information, either furnished under Item 9.01 or included as an exhibit therein, that we may from time to time furnish to the SEC will
  be incorporated by reference into, or otherwise included in, this prospectus, except as otherwise expressly set forth in the relevant
  document. Subject to the foregoing, all information appearing in this prospectus is qualified in its entirety by the information appearing
  in the documents incorporated by reference.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">You
  may request, orally or in writing, a copy of these documents, which will be provided to you at no cost (other than exhibits, unless such
  exhibits are specifically incorporated by reference), by contacting Matthew Schulman, c/o Cuentas Inc. at 235 Lincoln Rd., Suite 210,
  Miami Beach, FL 33139. Our telephone number is (800) 611-3622. Information about us is also available at our website at www.cuentas.com.
  However, the information in our website is not a part of this prospectus and is not incorporated by reference.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a_003"></A>NOTE
  ON FORWARD LOOKING STATEMENTS</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
  prospectus and the documents incorporated by reference herein contain a number of &ldquo;forward-looking statements&rdquo; within the
  meaning of the federal securities laws. Our forward-looking statements include, but are not limited to, statements about us and our industry,
  as well as statements regarding our and our management team&rsquo;s expectations, hopes, beliefs, intentions or strategies regarding
  the future. Additionally, any statements that refer to projections, forecasts or other characterization of future events or circumstances,
  including any underlying assumption, are forward-looking statements. We intend the forward-looking statements to be covered by the safe
  harbor provisions of the federal securities laws. When used in this prospectus and the documents incorporated by reference herein, the
  words such as &ldquo;anticipate,&rdquo; &ldquo;believe,&rdquo; &ldquo;can,&rdquo; &ldquo;continue,&rdquo; &ldquo;could,&rdquo; &ldquo;estimate,&rdquo;
  &ldquo;expect,&rdquo; &ldquo;future,&rdquo; &ldquo;intend,&rdquo; &ldquo;may,&rdquo; &ldquo;plan,&rdquo; &ldquo;potential,&rdquo; &ldquo;predicts,&rdquo;
  &ldquo;should,&rdquo; or &ldquo;will&rdquo; and words or phrases of similar import, as well as statements in future tense, as they relate
  to our financial position, business strategy and plans, or objectives of management, are intended to identify forward-looking statements;
  however, the absence of these words does not mean that a statement is not forward-looking. These statements reflect our current view
  with respect to future events and are subject to risks, uncertainties and assumptions relating to various factors.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">Forward-looking
  statements should not be read as a guarantee of future performance or results and may not be accurate indications of when such performance
  or results will be achieved. Forward-looking statements are based on information we have when those statements are made or management&rsquo;s
  good faith belief as of that time with respect to future events and are subject to significant risks and uncertainties that could cause
  actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that
  could cause or contribute to such differences include, but are not limited to, those discussed in this prospectus, and in particular,
  the risks discussed below and under the heading &ldquo;Risk Factors&rdquo; and those discussed in other documents we file with the SEC.
  The following discussion should be read in conjunction with the condensed consolidated financial statements for the fiscal years ended
  December 31, 2021 and 2020, and the notes incorporated by reference herein. We undertake no obligation to revise or publicly release the
  results of any revision to these forward-looking statements, except as required by law. In light of these risks, uncertainties and assumptions,
  the forward-looking events and circumstances discussed in this prospectus may not occur and actual results could differ materially and
  adversely from those anticipated or implied in the forward-looking statement.&nbsp;</P>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">You
  should understand that the following important risk factors, in addition to those discussed in our periodic reports on Forms 10-Q, 8-K
  and 10-K filed with the SEC under the Exchange Act, could affect our future results and could cause those results to differ materially
  from those expressed in such forward-looking statements. You should understand that it is not possible to predict or identify all risk
  factors. A variety of factors, some of which are outside of our control, may cause our operating results to fluctuate significantly. Consequently,
  you should not consider any such list to be a complete set of all potential risks or uncertainties.&nbsp;</P>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  
  <!-- Field: Page; Sequence: 8; Value: 1 -->
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      <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
      <!-- Field: /Page -->
  
  <DIV STYLE="padding-right: 5.4pt; padding-left: 5.4pt; border: Black 1.5pt solid; width: 98%">
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="a_004"></A>THE
  COMPANY</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><BR>
  The Company</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  Company was incorporated under the laws of Florida on September 21, 2005, and currently focuses on the business of using proprietary
  fintech technology to provide mobile and e-commerce services for delivering financial, prepaid debit and digital content services to
  the unbanked, underbanked and underserved Latino, Hispanic and immigrant communities. The Company&rsquo;s proprietary software platform
  enables Cuentas to offer comprehensive financial services and robust functionality that is absent from other Mobile Apps through the
  use of our Prepaid Debit Mastercard<SUP>&reg;</SUP>/General-Purpose Reloadable cards (&ldquo;GPR&rdquo;).</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Properties.&nbsp;</I>The
  Company&rsquo;s principal offices are located in Miami Beach, Florida.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Our
  Business</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  Company&rsquo;s historical business included its Mobile App &amp; GPR card. The Company is now diversifying its product line to include
  its Mobile Payments and Mobility projects which will be integrated into a proprietary fintech ecosystem that will provide a more complete
  offering of e-commerce products and services designed for the unbanked, underbanked and underserved immigrant and underprivileged communities
  to help them bridge the e-commerce digital divide.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  Cuentas Mobile App &amp; GPR ecosystem protects its customers by depositing their funds in an FDIC insured bank account at Sutton Bank,
  the issuing bank.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  comprehensive financial services currently available include:</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Direct
      ACH Deposits to receive funds</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ATM
      access &ndash; U.S. and most foreign countries</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Retail
      and Online purchases</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Peer
      to Peer Payments at no cost between Cuentas Accountholders</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash
      Reloads at major retailers (Walmart, CVS, Walgreens, Dollar General, etc.)</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Discounted
      Gift Cards for major brands (Amazon Cash, Xbox, Playstation, Burger King, etc.)</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Transit
      Authority Fares &ndash; Los Angeles TAP, Connecticut GoCT, coming soon NY-OMNY</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prepaid
      Long Distance Telecom Minutes &ndash; call land lines or mobile phones worldwide</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">U.S.
      Mobile Phone Recharges (TopUps)</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Int&rsquo;l.
      Mobile Phone Recharges (TopUps)</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Western
  Union and Cuentas Bridge Digital and Retail Money Transfer Worlds for Latino Community</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
  March 2022, the Company integrated&nbsp;Western Union&rsquo;s domestic and international money transfer capabilities into the Cuentas
  mobile banking app. The integration enables the Company&rsquo;s customers to send money to 200 countries and territories via the Cuentas
  mobile app. Leveraging Western Union&rsquo;s leading global cross-border, cross-currency platform, The Company&rsquo;s customers can
  conveniently move money to friends and family almost anywhere across the world using the Cuentas mobile app. Once sent, receivers can
  pick up their remittance in cash at any Western Union retail location.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
  major factor that provides technical strength and reliability to Cuentas&rsquo; project is the fintech ecosystem that it has developed.
  The foundation of Cuentas&rsquo; ecosystem is the fintech platform with mobile app, mobile wallet and associated integrations that Cuentas
  has developed over the past 3 years. We believe that this platform has been proven to be a robust, reliable transactional, marketing,
  financial and predictive, Tier-1 transactional platform. Cuentas&rsquo; ecosystem integrates its platform via dedicated APIs with Sutton
  Bank (the issuing bank), IDology (AML &amp; KYC) and InComm (Processor, Load Network &amp; 3<SUP>rd</SUP>&nbsp;Party Digital Products).</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
  </DIV>
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  <DIV STYLE="padding-right: 5.4pt; padding-left: 5.4pt; border: Black 1.5pt solid; width: 98%">
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cuentas&rsquo;
  Mobile App includes a Mobile Wallet (&ldquo;Wallet&rdquo;) and a Digital Store (the &ldquo;Cuentas Digital Store&rdquo; or the &ldquo;Digital
  Store&rdquo;) and is linked with a Prepaid Mastercard<SUP>&reg;&nbsp;</SUP>which can be used for ATM withdrawals, online purchases and
  in-person purchases.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accountholders
  may deposit funds to their account via (a) no-cost Direct Deposit, (b) no-cost fund transfers from other Cuentas accountholders, or (c)
  for a small charge, using InComm&rsquo;s VanillaLoad network in over 200,000 locations at major retailers like Walmart, CVS, Walgreens,
  Dollar General, and more.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Once
  accountholders have available funds, they can use their Cuentas Prepaid Mastercard<SUP>&reg;</SUP>&nbsp;wherever prepaid Mastercards
  are accepted worldwide and at most ATMs in the U.S., and many international ATMs.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accountholders
  may use the funds in their Wallet to purchase discounted gift cards in the Cuentas Digital Store. Product categories in the Digital Store
  include Digital Gift Cards, Transit Cards, Mobile Phone Recharges (the &ldquo;TopUps&rdquo;) and Western Union International Remittances.
  Digital gift cards include Amazon Cash, Sony Playstation, Xbox, Karma Koin, Burger King, Bass Pro Shops and more. Active transit products
  include TAP in Los Angeles, GoCT in Connecticut and The Rapid from Grand Rapids, Michigan. These should include the digital availability
  of OMNY in New York when it launches officially. Additional transit products will be available as InComm rolls them out. Cuentas accountholders
  may purchase TopUps which allow them to recharge their own or someone else&rsquo;s Verizon, AT&amp;T or other mobile phones in the U.S.
  or in many foreign countries &ndash; in real time. Accountholders may make real phone calls using the Cuentas ILD Rewards balance (Loyalty
  Program) or funds in their wallet - actual phone calls that are made directly from their phone to any mobile phone or land line worldwide.&nbsp;&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Cuentas
  e-commerce Distribution and Mobile Payments</U></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  Cuentas e-commerce Distribution and Mobile Payments ecosystem will allow consumers to purchase Cuentas's line of digital products and
  services through a nationwide network of retailers that specifically serve Cuentas' target market. Cuentas' distribution network includes
  certain neighborhood markets known as &quot;Bodegas&quot; and convenience stores as well as other retail establishments. This brings
  previously unavailable digital products and services to those neighborhoods affected by the e-commerce digital divide.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>The
  Latino Market&nbsp;</U></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  name &ldquo;Cuentas&rdquo; is a Spanish word that has multiple meanings and was chosen for strategic reasons, to develop a close relationship
  with the Spanish speaking population. It means &ldquo;Accounts&rdquo; as in &ldquo;bank accounts&rdquo; and it can also mean &ldquo;You
  can count on me&rdquo; as in &ldquo;<I>Cuentas conmigo</I>&rdquo;. Additionally, it can be used to &ldquo;Pay or settle accounts&rdquo;
  (<I>saldar cuentas</I>), &ldquo;accountability&rdquo; (<I>rendici&oacute;n de cuentas</I>), &ldquo;to be accountable&rdquo; (<I>rendir
  cuentas</I>) and other significant meanings.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  2020 U.S. Census showed the Hispanic Latino population at over 62 million and at 18.7% of the total U.S. population. The FDIC defines
  the &ldquo;unbanked&rdquo; &ldquo;as those adults without an account at a bank or other financial institution and are considered to be
  outside the mainstream for one reason or another. The Company believes that the Hispanic and Latino demographic generally have had more
  identification, credit, and former bank account issues than any other U. S. minority group leading to more difficulty in obtaining a
  traditional bank account.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  Cuentas Mobile App and Wallet are positioned to service the Hispanic, Latino and immigrant demographics with comprehensive financial
  products. Additionally, we are able to accept various forms of U.S. and some foreign government issued identification to confirm qualification
  for opening an account with the Cuentas App. The Cuentas App is able to accept SSN or ITIN with U.S. identification, Matricula Consular
  or other qualified government issued forms of identification.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
  </DIV>
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  <DIV STYLE="padding-right: 5.4pt; padding-left: 5.4pt; border: Black 1.5pt solid; width: 98%">
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>The
  Cuentas Prepaid Mastercard&reg; - General-Purpose Reloadable (GPR) Card</U></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  Cuentas Prepaid GPR Card allows each account holder to have a personalized Cuentas Mastercard&reg; and an associated Cuentas Account
  with the Mobile App, Digital Wallet, Digital Store and Long-Distance Telecom services included. It acts as a comprehensive banking solution
  which enables access to the U.S. financial system for those who are unbanked or underbanked, while also enabling greater functionality
  than a traditional bank account. The cardholders&rsquo; deposited funds are protected in an FDIC-insured bank account at Sutton Bank.&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt -0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>The
  Cuentas Business Model</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  Cuentas business model provides, or we expect will provide, for multiple revenue sources, many of which are synergistic market segments
  and provide unified financial and social functionality to forgotten segments of society.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  Cuentas Mobile Wallet has several potential revenue streams. We expect that the Company will receive monthly maintenance fees, reload
  fees, ATM fees and commissions for products sold as well as interchange and network fees from Mastercard and the Pulse Network (see &ldquo;The
  Cuentas Ecosystem&rdquo; herein). Cuentas&rsquo; strategy is to provide excellent value to consumers while charging reasonable fees and
  commissions to produce profitability. We believe that monthly fees of $4.50 which we will charge per user will generate reasonable revenue.
  Cuentas provides account recharge capabilities to accountholders via the nationwide VanillaLoad network owned by InComm as it is available
  in many big box retailer chains such as Walmart, Walgreens, CVS, Dollar Store and others.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
  expect that The Cuentas Digital Store will produce revenue each time that consumers purchase third party gift cards, digital access,
  mass transit tickets and mobile phone top-ups (U.S. and international). Additionally, International remittances provided by the industry-leader
  Western Union &ldquo;by Cuentas&rdquo; are available and International Bill Pay should be available in 2023. Both services should be
  major revenue driving factors for Cuentas as they provide reliable, low-cost solutions to our target audience.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cuentas
  offers rewards for free long distance calling to its accountholders (&ldquo;Cuentas Rewards&rdquo;) who are given credits upon activation
  to be able to make real international calls to land lines or mobile phone worldwide, not like internet calling which can be unreliable
  and poor quality. We can expand the Rewards program to include other products and/or services in the future. Our target demographic uses
  both internet and prepaid calling services to communicate with family members around the U.S. and in their country. This added benefit
  is designed, at a very low cost, to provide extra benefits to our accountholders, which should help to maintain and solidify valuable
  relationships with them.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Prepaid
  Debit Card Market Overview</U></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  Research and Markets report titled &ldquo;Prepaid Card Market: Payment Trends, Market Dynamics, and Forecasts 2020 - 2025&rdquo; released
  in January 2020 states that, &ldquo;[i]n the United States, prepaid cards remain the preferred choice for the unbanked market segment....&rdquo;
  It also states that &ldquo;[t]he move towards a cashless society is substantial, further driving the prepaid card market.&rdquo;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cuentas
  is strategically positioned in the prepaid marketplace with a focus on the Hispanic, Latino and immigrant demographics.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cuentas
  has identified Activation Fees as an important issue to our target demographic, so we offer &ldquo;no-cost&rdquo; registration and activation
  with a personalized Prepaid Mastercard&reg; sent directly to the consumer, and we charge a monthly fee of $4.50 fifteen days after activation
  and every thirty days thereafter. As previously mentioned, we also model our offering with empathy and consideration for our target demographic,
  keeping fees and costs reasonably low so they will be able to justify and appreciate the benefits provided by the Cuentas Mobile App,
  Wallet and Prepaid Mastercard<SUP>&reg;</SUP>.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>The
  Cuentas Technology platform</U></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  Cuentas technology platform has proven itself to be a robust, reliable system and Cuentas is now taking steps to raise the platform to
  the next level through symbiotic integration with The OLB Group Inc&rsquo;s (&ldquo;OLB&rdquo;) advanced PCI compliant OMNIsolutions
  platform.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
  August 22, 2022, Cuentas signed a Software Licensing And Transaction Sharing Agreement with OLB with the goal of mutually integrating
  capabilities, features and expertise to enable both systems to take advantage of this symbiotic relationship so both organizations may
  grow. The integration of upgrades to Cuentas' system will include advanced intelligence and predictive trending to improve security,
  identify successful marketing campaigns and provide data for future project development.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>
  </DIV>
  <!-- Field: Page; Sequence: 11; Value: 1 -->
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  <DIV STYLE="padding-right: 5.4pt; padding-left: 5.4pt; border: Black 1.5pt solid; width: 98%">
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  current Cuentas ecosystem and platforms function seamlessly as before, and upgrades will be introduced after careful evaluation, review
  and multi-level testing.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  newly upgraded Cuentas platform is designed to be PCI compliant and will include a complete POS system with credit card processing, marketing
  tools, integrated modules for inventory management, content management, concierge services, shipping and customer service. Additional
  features and capabilities include Real-time currency exchange rates (ECB), SSL support, Fully 100% customizable designs using templates,
  configurable list of allowed countries, ACL (Access control list), Activity Log, OpenID, Facebook and Twitter authentication, W3C compliance
  (XHTML) with all Bar-Codes Accepted, and much more.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  Cuentas platform will also have a multi functionable tax module that can apply taxes by country, state, Zipcode, product classes (e.g.,
  goods, services, alcohol, etc.) and even including tax exempt, European Union Value Added Tax support,</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  platform will include a Reward Points System, Marketing manager (Email &amp; SMS campaigns), Customizable SEO (Search Engine Optimization)
  meta tags, discounts, coupons, affiliate programs, shopping, Froogle (google base), PriceGrabber / Yahoo Shopping, become.com product
  feeds, Google XML site map, CMS Topics as well as QuickBooks and Google AdSense integration.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additionally,
  the platform will provide a shipping and logistics department a complete solution that enables retailers to use UPS, USPS, FedEx and
  other shippers with a myriad of shipping calculation methods (weight, volume, product, etc.). Prevent shipping to restricted Countries,
  calculate shipping, defined shipping methods (e.g., Ground, Next Day, 2nd Day, etc.), shipping tracking numbers, etc.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Finally,
  the system's Customer Service module will allow customers to register/login, create wish lists and registries, multiple billing and shipping
  addresses per customer, customer roles (groups), time zone support, built-in forums, password recovery, multiple account registration/activation
  types, automatic or manual registrations, Email validation &amp; image capture during login/registration, &ldquo;Email a friend&rdquo;
  feature, Compare products feature, News RSS, Contact Us form, and more. Plugins are also available for US Postal, QuickBooks, FedEx,
  DHL and MailChimp.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>CIMA
  Settlement&nbsp;</U></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
  July 8, 2022, the Company announced that it received a notice of default from CIMA related to that certain Platform Exclusive License
  Agreement, maintenance, and related agreements (collectively, the &ldquo;License Agreement&rdquo;) by and among Cuentas, CIMA, Knetik,
  Inc. (&ldquo;Knetik&rdquo;), and Auris, LLC (&ldquo;Auris&rdquo; ). The notice, which was received May 25, 2022, provides that Cuentas
  has failed to pay $700,000 of maintenance and pass-through fees that CIMA alleges are owed under the License Agreement and also afforded
  Cuentas the required sixty-day period (through July 24, 2022) to cure the default as provided under the License Agreement.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
  August 2, 2022, the Company and CIMA, along with Knetik and Auris executed a Settlement Agreement and General Release (&ldquo;Settlement
  Agreement&rdquo;) which resolves the issues related to the July 8, 2022, notice of default from CIMA related to the License Agreement.
  Pursuant to the terms of the Settlement Agreement, in exchange for the consideration provided in the Settlement Agreement, Cuentas paid
  CIMA $770,239.78 and will accept for a period of 30 days from execution date, the exclusive right to facilitate a third party (including
  to current shareholders and directors of Cuentas) purchase (without markup or broker fee) of, all of the shares of Cuentas held by CIMA
  at the higher of: (i) the average per share trading price for the three day average before notice in writing is provided by Cuentas of
  the intent to purchase CIMA&rsquo;s Cuentas shares, or (ii) the minimum price of $0.50 per share on or before 5:00 p.m. New York City
  time, on August 31, 2022 pursuant to a purchase agreement delivered by and acceptable to CIMA without any changes thereto (provided,
  that CIMA shall not be required to provide any representations or warranties other than fundamental warranties related to (a) organization
  and good standing, (b) power and authority to undertake the transaction and (c) ownership of such shares, and ordinary representations
  and warranties that the Cuentas shares are being transferred free and clear of any liens, claims, or encumbrances).</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>
  </DIV>
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  <DIV STYLE="padding-right: 5.4pt; padding-left: 5.4pt; border: Black 1.5pt solid; width: 98%">
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Further,
  in connection with the Settlement Agreement, Cuentas, Dinar Zuz, LLC, Michael De Prado and Arik Maimon provided signed waiver letters,
  expressly waiving any right of first refusal and co-sale rights granted in their favor under that certain letter agreement, dated December
  31, 2019 (the &ldquo;Side Letter&rdquo;), by and among CIMA, Dinar Zuz, LLC, Michael Del Prado and Arik Maimon, and CIMA agreed (i) to
  restore immediately Cuentas&rsquo;s access to its platform; (ii) provided Cuentas with a limited license to utilize the platform the
  terms of which are detailed specifically in Section 6 of the Settlement Agreement, and to use reasonable efforts, subject to Cuentas&rsquo;
  compliance thereto, to provide Cuentas&rsquo; customer data to Cuentas through the end of the limited license term described in Section
  6 of the Settlement Agreement; (iii) deliver to Cuentas the Source Code (as that term is defined in paragraph 1.18 of the License Agreement)
  relating to &ldquo;Out-Of-Scope Services,&rdquo; and as further detailed in Section 6 of the Settlement Agreement; (iv) not enforce its
  rights under the Side Letter through and including August 31, 2022, and (v) shall not transfer, sale, or encumber its Cuentas shares
  through and including August 31, 2022, except as permitted therein. If Cuentas fails to comply with any term of this Settlement Agreement,
  Cuentas agreed to a Stipulated Judgment described in Section 5 of the Settlement Agreement, which, if triggered, the limited license
  set forth in Section 6 and any of CIMA&rsquo;s obligations under this Settlement Agreement shall become null and CIMA shall have the
  right to shut off Cuentas access to the Platform without notice.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  Settlement Agreement also provides for mutual general releases by Cuentas for the benefit of CIMA and by CIMA for the benefit of Cuentas
  of all claims other than claims relating to a breach of the Settlement Agreement.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  Settlement Agreement by its terms in effect terminates the obligations under the license agreement, dated December 31, 2019, by and between
  Cuentas and CIMA.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Strategic
  Partners</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U>Sutton
  Bank (&ldquo;Sutton&rdquo;)</U></I></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cuentas
  has a 5-year Prepaid Card Program Management Agreement with Sutton Bank as the issuer of the Cuentas Prepaid Mastercard<SUP>&reg;&nbsp;</SUP>-
  Debit/GPR card which is effective through October 2026 with automatic 1-year renewals. Sutton insures account holders&rsquo; funds through
  the FDIC and provides direct deposit capabilities, early pay functionality and account balance functionality for the Cuentas Mobile App
  and Mobile Wallet. Sutton coordinates Know Your Client (&ldquo;KYC&rdquo;), Office of Foreign Asset Control (&ldquo;OFAC&rdquo;), Politically
  Exposed Persons (&ldquo;PEP&rdquo;) and Anti-Money Laundering (&ldquo;AML&rdquo;) compliance with Cuentas and IDology. Each applicant
  must have either a Social Security number or an ITIN. During the registration process, IDology compares each applicant&rsquo;s personal
  information with known KYC, OFAC and PEP databases, and if required, can request certain forms of identification to confirm their identity.
  These forms of identification may include but are not limited to: Passport, Driver&rsquo;s License, Matricula Consular and U.S. residency
  documentation. Only applicants that reach a certain score that is coordinated between Sutton and IDology are approved to receive a Cuentas
  Prepaid Mastercard&reg; associated with their Cuentas Mobile App and Wallet account.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I><U>Interactive
  Communications International, Inc. (&ldquo;InComm&rdquo;)</U></I></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cuentas
  has multiple agreements with InComm including: (a) Processing services, (b) Resale of 3<SUP>rd</SUP>&nbsp;party Digital gift cards ,
  (c) Resale of InComm Digital Solutions, and (d) Reload Commission Agreement. The agreements are effective through July 2024 and then
  renew automatically for 1-year periods. InComm is an instrumental partner of Cuentas as it provides the operational core of Cuentas&rsquo;
  transaction processing platform, the cash reload component and access to many third-party products and services.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
  July 23, 2019, the Company entered into a 5-year Prepaid Services Agreement with InComm (the &ldquo;InComm PSA&rdquo;) to power and expand
  the Company&rsquo;s Mobile App, Mobile Wallet and GPR card. InComm is a supplier of 3<SUP>rd</SUP>&nbsp;party gift and digital content
  cards, and Cuentas currently resells a variety of these products through its Mobile App&rsquo;s Digital Store and Cuentas-SDI distribution
  network, with possible expansion in the future.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under
  the InComm PSA, InComm is the prepaid card processor and through its VanillaLoad network, allows the Company&rsquo;s cardholders, for
  a small fee, to reload their Cuentas Mobile Wallet through a nationwide network of retailers including Walmart, 7-Eleven, Walgreens,
  CVS Pharmacy, Rite Aid, Dollar General and many more. In addition, the Company plans to extend the cash reload component of the Wallet
  through a select number of &ldquo;bodegas&rdquo; in the Cuentas-SDI network to increase its market penetration and profitability.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
  </DIV>
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      <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
      <!-- Field: /Page -->
  <DIV STYLE="padding-right: 5.4pt; padding-left: 5.4pt; border: Black 1.5pt solid; width: 98%">
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">Under the InComm PSA, InComm provides processing
  services, telephone support, data storage services, account servicing, reporting, output and hot carding services to the Company. Processing
  services consist mainly of authorization and transaction processing services. InComm also processes authorizations for transactions made
  with or on prepaid products, along with any payments or adjustments made to prepaid products. InComm also processes the Company&rsquo;s
  data and post entries in accordance with the specifications. Data storage services consist mainly of storage of the Company&rsquo;s data
  in a format that is accessible online by the Company through APIs designated by InComm, subject to additional API and data sharing terms
  and conditions. InComm also provides Web/API services for prepaid Cuentas GPR applications and transactions.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Cuentas
  SDI, LLC</U></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cuentas
  SDI, LLC (the &ldquo;Cuentas-SDI&rdquo;) was incorporated in the State of Florida on January 4, 2022 and was a wholly owned subsidiary
  of SDI Black 011, Inc. (&ldquo;SDI Black&rdquo;). Cuentas-SDI is engaged in the business of electronic distribution and sales of virtual
  products via its Black 011 portal located at Yonkers, NY. Its electronic products range from prepaid wireless SIM activation, International
  mobile recharge services and international long distance phone services. During 2020, Cuentas-SDI also started sales of general merchandise
  to its retail reseller customers. Cuentas-SDI owns the assets of Black Wireless MVNO, Black 011 Long distance platform and operations
  and the SDI Black distribution platform and network of over 31,000 bodegas and convenience stores.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
  May 27, 2022, the Company entered into a Membership Interest Purchase Agreement (the &ldquo;MIPA&rdquo;) with SDI Black, the holders
  of all the membership interests of SDI Black and Cuentas-SDI, for the acquisition of 19.99% of the membership interests of Cuentas-SDI
  in exchange for $750,000. Cuentas also had the right to close on the potential acquisition of the remaining 80.01% of the membership
  interests of Cuentas SDI within 60 days in exchange for a purchase price of an additional $2.459,000, which the Company did not exercise.&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  Company is working with a Vendor-Client relationship with Cuentas-SDI, who uses Least Cost Routing (LCR) to decide which vendor provides
  the products for sale. The LCR platform will determine the percentage and quantity of revenue that is realized between Cuentas and Cuentas-SDI</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>The
  Cuentas Ecosystem</U></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cuentas&rsquo;
  goal is to offer the consumer a one-stop shop, easy to use, Mobile App and Mobile wallet with Mastercard<SUP>&reg;</SUP>&nbsp;rails that
  can provide new, important financial services and solve many of their daily needs and desires while saving the users time and money.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Approved
  Cuentas accountholders will have a Prepaid Mastercard<SUP>&reg;</SUP>&nbsp;acceptable wherever Mastercard<SUP>&reg;</SUP>&nbsp;debit
  cards are accepted and can have their paychecks or certain government benefits checks directly deposited to their account associated
  with the card, with funds available for use on the card up to 2 days earlier than standard direct deposits. Furthermore, the Cuentas
  card has ATM access through the nationwide Pulse Network which provides access to over 500,000 ATMs in the U.S. and many more worldwide.
  (Source: pulsenetwork.com)</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  Cuentas Digital Store in the Mobile App will allow accountholders to purchase certain mainstream gift cards for use in a variety of stores,
  online portals and transit agencies &ndash; many at discounted prices. Accountholders can also &ldquo;Top Up&rdquo; or prepay their mobile
  phone accounts and also do the same for friends &amp; family living in the U.S. or overseas.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Cuentas
  Mobile</U></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cuentas
  Mobile is our Mobile Virtual Network Operator (&ldquo;MVNO&rdquo;) trade name, which provided Cuentas Mobile branded mobile phones along
  with attractively priced prepaid voice, text, and data mobile phone services to a limited customer base. Cuentas, through M&amp;M, is
  negotiating to sell mobile services as an MVNO through an operator on the largest 5G nationwide network from one of the top 3 mobile
  carriers. Cuentas Mobile will continue to operate a virtual telecommunications network providing mobile voice, text, and data services
  with essentially the same quality as other MVNOs such as Cricket, Boost, Simple, Ultra, Mint and Lyca Mobile, which have been successful
  at creating brands, without owning the towers, hardware or network. Cuentas is currently reactivating distribution through grass roots
  retailers that normally interact with Cuentas&rsquo; target audience, specifically offering low-cost mobile phone service with the ability
  to make international calls to specific Spanish speaking countries in Central and South America.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
  </DIV>
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">We believe that our potential customers will migrate
  away from legacy telephone and banking systems to enhanced mobility solutions. The Company&rsquo;s technological advantage and the synergies
  created by its combination of a reloadable debit card and a holder of mobile virtual network operator rights will make its products increasingly
  useful to unbanked, under-banked, under-served and other emerging niche markets.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><U>Meimoun&nbsp;&amp;
  Mammon LLC</U></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify"><I>Meimoun &amp; Mammon LLC (&ldquo;M&amp;M&rdquo;)</I>&nbsp;is
  a retail provider of domestic and international long-distance voice, text, and data telephony services to consumers in the United States
  and throughout the world. M&amp;M holds International and Domestic Section 214 authority issued by the FCC. M&amp;M operates the retail
  Tel3 business as a separate division. Tel3 has been a prepaid long-distance provider for many years and provides direct and indirect access
  to Latino and immigrant communities across the US as it provides them with quality international communications services. The majority
  of revenue generated by the company so far has come from this division.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><U>LSI Group S.A. (&ldquo;LSI&rdquo;)</U></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">On Aug 31, 2022, Cuentas signed a 1-year agreement
  which is extendable to 3 years total with completion of certain milestones. LSI will market the US based Cuentas Prepaid Debit Card and
  Mobile App in countries including El Salvador, Guatemala and Honduras with plans to expand to South America, starting with Colombia, with
  the goal to sign 200,000 US-based Cuentas customers in 1 year for international cross-border remittances.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Regulatory Compliance</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">We operate in an ever evolving and complex legal
  and regulatory environment. We, the products and services that we offer and market, and those for which we provide processing services,
  are subject to a variety of federal, state and foreign laws and regulations, including, but not limited to: federal communications laws
  and regulations; foreign jurisdiction communications laws and regulations; federal anti-money laundering laws and regulations, including
  the Patriot Act, the BSA, anti-terrorist financing laws and anti-bribery and corrupt practice laws and regulations in the U.S., and similar
  international laws and regulations, including the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in Canada; state unclaimed
  property laws and money transmitter or similar licensing requirements; federal and state consumer protection laws, including the CARD
  Act, and the Dodd-Frank Act, and regulations relating to privacy and data security; and foreign jurisdiction payment services industry
  regulations.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">Our subsidiary M&amp;M is subject to regulation
  by the FCC and other government agencies and task forces. M&amp;M holds International and Domestic Section 214 licenses issued by the
  FCC, which may be suspended or revoked by the FCC if M&amp;M does not strictly comply with all applicable regulations and the terms and
  conditions under which the International and Domestic Section 214 licenses were issued. M&amp;M is also subject to certain foreign jurisdiction
  communications laws and regulations as it provides limited access to its prepaid calling platform internationally. We believe that we,
  including our subsidiaries, are currently operating in compliance with all applicable laws and regulations, but there is no certainty
  that laws and regulations affecting our business will not change. Any such change of laws and regulations applicable to our business might
  adversely affect our ability to execute our business plan and achieve profitable operating results.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">At the federal level, Congress and federal regulatory
  agencies have enacted and implemented new laws and regulations that affect the prepaid industry, such the CARD Act and FinCEN&rsquo;s
  Prepaid Access Rule. Moreover, there are currently proposals before Congress that could further substantially change the way banks, including
  prepaid card issuing banks and other financial services companies, are regulated and are permitted to offer their products to consumers.
  Non-bank financial services companies, including money transmitters and prepaid access providers, are now regulated at the federal level
  by the Consumer Financial Protection Bureau (the &ldquo;CFPB&rdquo;), which began operations in July 2011, bringing additional uncertainty
  to the regulatory system and its impact on our business. We are increasingly facing more stringent anti-money laundering rules and regulations,
  compliance with which may increase our costs of operation, decrease our operating revenues and disrupt our business. Sutton bank performs
  routine AML, KYC, OFAC in consultation with Cuentas and IDology and other compliance review and searches throughout Cuentas&rsquo; registration
  and operational processes. Abuse of our prepaid products for purposes of financing sanctioned countries, terrorist funding, bribery or
  corruption could cause reputational or other harm that could have a material adverse effect on our business, results of operations and
  financial condition. Failure to comply with, or further expansion of, consumer protection regulations could have a material adverse effect
  on our business, results of operations and financial condition. Failure by us to comply with federal banking regulation may subject us
  to fines and penalties and our relationships with our issuing banks may be harmed.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
  </DIV>
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  <DIV STYLE="padding-right: 5.4pt; padding-left: 5.4pt; border: Black 1.5pt solid; width: 98%">
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">Most states regulate the business of sellers of
  traveler&rsquo;s checks, money orders, drafts and other monetary instruments, which we refer to collectively as money transmitters. While
  many states expressly exempt banks and their agents from regulation as money transmitters, others purport to regulate the money transmittal
  businesses of bank agents or do not extend exemptions to non-branch bank agents. In those states where we are required to be licensed,
  we are subject to direct supervision and regulation by the relevant state banking departments or similar agencies charged with enforcement
  of the money transmitter statutes and must comply with various restrictions and requirements, such as those related to the maintenance
  of certain levels of net worth, surety bonding, selection and oversight of our authorized delegates, permissible investments in an amount
  equal to our outstanding payment obligations with respect to some of the products subject to licensure, recordkeeping and reporting, and
  disclosures to consumers. We are also subject to periodic examinations by the relevant licensing authorities, which may include reviews
  of our compliance practices, policies and procedures, financial position and related records, various agreements that we have with our
  issuing banks, retail distribution partners and other third parties, privacy and data security policies and procedures, and other matters
  related to our business. As a regulated entity, Cuentas may incur significant costs associated with regulatory compliance. We anticipate
  that compliance costs and requirements will increase in the future for our regulated subsidiaries and that additional subsidiaries will
  need to become subject to these or new regulations. If we fail to maintain our existing money transmitter licenses or permits or fail
  to obtain new licenses or permits in a timely manner, our business, results of operations and financial condition could be materially
  and adversely affected.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Marketing</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">The Cuentas Mobile App, Mobile Wallet and Prepaid
  Mastercard<SUP>&reg;</SUP>&nbsp;will be predominantly marketed via digital and traditional media channels. Cuentas expects to use a combination
  of internal resources as well as third parties for our marketing efforts.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">The digital marketing placements will include
  social media, SEO (Search Engine Optimization), internet, geo fencing, online streaming providers, influencers, and other digital providers.
  Traditional marketing efforts include media such as radio, TV, print, billboards, bus wraps, bus benches, TV, radio, etc.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">Media spend is distributed amongst these marketing
  vehicles and adjusted as acquisition data is received. Our initial program is designed to test creative, geo targeting and formats. Once
  feedback is analyzed, spending will be optimized to enhance efficiency and cost of acquisition. Vertical market integration and partnerships
  will also be developed to augment growth and stability.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">Marketing strategies for customer acquisition
  will focus on key markets, targeted audiences, lifestyle fit, brand awareness, key metrics and go-to-market plans.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">Marketing to Hispanic &amp; Latino groups will
  initially concentrate on those populations that have settled in Southern California, Texas, New York, Florida, Arizona and New Mexico.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">Cuentas will promote the newly integrated POS
  capabilities in its ecosystem and market these services to the 30,000 bodegas and convenience stores in the network, with the possibility
  of upgrading a select number of them to neighborhood financial centers to be able to load cash to the Cuentas prepaid debit card and provide
  other financial services.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
  </DIV>
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I><U>Entry into a Joint-Venture
  Agreement with WaveMAX Corporation (&ldquo;WaveMax&rdquo;)</U></I></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">On July 21, 2021, the Company and WaveMAX entered
  into a Definitive Joint-Venture Agreement (the &ldquo;Agreement&rdquo;). Pursuant to the Agreement, the Company and WaveMax formed CuentasMax
  LLC on Dec 8, 2021, a joint venture (&ldquo;CUENTASMAX&rdquo;) which would&nbsp;install WiFi6 shared network (&ldquo;WSN&rdquo;) systems
  in up to 1,000 retail locations in the New York&nbsp;metropolitan tristate area using access points and small cells to provide users with
  access to the WSN (the &ldquo;JV Project&rdquo;). The WSN will allow CUENTASMAX to generate location-based advertising configured by advertisers
  using WaveMAX&rsquo;s advertising dashboard technology directly to users over the WSN, could permit users to pay a service fee for ad-free
  access to the WSN. The ownership and management of CUENTASMAX shall be as follows: 50% to the Company, 25% to WaveMAX and 25% to Consultoria
  y Asesoria de Redes, S.A. de C.V. (&ldquo;Execon&rdquo;). Execon currently manages approximately 20,000 WiFi endpoints with WaveMax in
  Mexico. Each of the Company and WaveMAX agreed to fund $120,000 (for a total of $240,000) initially upon execution of the Agreement. In
  addition, each of the Company and WaveMAX has agreed to fund an additional $127,500 over the succeeding five months, in each case, subject
  to approval of each party&rsquo;s board of directors. The expenses of the JV Project shall include acquiring the Access Points hardware,
  the installation and configuration of the Access Points hardware for use with the broadband internet service at each Retail Location,
  entering into the necessary agreements with the Retail Locations, instore marketing and promotion of the WSN program, and expenses relating
  to commercialization of the digital advertising program. The Board of Directors of CUENTASMAX shall initially be comprised of four persons,
  two designated by the Company, one designated by WaveMAX, and one designated by Execon. The officers of CUENTASMAX shall be the persons
  from time to time designated by mutual agreement of the Company and WaveMAX, with the initial officers to be determined. It is hoped that
  up to 1,000 high traffic, prime location convenience stores and &ldquo;bodegas&rdquo; (small community markets) will be signed up in conjunction
  with the Company&rsquo;s distribution network that sells prepaid debit card, e-store, e-wallet and digital services. A fee of 2% (two
  percent) of the net revenue of CUENTASMAX will be paid by CUENTASMAX on a monthly basis as a commission to Innovateur Management SAPI
  de CV. WaveMAX grants CUENTASMAX exclusive rights to use and deploy the WaveMAX Technology, including any and all patents owned or to
  be owned by WaveMAX and any and all related enhancements or applications of the WaveMAX Technology and any and all prior and subsequent
  improvements and/or new technology developed by WaveMAX solely in the Company&rsquo;s BODEGAS network throughout the United States. The
  parties have agreed to expand CUENTASMAX to other areas of the U.S. once the current deployment is in progress or has been completed.
  As of December 31.2021, the Company has funded CUENTASMAX an amount of $40,000 and, in agreement with the other parties, funded CunetasMax
  $40,000 in February of 2022. The joint venture has begun the initial sales and marketing for the JV and expects to produce revenue initially
  in Q3 of 2022.&nbsp;The third deposit of $40,000 by Cuentas is scheduled for September 2022 and, along with an equal deposit by WaveMax,
  will continue the expansion.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">CuentasMax has installed 30 WiFi6 Access Points
  in New York City, Los Angeles, and Puerto Rico at different small businesses including Bodegas, restaurants, beauty salons and gas stations.
  CuentasMax also has pilot project agreements with the Bodega Association and Business Group in NYC, Benelisha Group in LA, and Top Gasoline
  Inc in Puerto Rico.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I><U>Entry into a Joint-Venture
  Agreement with Benelisha Group, Inc. (&ldquo;Benelisha&rdquo;)</U></I></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">On August 4, 2021, the Company and Benelisha entered
  into a Definitive Marketing and Promotion Agreement (the &ldquo;Benelisha Agreement&rdquo;). Pursuant to the Benelisha Agreement, the
  Company and Benelisha will market and promote Cuentas GPR cards and the mobile phone application (&ldquo;DC/MA&rdquo;) products to Benelisha
  customers. During the term of the Benelisha Agreement, Benelisha&rsquo;s goal is to register Benelisha customers to become active users
  of the Cuentas DC/MA products. The Company hopes to complete technical and program integration to be able to launch in Q1 of 2023.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">If Benelisha reaches these milestone goals, it
  will be rewarded with Most Favored Nation (MFN) status along with compensation consisting of 32% of Net Revenue from new cardholders that
  Benelisha registers and maintains on the Cuentas GPR Platform. After year 3, Benelisha may continue to maintain MFN status by registering
  50,000 new cardholders each year. If Benelisha does not maintain MFN status, it will still receive compensation of 32% of net revenue
  for the active cardholders it maintains.&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
  </DIV>
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Competition Section</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">Cuentas has strategically established its fee
  structure to be attractive to the unbanked, underbanked and undeserved population with no activation fee, no-cost direct deposit, no-cost
  Cuentas card to Cuentas card transfers, low cost for reloads, reasonable ATM fees and No dormancy fee.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">This pricing strategy places Cuentas in an attractive,
  reasonably priced category which coupled with the products &amp; services it offers to its competitiveness.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 8pt Times New Roman, Times, Serif">
    <TR STYLE="vertical-align: bottom">
      <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; text-align: center">FEES</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt; vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; text-align: center">CUENTAS</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt; vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Net Spend</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt; vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Chime</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt; vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Green Dot</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt; vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Amex Serve</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt; vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; text-align: center">Amex Bluebird</TD><TD STYLE="text-align: center; font-weight: bold; padding-bottom: 1.5pt; vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; text-align: center">My Bambu</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; width: 12%; font-weight: bold; text-align: center">Card Issuance/ Activation</TD><TD STYLE="text-align: center; width: 1%; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; width: 12%; font-weight: bold; text-align: center">$0.00</TD><TD STYLE="text-align: center; width: 1%; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; width: 12%; font-weight: bold; text-align: center">$0.00</TD><TD STYLE="text-align: center; width: 1%; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; width: 12%; font-weight: bold; text-align: center">$0</TD><TD STYLE="text-align: center; width: 1%; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; width: 12%; font-weight: bold; text-align: center">$1.95</TD><TD STYLE="text-align: center; width: 1%; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; width: 11%; font-weight: bold; text-align: center">$0 Online Up to $3.95 in retail</TD><TD STYLE="text-align: center; width: 1%; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; width: 11%; font-weight: bold; text-align: center">$0 Online / Up to $5 in retail</TD><TD STYLE="text-align: center; width: 1%; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; width: 11%; font-weight: bold; text-align: center">$0</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">Monthly Fee</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$4.50</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">Pay-As-You-Go Plan $0 Monthly Plan $9.95 per mo.</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$0</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$7.95</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$6.95 ($0 with $500+ Direct Deposit)</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$0</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$0</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">Reload Fee</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$3.95</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">Netspend Reload Network Location Up to $3.95</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">N/A</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$5.95</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">Up to $3.95 (fee varies by retailer)</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$0 (Walmart) other Retailers $3.95</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$3.95</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">Domestic ATM Withdrawal</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$1.50</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">Pay-As-You-Go Plan $2.95 / Monthly Plan $2.95</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$2.50; free through MoneyPass</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$3.00</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$0 at MoneyPass&reg; ATMs $2.50 at non-MoneyPass ATMs.</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$0 MoneyPass&reg; ATMs, $2.50 non-MoneyPass ATMs</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$2.00</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">Over the Counter Cash Withdraw</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$1.50</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$2.95 Withdrawal Fee at a Financial Institution/ 1% w/ $9.95 min</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$2.50 per transaction</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$3.00</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">N/A</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">N/A</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">N/A</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">ATM Inquiry Fee</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$0.75</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$0.50</TD><TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$0.50</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">N/A</TD><TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$0.50</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">ATM Decline Fee</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$0.50</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$1.00</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">N/A</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">N/A</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$0.75</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$0.00</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">N/A</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">Card to Card Transfer</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$0.00</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">Website $0 / CS&nbsp;&nbsp;Agent $4.95 / Me-to-Me Transfer &ndash; $3.00</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">N/A</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">N/A</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">N/A</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">N/A</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">N/A</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">Balance Inquiry Live Agent</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$0.00</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$0.00</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">N/A</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">N/A</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$0</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$0.00</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$0.00&nbsp;per call</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">Replacement Card (Standard Delivery)</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$5.00</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$9.95</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">N/A</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$5.00</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$5.00</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$0.00</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$5</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">Inactivity Fee / Dormancy Fee</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$0.00</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$5.95&nbsp;per&nbsp;mo. (after 90 days w/no trans.)</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">N/A</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$9.95 After 90 days</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$0</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$0.00</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$3 / Month, After 12 mo. No transactions</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">Remote Deposit Capture</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">N/A</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">Greater of 2% of total check amount or $5.00</TD><TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">Funds in minutes - 1% or 5% of check ($5 min)</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">Funds in minutes - 1% or 5% of check ($5 min fee)</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">Funds in minutes - 1% or 5% of check ($5 min fee)</TD><TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">Remittance Fee</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">N/A</TD><TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">UP to $16.99 (fee depends on the transfer amount)</TD><TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD><TD STYLE="text-align: center; font-weight: bold; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">$5.50</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">Fee Schedule</TD><TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: center">https://<BR> cuentas.com/<BR> cuen/cuentas_<BR> cha.php?lang=en</TD><TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: center">https://<BR> www.netspend.com/<BR> account/terms/SFLF_<BR> 730318418_EN.html</TD><TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: center">https://<BR> help.chime.com/hc/<BR> en-us/articles/<BR> 221405228-<BR> What-are-the-fees-</TD><TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: center">https://<BR> www.greendot.com/<BR> personal-<BR> banking/<BR> our-products/debit-cards/<BR> prepaid-card/<BR> prepaid-mastercard-<BR> or-visa-<BR> card#:~:text=<BR> The%20fees%<BR> 20for%20the<BR> %20Green,in%<BR> 20the%20<BR> previous%<BR> 20monthly<BR> %20period.</TD><TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: center">https://<BR> www.serve.com/<BR> faqs/<BR> fees-and-limits</TD><TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: center">https://<BR> www.bluebird.com<BR> /faqs/<BR> fees-limits<BR> /fees</TD><TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: center">https://<BR> mybambu.com/<BR> cardholder-<BR> agreement/</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; font-weight: bold; text-align: center">Website</TD><TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: center">https://<BR> cuentas.com/<BR> cuen/<BR> home.php?lang=en</TD><TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: center">www.netspend.com</TD><TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: center">www,chime.com</TD><TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: center">https://<BR> www.greendot.com/</TD><TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: center">www.serve.com</TD><TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: center">www.bluebird.com</TD><TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: center">https://<BR> mybambu.com<BR> /us/</TD></TR>
    </TABLE>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><B>Employees</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of November 21, 2022, our
  management team consisted of our Interim Chief Executive Officer and Chairman of the Board, Arik Maimon, Michael De Prado, our Interim
  President and Vice Chairman of the Board, and our Chief Financial Officer, Mr. Ran Daniel. Additionally, we have five full-time employees.
  None of our employees are represented by a collective bargaining agreement, and we have never experienced any work stoppage. We believe
  we have good relations with our employees.</P>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Risks Associated with Our Business</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our business is subject to
  many significant risks, as more fully described in the section entitled &ldquo;Risk Factors&rdquo; below. You should read and carefully
  consider these risks, together with the risks set forth under the section entitled &ldquo;Risk Factors&rdquo; and all of the other information
  in this prospectus, including the financial statements and the related notes included elsewhere in this prospectus, before deciding whether
  to invest in our common stock. If any of the risks discussed in this prospectus actually occur, our business, financial condition or operating
  results could be materially and adversely affected. In particular, our risks include, but are not limited to, the following:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
    <TR STYLE="vertical-align: top">
      <TD STYLE="width: 48px">&nbsp;</TD>
      <TD STYLE="width: 24px"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">our ability to implement our business plan;</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
    <TR STYLE="vertical-align: top">
      <TD STYLE="width: 48px">&nbsp;</TD>
      <TD STYLE="width: 24px; text-align: justify"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">our ability to attract key personnel;</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
    <TR STYLE="vertical-align: top">
      <TD STYLE="width: 48px">&nbsp;</TD>
      <TD STYLE="width: 24px; text-align: justify"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">our ability to operate profitably;</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
    <TR STYLE="vertical-align: top">
      <TD STYLE="width: 48px">&nbsp;</TD>
      <TD STYLE="width: 24px; text-align: justify"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">our ability to efficiently and effectively finance our operations;</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
    <TR STYLE="vertical-align: top">
      <TD STYLE="width: 48px">&nbsp;</TD>
      <TD STYLE="width: 24px; text-align: justify"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">our ability to raise additional financing for working capital;</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
    <TR STYLE="vertical-align: top">
      <TD STYLE="width: 48px">&nbsp;</TD>
      <TD STYLE="width: 24px; text-align: justify"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">our ability to efficiently manage our operations;</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
    <TR STYLE="vertical-align: top">
      <TD STYLE="width: 48px">&nbsp;</TD>
      <TD STYLE="width: 24px; text-align: justify"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">that our accounting policies and methods may require management to make estimates about matters that are inherently uncertain;</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
    <TR STYLE="vertical-align: top">
      <TD STYLE="width: 48px">&nbsp;</TD>
      <TD STYLE="width: 24px; text-align: justify"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">our ability to consummate future acquisitions or strategic transactions;</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
    <TR STYLE="vertical-align: top">
      <TD STYLE="width: 48px">&nbsp;</TD>
      <TD STYLE="width: 24px; text-align: justify"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">changes in the legal, regulatory and legislative environments in the markets in which we operate; and</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
    <TR STYLE="vertical-align: top">
      <TD STYLE="width: 48px">&nbsp;</TD>
      <TD STYLE="width: 24px; text-align: justify"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">adverse state or federal legislation or regulation that increases the costs of compliance, or adverse findings by a regulator with respect to existing operations.</FONT></TD></TR>
    </TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  </DIV>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Nasdaq Deficiency</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On June 21, 2022, we received
  notice from the staff (the &ldquo;Staff&rdquo;) of The NASDAQ Stock Market indicating that, because the closing bid price for the Company&rsquo;s
  common stock has fallen below $1.00 per share for 31 consecutive business days, the Company no longer complies with the minimum bid price
  requirement for continued listing on the Nasdaq Capital Market under Rule 5550(a)(2) of Nasdaq Listing Rules (the &ldquo;Bid Price Rule&rdquo;).</P>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On December 20, 2022, having not regained compliance with the Bid Price
  Rule, the Company received a letter from the Staff notifying the Company that, unless the Company timely requests a hearing, the Company&rsquo;s
  common stock and listed warrants would be subject to delisting. Accordingly, the Company timely requested a hearing before a Nasdaq Hearings
  Panel (the &ldquo;Panel&rdquo;). The hearing request resulted in a stay of any suspension or delisting action pending the hearing and
  the expiration of any extension period granted by the Panel following the hearing. In that regard, the Panel has the right to grant the
  Company an extension to regain compliance with the Bid Price Rule. However, there can be no assurance that the Panel will grant the Company
  an extension to comply with the Bid Price Rule or, even if an extension is granted, that the Company will be able to regain compliance
  with all applicable requirements for continued listing. If the trading of the Company&rsquo;s securities is suspended, the Company&rsquo;s
  securities will cease to be quoted on Nasdaq. It is expected that the Company&rsquo;s securities would be immediately eligible for trading
  and quotation on the over the counter market.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Corporate Information</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We were organized as a corporation
  under the laws of the State of Florida on September&nbsp;21, 2005. Our principal executive office is located at 235 Lincoln Road, Suite
  210, Miami Beach, FL 33139, and our phone number is (800) 611-3622. We maintain a website at www.cuentas.com. The reference to our website
  is intended to be an inactive textual reference only. The information contained on, or that can be accessed through, our website is not
  part of this prospectus and investors should not rely on such information in deciding whether to purchase shares of our common stock.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>
  </DIV>
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 7pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="a_005"></A><B>RISK FACTORS</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><I>Investing in our common
  stock involves risk. Before deciding whether to invest in our common stock, you should consider the risks, uncertainties and assumptions
  discussed under the heading&nbsp;</I>&ldquo;<I>Risk Factors</I>&rdquo;<I>&nbsp;in our Quarterly Reports on Form 10-Q for the fiscal quarters
  ended March 31, 2022, June 30, 2022 and September 30, 2022 and our Annual Report on Form 10-K for the fiscal year ended December 31, 2021,
  each as incorporated by reference in this reoffer prospectus, any amendment or update thereto reflected in subsequent filings with the
  SEC, including in our annual reports on Form 10-K and quarterly reports on Form 10-Q, and all other information contained or incorporated
  by reference in this reoffer prospectus, as updated by our subsequent filings under the Exchange Act. There may be other unknown or unpredictable
  economic, business, competitive, regulatory or other factors that could have material adverse effects on our future results. If any of
  these risks actually occurs, our business, business prospects, financial condition or results of operations could be seriously harmed.
  This could cause the trading price of our common stock to decline, resulting in a loss of all or part of your investment. Please also
  read carefully the section above entitled&nbsp;</I>&ldquo;<I>Cautionary Note on Forward-Looking Statements.</I>&rdquo;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Risks Related to Our Financial Position and
  Need for Additional Capital</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 7pt"><B><I>&nbsp;</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>We will require additional
  funding to progress our business. Such financing may only be available on disadvantageous terms or may not be available at all. Any new
  equity financing could have a substantial dilutive effect on our existing stockholders.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">At
  September 30, 2022, we had cash and cash equivalents of $2.1 million, a working capital deficit of $291,000 and an accumulated deficit
  of $47.3 million. Our cash position may decline in the future, and we may not be successful in maintaining an adequate level of cash resources.&nbsp;Accordingly,
  we will be required to seek additional debt or equity financing in order to support our growing operations. We may not be able to obtain
  additional financing on satisfactory terms, or at all, and any new equity financing could have a substantial dilutive effect on our existing
  stockholders. If we cannot obtain additional financing, we will not be able to achieve the sales growth that we need to cover our costs,
  and our results of operations would be negatively affected.</P>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 7pt"><B><I>&nbsp;</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>As a result of our current
  lack of financial liquidity, there is substantial doubt regarding our ability to continue as a &ldquo;going concern,&rdquo; within one
  year from the issuance date of our financial statements.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As a result of our current
  lack of financial liquidity, our consolidated financial statements for fiscal year 2021, and the nine months ending September 30, 2022,
  which are included as part of this prospectus, contains a statement concerning substantial doubt regarding our ability to continue as
  a going concern. Our lack of sufficient liquidity could make it more difficult for us to secure additional financing or enter into strategic
  relationships on terms acceptable to us, if at all, and may materially and adversely affect the terms of any financing that we may obtain
  and our public stock price generally.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our continuation as a going
  concern is dependent upon, among other things, achieving positive cash flow from operations and, if necessary, augmenting such cash flow
  using external resources to satisfy our cash needs. However, we may be unable to achieve these goals and therefore may be unable to continue
  as a going concern.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 7pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Risks Related to the Company</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>We cannot ensure, either
  in the near- or long-term, that we will be able to generate significant cash flow or profit.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We have a limited basis upon
  which you may evaluate our business and an investment in our Common Stock may entail significantly more risk than the shares of Common
  Stock of a company with a substantial history. Our ability to successfully develop our products, and to realize consistent, meaningful
  revenues and profit has not been established and cannot be assured. For us to achieve success, our products must receive broader market
  acceptance by consumers. Without this market acceptance, we will not be able to generate sufficient revenue to continue our business operation.
  If our products are not widely accepted by the market, our business may fail.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our business operations are
  subject to numerous risks, uncertainties, expenses and difficulties associated with early-stage enterprises. You should consider an investment
  in our company in light of these risks, uncertainties, expenses and difficulties. Such risks include: the absence of a lengthy operating
  history; insufficient capital to fully realize our operating plan; our ability to anticipate and adapt to a developing market; a competitive
  environment characterized by well-capitalized competitors; our ability to identify, attract and retain qualified personnel; our reliance
  on key management personnel.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Because we are subject to
  these risks, evaluating our business may be difficult. We may be unable to successfully overcome these risks, which could harm our business
  and prospects. Our business strategy may be unsuccessful, and we may be unable to address the risks we face in a cost-effective manner,
  if at all. If we are unable to successfully address these risks, there may be an adverse effect on our business, results of operations,
  financial condition and cash flows.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>We may never achieve
  profitability from operations or generate sufficient cash flows to make or sustain distributions to our shareholders.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We may never achieve profitability
  from operations. Even if we do achieve profitability, we cannot assure you that we will be able to sustain or increase profitability on
  a quarterly or annual basis in the future. There can be no assurance that future operations will be profitable or that we will be able
  to make or sustain distributions to our shareholders from cash from operations. Revenues and profits, if any, will depend upon various
  factors, including whether we will be able to successfully implement our business plan and operating strategy. We may not achieve our
  business objectives and the failure to achieve such goals would have an adverse impact on us. In addition, an inability to achieve profitability
  could have a detrimental effect on the market value of our Common Stock.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>We are an early entrant
  in an emerging industry, and the long-term viability of our business strategy is unproven.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As an early entrant in this
  emerging Fintech industry, we are subject to the risk that our business model and business plan may not prove to be a viable long-term
  business strategy. If it turns out that our strategy is not a viable long-term business strategy, we may not be able to generate meaningful
  cash flows, which would materially and adversely affect the viability of our business and stock price.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
  
  <!-- Field: Page; Sequence: 21; Value: 1 -->
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>We may not be able to
  secure sufficient capital to effectively execute our business plan.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We may not be able to attract
  and obtain sufficient capital from the equity and debt markets, or any other capital markets, to execute our business plan and grow our
  business. If we do not have access to sufficient funding in the future, we may not be able to make the requisite capital expenditures
  necessary to execute our business plan, and in that event our ability to generate revenue may be significantly impaired.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B><I>Cuentas may be unable to attract and
  retain users and increase Margins.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of the date of this Registration
  Statement, Cuentas has an operating history of e-commerce card business of about one year. If Cuentas cannot increase the number of cardholders
  using its Cuentas Mastercard and retain its existing cardholders, this will significantly adversely affect Cuentas&rsquo; operating results,
  revenues, financial condition, and ability to remain in business. The Company&rsquo;s ecommerce revenue currently has a very low gross
  profit margin and sometimes a negative margin The company would also be required to increase its gross margin in addition to increase
  revenue otherwise it will not derive net income from operations.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>We are involved in various
  litigation matters that are expensive and time consuming, and, if resolved adversely, could harm our business, financial condition, or
  results of operations.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Any litigation to which we
  are a party may result in an onerous or unfavorable judgment that may not be reversed upon appeal, or we may decide to settle lawsuits
  on similarly unfavorable terms. Any such negative outcome could result in payments of substantial monetary damages or fines, or changes
  to our products or business practices, and accordingly our business, financial condition, or results of operations could be materially
  and adversely affected. See &ldquo;Business-Legal Proceedings&rdquo; for a description of certain litigation involving the Company.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Although the results of lawsuits
  and claims cannot be predicted with certainty, we do not believe that the final outcome of those matters that we currently face will have
  a material adverse effect on our business, financial condition, or results of operations. However, defending these claims is costly and
  can impose a significant burden on management and employees, and we may receive unfavorable preliminary or interim rulings in the course
  of litigation, which could adversely affect the market price of our securities. There can be no assurances that a favorable final outcome
  will be obtained in all cases.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>Security breaches and
  other disruptions could compromise our information and expose us to liability, which would cause our business and reputation to suffer.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In the ordinary course of
  our business, we use sophisticated call processing engines and other sophisticated telecommunications technology platforms, and we acquire
  and store sensitive data, including intellectual property, our proprietary business information and personally identifiable information
  of our prospective and current tenants, our employees and third-party service providers on our networks and website. The secure processing
  and maintenance of this information is critical to our operations and business strategy. Despite our security measures, our information
  technology and infrastructure may be vulnerable to attacks by hackers or breached due to employee error, malfeasance or other disruptions.
  Any such breach could compromise our networks and the information stored there could be accessed, publicly disclosed, lost or stolen.
  Any such access, disclosure or other loss of information could result in revenue losses, legal claims or proceedings, liability under
  laws that protect the privacy of personal information, regulatory penalties, disruption to our operations and the services we provide
  to customers or damage our reputation, which could adversely affect our results of operations and competitive position.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>We are dependent on
  our executive officers and dedicated personnel, and the departure of any of our key personnel could materially and adversely affect us.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We rely on a small number
  of persons to carry out our business and investment strategies. An Executive Search Committee has been authorized to evaluate and propose
  qualified executive candidates for approval by the Board of Directors. Any member of our senior management may cease to provide services
  to us at any time. The loss of the services of any of our key management personnel, or our inability to recruit and retain qualified personnel
  in the future, could have an adverse effect on our business and financial results. As we expand, we will continue to need to attract and
  retain qualified additional senior management but may not be able to do so on acceptable terms or at all. Cuentas does not yet have but
  intends to have key man life insurance policies in place.</P>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>We are subject to regulation
  which may adversely affect our ability to execute our business plan.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We operate in an ever evolving
  and complex legal and regulatory environment. We, the products and services that we offer and market, and those for which we provide processing
  services, are subject to a variety of federal, state and foreign laws and regulations, including, but not limited to: federal communications
  laws and regulations; foreign jurisdiction communications laws and regulations; federal anti-money laundering laws and regulations, including
  the USA PATRIOT Act (the &ldquo;Patriot Act&rdquo;), the Bank Secrecy Act (the &ldquo;BSA&rdquo;), anti-terrorist financing laws and anti-bribery
  and corrupt practice laws and regulations in the U.S., and similar international laws and regulations, including the Proceeds of Crime
  (Money Laundering) and Terrorist Financing Act in Canada; state unclaimed property laws and money transmitter or similar licensing requirements;
  federal and state consumer protection laws, including the Credit Card Accountability, Responsibility and Disclosure Act of 2009 (the &ldquo;CARD
  Act&rdquo;), and the Durbin Amendment to Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the &ldquo;Dodd-Frank Act&rdquo;),
  and regulations relating to privacy and data security; and foreign jurisdiction payment services industry regulations. We believe that
  we are currently operating in compliance with all applicable laws and regulations, but there is no certainty that laws and regulations
  affecting our business will not change. Any such change of laws and regulations applicable to our business might adversely affect our
  ability to execute our business plan and achieve profitable operating results.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>We are subject to Card
  Association and Network Organization Rules.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In addition to the federal,
  state, local, and foreign jurisdiction laws and regulations discussed above, we, Cuentas and our issuing banks, are also subject to card
  association and debit network rules and standards. The operating rules govern a variety of areas, including how consumers and merchants
  may use their cards and data security. Each card association and network organization audit us from time to time to ensure our compliance
  with these standards. Noncompliance with these rules or standards due to our acts or omissions or the acts or omissions of businesses
  that work with us could result in fines and penalties or the termination of the card association registrations held by us or any of our
  issuing banks. Changes in card association rules or standards set by Mastercard International or Vanilla Reload, or changes in card association
  and debit network fees or products or interchange rates, could materially and adversely affect our business, financial condition and results
  of operations.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>Our success depends,
  in part, upon our ability to hire and retain highly skilled managerial, and operational personnel, and the past performance of our senior
  management may not be indicative of future results.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The implementation of our
  business plan may require that we employ additional qualified personnel. Competition for highly skilled managerial, telecommunications,
  financial and operational personnel is intense, and we cannot assure our stockholders that we will be successful in attracting and retaining
  such skilled personnel. If we are unable to hire and retain qualified personnel as required, our growth and operating results could be
  adversely affected.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>The Company and its
  subsidiaries have well-financed, well-managed competitors and may not be able to adequately compete in its market.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Most of our competitors are
  larger and have greater financial, technical, marketing, and other resources than we do. Some of our competitors have seasoned management
  teams with more experience and expertise in our industry than we do. Some competitors may enjoy significant competitive advantages that
  result from, among other things, having substantially more available capital, having a lower cost of capital, having greater economies
  of scale, and having enhanced operating efficiencies compared to ours.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Cuentas recently began e-commerce
  card operations and is much smaller than its competitors, faces competition in the prepaid financial services industry including competitors
  such as American Express, First Data, Total Systems Services, Green Dot, NetSpend, Money Network, Momentum, Blackhawk, Prepaid MasterCard,
  MasterCard RePower, PayPal, Apple Pay, Amex Serve, H&amp;R Block Emerald, J.P. Morgan Chase, and others. Cuentas also faces intense competition
  from existing players in the prepaid card industry.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Cuentas Mobile faces competitors
  including, without limitation, AT&amp;T, Sprint, Viber, WhatsApp, Skype, MetroPCS, TracFone, Telcel, StraightTalk, Simple Mobile, Virgin
  Mobile, Boost, Net 10, IDT, Boost, and others.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">M&amp;M faces competition
  from many strong and well-financed competitors and other competitors, engaged in the retail termination of domestic and international
  long distance as well a mobile voice, text, and data services, including, without limitation, IDT, NobelCom, Access Wireless, Boost Mobile,
  H2O mobile, Mint Mobile and others.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>Cuentas Mobile is dependent
  on the performance of third-party network operators.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Mobile virtual network operators,
  including Cuentas Mobile, earn revenues by purchasing network capacity from other network operators and reselling it to end users.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>To compete effectively,
  Cuentas needs to improve its offerings continuously.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Cuentas began operations recently
  and is substantially smaller than its competitors. As a result, to compete effectively, Cuentas needs to improve its offerings rapidly
  and continuously.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>Cuentas may be adversely
  affected by fraudulent activity.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Criminals, including, without
  limitation, cyber-organized criminal syndicates, and others, use increasingly sophisticated methods to engage in illegal activities involving
  prepaid cards, reload products, and customer information. Cuentas relies on third parties for certain transaction processing services,
  which subjects Cuentas and its customers to risks related to the vulnerabilities of these third parties, as well as Cuentas&rsquo;s own
  vulnerabilities to criminals engaged in fraudulent activities. Fraudulent activity could result in the imposition of regulatory sanctions,
  including significant monetary fines, which could adversely affect Cuentas&rsquo;s business, operating results, and financial condition.
  Cuentas, like other e-commerce networks has been tested and threatened by fraudulent activity but we have initiated protocols and alerts
  to minimize or eliminate fraudulent activity. To date, Cuentas has been minimally affected by fraudulent activity.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Risks Related to an Investment in Our Securities and this Offering</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>Our failure to meet
  the continued listing requirements of Nasdaq could result in a de-listing of our Common Stock.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 26.9pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We are currently subject to
  a delisting notice from Nasdaq, as our stock price closed at less than $1 per share over a 30 consecutive business day period (which resulted
  in a failure to comply with Listing Rule 5550(a)(2)) and we were not eligible for an extension, and we are not currently in compliance
  with the director independence requirement. Additionally, pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iii) (the &ldquo;$0.10 Rule&rdquo;),
  our Common Stock may be subject to immediate delisting from Nasdaq if our Common Stock has a closing bid price of $0.10 or less for any
  ten (10) consecutive trading days. In the event that we are in violation of the $0.10 Rule, Nasdaq will issue another Staff Delisting
  Determination with the potential opportunity for us to appeal that determination. If we cannot remedy these delinquencies in adequate
  time our stock will be de-listed Nasdaq will take steps to de-list our securities. Such a de-listing would likely have a negative effect
  on the price of our Common Stock and would impair your ability to sell or purchase our Common Stock when you wish to do so. In the event
  of a de-listing, we would take actions to restore our compliance with Nasdaq&rsquo;s listing requirements, but we can provide no assurance
  that any such action taken by us would allow our Common Stock to become listed again, stabilize the market price or improve the liquidity
  of our Common Stock, prevent our Common Stock from dropping below the Nasdaq minimum bid price requirement or prevent future non-compliance
  with Nasdaq&rsquo;s listing requirements.</P>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>The market price of
  our Common Stock and Warrants may be highly volatile, and you could lose all or part of your investment.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The trading price of our Common
  Stock and Warrants is likely to be volatile. This volatility may prevent you from being able to sell your securities at or above the price
  you paid for your securities. Our stock price could be subject to wide fluctuations in response to a variety of factors, which include:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
    <TR STYLE="vertical-align: top">
      <TD STYLE="width: 0.5in">&nbsp;</TD>
      <TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">whether we achieve our anticipated corporate objectives;</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
    <TR STYLE="vertical-align: top">
      <TD STYLE="width: 0.5in">&nbsp;</TD>
      <TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">actual or anticipated fluctuations in our quarterly or annual operating results;</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
    <TR STYLE="vertical-align: top">
      <TD STYLE="width: 0.5in">&nbsp;</TD>
      <TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">changes in financial or operational estimates or projections;</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
    <TR STYLE="vertical-align: top">
      <TD STYLE="width: 0.5in">&nbsp;</TD>
      <TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">termination of the lock-up agreement or other restrictions on the ability of our stockholders and other security holders to sell shares after this offering;</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
    <TR STYLE="vertical-align: top">
      <TD STYLE="width: 0.5in">&nbsp;</TD>
      <TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">changes in the economic performance or market valuations of companies similar to ours; and</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
    <TR STYLE="vertical-align: top">
      <TD STYLE="width: 0.5in">&nbsp;</TD>
      <TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">general economic or political conditions in the United States or elsewhere.</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In addition, the stock market
  in general has experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance
  of these companies. Broad market and industry factors may negatively affect the market price of our Common Stock, regardless of our actual
  operating performance.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>If our shares become
  subject to the penny stock rules, it would become more difficult to trade our shares.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The SEC has adopted rules
  that regulate broker-dealer practices in connection with transactions in penny stocks. Penny stocks are generally equity securities with
  a price of less than $5.00, other than securities registered on certain national securities exchanges or authorized for quotation on certain
  automated quotation systems, provided that current price and volume information with respect to transactions in such securities is provided
  by the exchange or system. If we do not retain a listing on Nasdaq and if the price of our Common Stock is less than $5.00, our Common
  Stock will be deemed a penny stock. The penny stock rules require a broker-dealer, before a transaction in a penny stock not otherwise
  exempt from those rules, to deliver a standardized risk disclosure document containing specified information. In addition, the penny stock
  rules require that before effecting any transaction in a penny stock not otherwise exempt from those rules, a broker-dealer must make
  a special written determination that the penny stock is a suitable investment for the purchaser and receive (i) the purchaser&rsquo;s
  written acknowledgment of the receipt of a risk disclosure statement; (ii) a written agreement to transactions involving penny stocks;
  and (iii) a signed and dated copy of a written suitability statement. These disclosure requirements may have the effect of reducing the
  trading activity in the secondary market for our Common Stock, and therefore shareholders may have difficulty selling their shares.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>If securities or industry
  analysts do not publish or cease publishing research or reports about us, our business or our market, or if they change their recommendations
  regarding our Common Stock adversely, the price of our securities and trading volume could decline.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The trading market for our
  securities may be influenced by the research and reports that securities or industry analysts may publish about us, our business, our
  market or our competitors. If any of the analysts who may cover us change their recommendation regarding our Common Stock adversely, or
  provide more favorable relative recommendations about our competitors, the price of our securities would likely decline. If any analyst
  who may cover us was to cease coverage of the Company or fail to regularly publish reports on us, we could lose visibility in the financial
  markets, which in turn could cause the price of our securities or trading volume to decline.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>We do not expect to
  pay dividends for the foreseeable future.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We do not expect to pay dividends
  on our Common Stock for the foreseeable future. Accordingly, any potential investor who anticipates the need for current dividends should
  not purchase our securities.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>Our existing directors,
  executive officers and principal shareholders will continue to have substantial control over us , which could limit your ability to influence
  the outcome of key transactions, including a change of control.</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>&nbsp;</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our directors, executive officers,
  principal shareholders and their affiliates beneficially own or control, directly or indirectly, in the aggregate, approximately 31.69%
  of our outstanding Common Stock. As a result, these shareholders, acting together, could have significant influence over the outcome of
  matters submitted to our shareholders for approval, including the election or removal of directors; any amendments to our articles of
  incorporation or bylaws; any merger, consolidation or sale of all or substantially all of our assets; and over the management and affairs
  of the Company. This concentration of ownership may also have the effect of delaying or preventing a change in control of the Company
  or discouraging others from making tender offers for our shares and might affect the market price of our Common Stock.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>&nbsp;</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I></I></B></P>
  
  <!-- Field: Page; Sequence: 25; Value: 1 -->
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B><I>&nbsp;</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="a_006"></A>SELLING STOCKHOLDERS</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table sets forth
  (a) the name and position or positions with the Company of each Selling Stockholder; (b) the aggregate of (i) the number of shares of
  Common Stock held by each Selling Stockholder as of the date of this prospectus and (ii) the number of shares issuable upon exercise of
  options and vesting of restricted stock awards or restricted stock units granted to each Selling Stockholder under the 2021 Plan that
  are being registered pursuant to this Registration Statement for resale by each Selling Stockholder as of the date of this prospectus;
  (c) the number of shares of Common Stock that each Selling Stockholder may offer for sale from time to time pursuant to this prospectus,
  whether or not such Selling Stockholder has a present intention to do so; and (d) the number of shares of Common Stock to be beneficially
  owned by each Selling Stockholder following the sale of all shares that may be so offered pursuant to this prospectus, assuming no other
  change in ownership of Common Stock by such Selling Stockholder after the date of this prospectus. Unless otherwise indicated, beneficial
  ownership is direct, and the person indicated has sole voting and investment power.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">To our knowledge, none of
  our officers and directors have a present intention to offer shares of Common stock for sale, although they retain the right to do so.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Inclusion of an individual&rsquo;s
  name in the table below does not constitute an admission that such individual is an &ldquo;affiliate&rdquo; of the Company.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
    <TR STYLE="vertical-align: bottom">
      <TD STYLE="border-bottom: black 1.5pt solid"><FONT STYLE="font-size: 10pt"><B>Selling Stockholders<SUP>(1)</SUP></B></FONT></TD>
      <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Principal Position with the&nbsp;Company<SUP>(2)</SUP></B></FONT></TD>
      <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Shares&nbsp;Owned <BR>
  Prior&nbsp;to&nbsp;Resale <SUP>(3)</SUP></B></FONT></TD>
      <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Number of <BR>
  Shares&nbsp;Offered<BR>
  for <BR>
  Resale</B></FONT></TD>
      <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="6" STYLE="border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Number of Shares owned <BR>
  After Resale</B></FONT></TD>
      <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="padding-bottom: 1.5pt; text-align: center">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="padding-bottom: 1.5pt; text-align: center">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Number</B></FONT></TD>
      <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Percent<SUP>(2)</SUP></B></FONT></TD>
      <TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 20%"><FONT STYLE="font-size: 10pt">Arik Maimon</FONT></TD>
      <TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 31%"><FONT STYLE="font-size: 10pt">Interim CEO and Chairman of the Board</FONT></TD>
      <TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 9%; text-align: right"><FONT STYLE="font-size: 10pt">1,982,961</FONT></TD>
      <TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 9%; text-align: right"><FONT STYLE="font-size: 10pt">365,000</FONT></TD>
      <TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 9%; text-align: right"><FONT STYLE="font-size: 10pt">1,617,961</FONT></TD>
      <TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 9%; text-align: right"><FONT STYLE="font-size: 10pt">8.4</FONT></TD>
      <TD STYLE="width: 1%"><FONT STYLE="font-size: 10pt">%</FONT></TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD><FONT STYLE="font-size: 10pt">Ran Daniel</FONT></TD>
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">Chief Financial Officer</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">120,000</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">100,000</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">20,000</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">*</FONT></TD>
      <TD><FONT STYLE="font-size: 10pt">%</FONT></TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD><FONT STYLE="font-size: 10pt">Michael De Prado</FONT></TD>
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">Interim President and Vice Chairman of the Board</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">1,078,032</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">315,000</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">763,032</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">4.0</FONT></TD>
      <TD><FONT STYLE="font-size: 10pt">%</FONT></TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD><FONT STYLE="font-size: 10pt">Adiv Baruch</FONT></TD>
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">Director</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">313,334</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">250,000</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">63,334</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">*</FONT></TD>
      <TD><FONT STYLE="font-size: 10pt">%</FONT></TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD><FONT STYLE="font-size: 10pt">Sandra Orihuela</FONT></TD>
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">Director</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">100,000</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">100,000</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">0</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">0</FONT></TD>
      <TD><FONT STYLE="font-size: 10pt">%</FONT></TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: White">
      <TD><FONT STYLE="font-size: 10pt">Sara Sooy</FONT></TD>
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">Director</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">100,000</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">100,000</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">0</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">0</FONT></TD>
      <TD><FONT STYLE="font-size: 10pt">%</FONT></TD></TR>
    <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD><FONT STYLE="font-size: 10pt">Yochanon Bruk</FONT></TD>
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">Director</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">2,902,992</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">200,000</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">2,702,992</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">14.1</FONT></TD>
      <TD><FONT STYLE="font-size: 10pt">%</FONT></TD></TR>
    </TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR STYLE="vertical-align: top">
      <TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">*</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Less than 1%.</FONT></TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: justify">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD><FONT STYLE="font-size: 10pt">(1) </FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Except as otherwise noted below, the address for each person or entity listed in the table is c/o Cuentas Inc., 235 Lincoln Rd, Suite 210, Miami Beach, Florida 33139.</FONT></TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: justify">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">All positions described are with the Company, unless otherwise indicated.</FONT></TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: justify">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD><FONT STYLE="font-size: 10pt">(3)</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The number of shares owned prior to resale by each Selling Stockholder includes shares issuable upon exercise of options granted to such Selling Stockholders under the 2021 Plan&nbsp;&nbsp;registered pursuant to this prospectus for resale. </FONT></TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: justify">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD><FONT STYLE="font-size: 10pt">(4)</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Percentage is computed with reference to <FONT STYLE="background-color: white">19,289,734 </FONT>shares of our Common Stock outstanding as of November 18, 2022 and assumes for each Selling Stockholder the sale of all shares offered by that particular Selling Stockholder under this prospectus.</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">The
  Company may supplement this prospectus from time to time as required by the rules of the SEC to include certain information concerning
  the security ownership of the Selling Stockholders or any new Selling Stockholders, the number of securities offered for resale and the
  position, office or other material relationship which a Selling Stockholder has had within the past three years with the Company or any
  of its predecessors or affiliates.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>
  
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B><A NAME="a_007"></A>USE OF PROCEEDS</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We will not receive any proceeds
  from the resale of our Common Stock by the Selling Stockholders pursuant to this prospectus. However, we will receive the exercise price
  of any Common Stock issued to the Selling Stockholders upon cash exercise by them of their options. We would expect to use these proceeds,
  if any, for general working capital purposes. We have agreed to pay the expenses of registration of these shares.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">&nbsp;</P>
  
  
  <!-- Field: Page; Sequence: 26; Value: 1 -->
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B><A NAME="a_008"></A>PLAN OF DISTRIBUTION</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In this section of the prospectus,
  the term &ldquo;Selling Stockholder&rdquo; means and includes:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
    <TR STYLE="vertical-align: top">
      <TD STYLE="width: 0.5in">&nbsp;</TD>
      <TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">the persons identified in the table above as the Selling Stockholders;</FONT></TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: justify">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">those persons whose identities are not known as of the date hereof but may in the future be eligible to receive options under the 2021 Plan: and</FONT></TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: justify">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">any of the donees, pledgees, distributees, transferees or other successors in interest of those persons referenced above who may: (a) receive any of the shares of our common stock offered hereby after the date of this prospectus and (b) offer or sell those shares hereunder.</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The shares of our Common Stock
  offered by this prospectus may be sold from time to time directly by the Selling Stockholders. Alternatively, the Selling Stockholders
  may from time to time offer such shares through underwriters, brokers, dealers, agents or other intermediaries. The Selling Stockholders
  as of the date of this prospectus have advised us that there were no underwriting or distribution arrangements entered into with respect
  to the Common Stock offered hereby. The distribution of the Common Stock by the Selling Stockholders may be effected: in one or more transactions
  that may take place on The Nasdaq Capital Market (including one or more block transaction) through customary brokerage channels, either
  through brokers acting as agents for the Selling Stockholders, or through market makers, dealers or underwriters acting as principals
  who may resell these shares on The Nasdaq Capital Market; in privately-negotiated sales; by a combination of such methods; or by other
  means. These transactions may be affected at market prices prevailing at the time of sale, at prices related to such prevailing market
  prices or at other negotiated prices. Usual and customary or specifically negotiated brokerage fees or commissions may be paid by the
  Selling Stockholders in connection with sales of our Common Stock.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Selling Stockholders may
  enter into hedging transactions with broker-dealers in connection with distributions of the shares or otherwise. In such transactions,
  broker-dealers may engage in short sales of the shares of our Common Stock in the course of hedging the positions they assume with the
  Selling Stockholders. The Selling Stockholders also may sell shares short and redeliver the shares to close out such short positions.
  The Selling Stockholders may enter into option or other transactions with broker-dealers which require the delivery to the broker-dealer
  of shares of our Common Stock. The broker-dealer may then resell or otherwise transfer such shares of Common Stock pursuant to this prospectus.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Selling Stockholders also
  may lend or pledge shares of our Common Stock to a broker-dealer. The broker-dealer may sell the shares of Common Stock so lent, or upon
  a default the broker-dealer may sell the pledged shares of Common Stock pursuant to this prospectus. Any securities covered by this prospectus
  which qualify for sale pursuant to Rule 144 may be sold under Rule 144 rather than pursuant to this prospectus.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Selling Stockholders have
  advised us that they have not entered into any agreements, understandings or arrangements with any underwriters or broker-dealers regarding
  the sale of their securities. There is no underwriter or coordinating broker acting in connection with the proposed sale of shares of
  Common Stock the Selling Stockholders.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Although the shares of Common
  Stock covered by this prospectus are not currently being underwritten, the Selling Stockholders or their underwriters, brokers, dealers
  or other agents or other intermediaries, if any, that may participate with the selling security holders in any offering or distribution
  of Common Stock may be deemed &ldquo;underwriters&rdquo; within the meaning of the Securities Act and any profits realized or commissions
  received by them may be deemed underwriting compensation thereunder.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under applicable rules and
  regulations under the Exchange Act, any person engaged in a distribution of shares of the Common Stock offered hereby may not simultaneously
  engage in market making activities with respect to the Common Stock for a period of up to five days preceding such distribution. The Selling
  Stockholders will be subject to the applicable provisions of the Exchange Act and the rules and regulations promulgated thereunder, including
  without limitation Regulation M, which provisions may limit the timing of purchases and sales by the Selling Stockholders.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In order to comply with certain
  state securities or blue-sky laws and regulations, if applicable, the Common Stock offered hereby will be sold in such jurisdictions only
  through registered or licensed brokers or dealers. In certain states, the Common Stock may not be sold unless they are registered or qualified
  for sale in such state, or unless an exemption from registration or qualification is available and is obtained.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">We will bear all costs, expenses
  and fees in connection with the registration of the Common Stock offered hereby. However, the Selling Stockholders will bear any brokerage
  or underwriting commissions and similar selling expenses, if any, attributable to the sale of the shares of Common Stock offered pursuant
  to this prospectus. We have agreed to indemnify the Selling Stockholders against certain liabilities, including liabilities under the
  Securities Act, or to contribute to payments to which any of those security holders may be required to make in respect thereof.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">There can be no assurance
  that the Selling Stockholders will sell any or all of the securities offered by them hereby.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><A NAME="a_009"></A>LEGAL MATTERS</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">The validity of the securities
  being offered herein has been passed upon for us by Ellenoff Grossman &amp; Schole LLP, New York, New York.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><A NAME="a_010"></A>EXPERTS</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">The financial statements of
  Cuentas Inc. as of December 31, 2021, and 2020, and for each of the years in the two-year period ended December 31, 2021, have been audited
  by Halperin Ilanit, CPA, an independent registered public accounting firm, as stated in their consent appearing herein. Such financial
  statements are incorporated by reference into this prospectus and registration statement in reliance upon the report of Halperin Ilanit,
  CPA, appearing in our Annual Report on Form 10-K as filed with the SEC on April 1, 2022, and upon the authority of such firm as experts
  in accounting and auditing.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>DISCLOSURE OF COMMISSION POSITION ON</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><B>INDEMNIFICATION FOR SECURITIES LAWS VIOLATIONS</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Insofar as indemnification
  for liabilities arising under the Securities Act may be permitted to our directors, officers and controlling persons pursuant to the foregoing
  provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities
  Act and is, therefore, unenforceable.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><B>You should rely only on
  the information contained in this document. We have not authorized anyone to provide you with information that is different. This document
  may only be used where it is legal to sell these securities. The information in this document may only be accurate on the date of this
  document.</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"><B>Additional risks and uncertainties
  not presently known or that are currently deemed immaterial may also impair our business operations. The risks and uncertainties described
  in this document and other risks and uncertainties which we may face in the future will have a greater impact on those who purchase our
  common stock. These purchasers will purchase our common stock at the market price or at a privately negotiated price and will run the
  risk of losing their entire investment.</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>CUENTAS
  INC.</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="background-color: white"><B>3,150,000</B></FONT><B>
  Shares of</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Common Stock</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>
  
  <P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>PROSPECTUS</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>
  
  <P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>December 30, 2022</B></P>
  
  <P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>
  
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></P>
  
  <!-- Field: Page; Sequence: 29; Options: NewSection -->
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><B>PART II</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><B>INFORMATION NOT REQUIRED IN PROSPECTUS</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><B>Item 3. Incorporation of Documents by Reference</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in; background-color: white">We
  are &ldquo;incorporating by reference&rdquo; in this prospectus certain documents we file with the SEC, which means that we can disclose
  important information to you by referring you to those documents. The information in the documents incorporated by reference is considered
  to be part of this prospectus. Statements contained in documents that we file with the SEC and that are incorporated by reference in this
  prospectus will automatically update and supersede information contained in this prospectus, including information in previously filed
  documents or reports that have been incorporated by reference in this prospectus, to the extent the new information differs from or is
  inconsistent with the old information. We have filed or may file the following documents with the SEC, and they are incorporated herein
  by reference as of their respective dates of filing.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in; background-color: white">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR STYLE="vertical-align: top">
      <TD STYLE="width: 72px">&nbsp;</TD>
      <TD STYLE="width: 24px"><FONT STYLE="font-size: 10pt">(i)</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">our Annual Report on <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022017203/f10k2021_cuentasinc.htm">Form 10-K</A> for the fiscal year ended December 31, 2021, as filed with the SEC on April 1, 2022;</FONT></TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: justify">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">(ii)</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">our Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, June 30, 2022, and September 30, 2022, as filed with the SEC on <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022026681/f10q0322_cuentasinc.htm">May 16, 2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022048037/f10q0622_cuentasinc.htm">August 15, 2022</A>, and <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022071655/f10q0922_cuentasinc.htm">November 14, 2022</A>, respectively; </FONT></TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: justify">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">(iii)</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">our Current Reports on Form 8-K as filed with the SEC on <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022001588/ea153866-8k_cuentasinc.htm">January&nbsp; 11, 2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022005966/ea155099-8k_cuentas.htm">February 8, 2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022023719/ea159329-8k_cuentas.htm">May 3, 2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022028643/ea160406-8k_cuentas.htm">May 23, 2022</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/1424657/000121390022031082/ea161043-8k_cuentas.htm">June 3, 2022</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/1424657/000121390022032907/ea161612-8k_cuentas.htm">June 15, 2022</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/1424657/000121390022035249/ea162148-8k_cuentas.htm">June 27, 2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022038209/ea162552-8k_cuentas.htm">July 8, 2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022042965/ea163583-8k_cuentas.htm">July 29, 2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022044573/ea163801-8k_cuentasinc.htm">August 4, 2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022045532/ea163985-8k_cuentas.htm">August 9, 2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022050827/ea164905-8k_cuentas.htm">August 24, 2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022051522/ea165046-8k_cuentas.htm">August 26, 2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022062548/ea166860-8k_cuentas.htm">October 6, 2022</A>, <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022070207/ea168250-8k_cuentas.htm">November 8, 2022</A>,  <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022072843/ea168696-8k_cuentas.htm">November 15, 2022</A>,&nbsp;and <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/1424657/000121390022082619/ea170848-8k_cuentas.htm">December 23, 2022</A>;</FONT></TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: justify">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">(iv)</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1424657/000121390022077744/def14a1122_cuentasinc.htm">Definitive Proxy</A> filed December 6, 2022; and</FONT></TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: justify">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">(v)</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">The description of the Company&rsquo;s securities registered under Section 12 of the Exchange Act filed with the SEC on February 1, 2021.</FONT></TD></TR>
    </TABLE>
  
  <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">All documents that we filed
  with the SEC pursuant to Sections 13(a), 13(c), 14, and 15(d) of the Exchange Act subsequent to the date of this prospectus that indicates
  that all securities offered under this prospectus have been sold, or that deregisters all securities then remaining unsold, will be deemed
  to be incorporated in this prospectus by reference and to be a part hereof from the date of filing of such documents.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Any statement contained in
  a document incorporated or deemed to be incorporated by reference in this prospectus shall be deemed modified, superseded or replaced
  for purposes of this prospectus to the extent that a statement contained in this prospectus, or in any subsequently filed document that
  also is deemed to be incorporated by reference in this prospectus, modifies, supersedes or replaces such statement. Any statement so modified,
  superseded or replaced shall not be deemed, except as so modified, superseded or replaced, to constitute a part of this prospectus. None
  of the information that we disclose under Items 2.02 or 7.01 of any Current Report on Form 8-K or any corresponding information, either
  furnished under Item 9.01 or included as an exhibit therein, that we may from time to time furnish to the SEC will be incorporated by
  reference into, or otherwise included in, this prospectus, except as otherwise expressly set forth in the relevant document. Subject to
  the foregoing, all information appearing in this prospectus is qualified in its entirety by the information appearing in the documents
  incorporated by reference.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">You may request, orally or
  in writing, a copy of these documents, which will be provided to you at no cost (other than exhibits, unless such exhibits are specifically
  incorporate by reference), by contacting Matthew Schulman, c/o Cuentas Inc., at 235 Lincoln Rd., Suite 210, Miami Beach, Florida 33139.
  Our telephone number is (800) 611-3622. Information about us is also available at our website at www.cuentas.com. However, the information
  in our website is not a part of this prospectus and is not incorporated by reference.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><B>Item 4. Description of Securities</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Not applicable.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><B>Item 5. Interests of Named Experts and Counsel.</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Not applicable.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><B>Item 6. Indemnification of Officers and Directors.</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">The Florida Business Corporation
  Act (the &ldquo;FBCA&rdquo;) provides that a corporation may indemnify a director or officer against liability if the director or officer
  acted in good faith, the director or officer acted in a manner he or she reasonably believed to be in, or not opposed to, the best interests
  of the corporation, and in the case of any criminal proceeding, the director or officer had no reasonable cause to believe his or her
  conduct was unlawful. A corporation may not indemnify a director or an officer except for expenses and amounts paid in settlement not
  exceeding, in the judgment of the board of directors, the estimated expense of litigating the proceeding to conclusion, actually and reasonably
  incurred in connection with the defense or settlement of such proceeding, including any appeal thereof, where such person acted in good
  faith and in a manner he or she reasonably believed to be in, or not opposed to, the best interests of the corporation.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">The FBCA provides that a corporation
  must indemnify a director or officer who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which
  the individual was a party because he or she is or was a director or officer of the corporation against expenses incurred by the individual
  in connection with the proceeding.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">A corporation may, before final disposition
  of a proceeding, advance funds to pay for or reimburse expenses incurred in connection with the proceeding by a director or an officer
  if the director or officer delivers to the corporation a signed written undertaking of the director or officer to repay any funds advanced
  if such director or officer is not entitled to indemnification.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Our amended and restated articles of
  incorporation and bylaws provide that we shall indemnify our directors, officers, employees and agents to the full extent permitted by
  FBCA, including in circumstances in which indemnification is otherwise discretionary under such law.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">These indemnification provisions may
  be sufficiently broad to permit indemnification of our officers, directors and other corporate agents for liabilities (including reimbursement
  of expenses incurred) arising under the Securities Act.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Insofar as indemnification for liabilities
  arising under the Securities Act may be permitted to directors, officers and controlling persons of our company pursuant to the foregoing
  provisions, or otherwise, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed
  in the Securities Act and is, therefore, unenforceable.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">We have the power to purchase
  and maintain insurance on behalf of any person who is or was one of our directors or officers, or is or was serving at our request as
  a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other business against any liability
  asserted against the person or incurred by the person in any of these capacities, or arising out of the person&rsquo;s fulfilling one
  of these capacities, and related expenses, whether or not we would have the power to indemnify the person against the claim under the
  provisions of the FBCA. We do not currently maintain director and officer liability insurance on behalf of our director and officers;
  however, we intend to so purchase and maintain such insurance when economically feasible.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Additionally, our amended
  and restated articles of incorporation provides that we shall, to the maximum extent permitted from time to time under the law of the
  State of Florida, indemnify and upon request shall advance expenses to any person who is or was a party or is threatened to be made a
  party to any threatened, pending or completed action, suit, proceeding or claim, whether civil, criminal, administrative or investigative,
  by reason of the fact that such person is or was or has agreed to be a director or officer of ours or while a director or officer is or
  was serving at our request as a director, officer, partner, trustee, employee or agent of any corporation, partnership, joint venture,
  trust or other enterprise, including service with respect to employee benefit plans, against expenses (including attorneys&rsquo; fees
  and expenses), judgments, fines, penalties and amounts paid in settlement incurred in connection with the investigation, preparation to
  defend or defense of such action, suit, proceeding or claim; provided, however, that the foregoing shall not require us to indemnify or
  advance expenses to any person in connection with any action, suit, proceeding or claim initiated by or on behalf of such person or any
  counterclaim against us initiated by or on behalf of such person. Such indemnification shall not be exclusive of other indemnification
  rights arising under any by-law, agreement, vote of directors or stockholders or otherwise and shall inure to the benefit of the heirs
  and legal representatives of such person. Any person seeking indemnification shall be deemed to have met the standard of conduct required
  for such indemnification unless the contrary shall be established. Any repeal or modification of our amended and restated articles of
  incorporation shall not adversely affect any right or protection of a director or officer of ours with respect to any acts or omissions
  of such director or officer occurring prior to such repeal or modification.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Expenses incurred by such
  a person in defending a civil or criminal action, suit or proceeding by reason of the fact that such person is or was, or has agreed to
  become, a director or officer of ours, or is or was serving, or has agreed to serve, at our request, as a director, officer or trustee
  of, or in a similar capacity with, another corporation, partnership, joint venture, trust or other enterprise, including any employee
  benefit plan, or by reason of any action alleged to have been taken or omitted in such capacity shall be paid by us in advance of the
  final disposition of such action, suit or proceeding upon receipt of an undertaking by or on behalf of such person to repay such amount
  if it shall ultimately be determined that he is not entitled to be indemnified by us as authorized by relevant sections of the FBCA. Notwithstanding
  the foregoing, we shall not be required to advance such expenses to a person who is a party to an action, suit or proceeding brought by
  us and approved by a majority of our Board of Directors that alleges willful misappropriation of corporate assets by such person, disclosure
  of confidential information in violation of such person&rsquo;s fiduciary or contractual obligations to us or any other willful and deliberate
  breach in bad faith of such person&rsquo;s duty to us or our stockholders.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">We shall not indemnify any
  such person seeking indemnification in connection with a proceeding (or part thereof) initiated by such person unless the initiation thereof
  was approved by our Board of Directors.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">The indemnification rights
  provided in our bylaws, which will be in effect upon the consummation of this offering, shall not be deemed exclusive of any other rights
  to which those indemnified may be entitled under any by-law, agreement or vote of stockholders or disinterested directors or otherwise,
  both as to action in their official capacities and as to action in another capacity while holding such office, continue as to such person
  who has ceased to be a director or officer, and inure to the benefit of the heirs, executors and administrators of such a person.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">If the FBCA Law is amended
  to expand further the indemnification permitted to indemnitees, then we shall indemnify such persons to the fullest extent permitted by
  the FBCA, as so amended.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">We may, to the extent authorized
  from time to time by our Board of Directors, grant indemnification rights to other employees or agents of ours or other persons serving
  us, and such rights may be equivalent to, or greater or less than, those set forth in our bylaws, which will be in effect upon the consummation
  of this offering.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Our obligation to provide
  indemnification under our bylaws, which will be in effect upon the consummation of this offering, shall be offset to the extent of any
  other source of indemnification or any otherwise applicable insurance coverage under a policy maintained by us or any other person.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">To assure indemnification
  under our bylaws, which will be in effect upon the consummation of this offering, of all directors, officers, employees or agents who
  are determined by us or otherwise to be or to have been &ldquo;fiduciaries&rdquo; of any employee benefit plan of ours that may exist
  from time to time, the FBCA shall, for the purposes of our bylaws, which will be in effect upon the consummation of this offering, be
  interpreted as follows: an &ldquo;other enterprise&rdquo; shall be deemed to include such an employee benefit plan, including without
  limitation, any plan of ours that is governed by the Act of Congress entitled &ldquo;Employee Retirement Income Security Act of 1974,&rdquo;
  as amended from time to time; we shall be deemed to have requested a person to serve an employee benefit plan where the performance by
  such person of his duties to us also imposes duties on, or otherwise involves services by, such person to the plan or participants or
  beneficiaries of the plan; and excise taxes assessed on a person with respect to an employee benefit plan pursuant to such Act of Congress
  shall be deemed &ldquo;fines.&rdquo;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Our bylaws, which will be
  in effect upon the consummation of this offering, shall be deemed to be a contract between us and each person who was or is a party or
  is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative
  or investigative, by reason of the fact that person is or was, or has agreed to become, a director or officer of ours, or is or was serving,
  or has agreed to serve, at our request, as a director, officer or trustee of, or in a similar capacity with, another corporation, partnership,
  joint venture, trust or other enterprise, including any employee benefit plan, or by reason of any action alleged to have been taken or
  omitted in such capacity, at any time while this by-law is in effect, and any repeal or modification thereof shall not affect any rights
  or obligations then existing with respect to any state of facts then or theretofore existing or any action, suit or proceeding theretofore
  or thereafter brought based in whole or in part upon any such state of facts.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">The indemnification provision
  of our bylaws, which will be in effect upon the consummation of this offering, does not affect directors&rsquo; responsibilities under
  any other laws, such as the federal securities laws or state or federal environmental laws.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">We may purchase and maintain
  insurance on behalf of any person who is or was a director, officer or employee of ours, or is or was serving at our request as a director,
  officer, employee or agent of another company, partnership, joint venture, trust or other enterprise against liability asserted against
  him and incurred by him in any such capacity, or arising out of his status as such, whether or not we would have the power to indemnify
  him against liability under the provisions of this section. We currently maintain such insurance.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">The right of any person to
  be indemnified is subject to our right, in lieu of such indemnity, to settle any such claim, action, suit or proceeding at our expense
  of by the payment of the amount of such settlement and the costs and expenses incurred in connection therewith.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Insofar as indemnification
  for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling our company pursuant to
  the foregoing provisions, or otherwise, we have been advised that in the opinion of the Securities and Exchange Commission, such indemnification
  is against public policy as expressed in the Securities Act and is, therefore, unenforceable.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">In the event that a claim
  for indemnification against such liabilities (other than the payment of expenses incurred or paid by a director, officer or controlling
  person in a successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection
  with the securities being registered herewith, we will, unless in the opinion of our counsel the matter has been settled by controlling
  precedent, submit to the court of appropriate jurisdiction the question whether such indemnification by us is against public policy as
  expressed in the Securities Act and will be governed by the final adjudication of such issue.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">The Registrant plans to enter
  into an underwriting agreement, which provides that the underwriters are obligated, under some circumstances, to indemnify the Registrant&rsquo;s
  directors, officers and controlling persons against specified liabilities, including liabilities under the Securities Act.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Our articles of incorporation
  contain provisions to indemnify the directors, officers, employees and other agents to the fullest extent permitted by the FBCA. These
  provisions may have the practical effect in certain cases of eliminating the ability of shareholders to collect monetary damages from
  directors. We are also a party to indemnification agreements with each of our directors. We believe that these provisions will assist
  us in attracting and retaining qualified individuals to serve as our directors. Pursuant to the FCBA, our articles of incorporation exclude
  personal liability for our directors for monetary damages based upon any violation of their fiduciary duties as directors, except as to
  liability for any breach of the duty of loyalty, acts or omissions not in good faith or which involve intentional misconduct or a knowing
  violation of law, or any transaction from which a director receives an improper personal benefit. This exclusion of liability does not
  limit any right which a director may have to be indemnified and does not affect any director&rsquo;s liability under federal or applicable
  state securities laws. We have agreed to indemnify our directors against expenses, judgements, and amounts paid in settlement in connection
  with any claim against a director if he acted in good faith and in a manner, he believed to be in our best interests.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><B>Item 7. Exemption from Registration Claimed.</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 24.5pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">Not applicable.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><B>Item 8. Exhibits</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 24.5pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">The following exhibits are
  filed with this Registration Statement.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR>
      <TD STYLE="vertical-align: top; width: 9%; border-bottom: black 1.5pt solid"><FONT STYLE="font-size: 10pt"><B>Number</B></FONT></TD>
      <TD STYLE="vertical-align: top; width: 1%">&nbsp;</TD>
      <TD STYLE="vertical-align: top; width: 90%; border-bottom: black 1.5pt solid; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Description</B></FONT></TD>
      </TR>
    <TR>
      <TD STYLE="vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: justify">&nbsp;</TD>
      </TR>
    <TR STYLE="background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">3.1</FONT></TD>
      <TD STYLE="vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: justify"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1424657/000121390020023286/ea125906ex3-1_cuentas.htm">Amended and Restated Articles of Incorporation (incorporated by reference to Exhibit 3.2 of the Registrant&rsquo;s Annual Report on Form 10-K filed on March 25, 2021).</A></FONT></TD>
      </TR>
    <TR STYLE="background-color: White">
      <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">3.2</FONT></TD>
      <TD STYLE="vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: justify"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1424657/000121390021017558/f10k2020ex3-4_cuentas.htm">Amended and Restated Bylaws (incorporated by reference to Exhibit 3.4 to the Registrant&rsquo;s Annual Report on Form 10-K filed on March 25, 2021).</A></FONT></TD>
      </TR>
    <TR STYLE="background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">4.1</FONT></TD>
      <TD STYLE="vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: justify"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1424657/000121390021060543/def14a1121_cuentasinc.htm">Cuentas Inc., 2021 Share Incentive Plan. (incorporated by reference to Annex A to the definitive proxy filed on November 18, 2021)</A></FONT></TD>
      </TR>
    <TR STYLE="background-color: White">
      <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">5.1</FONT></TD>
      <TD STYLE="vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: justify"><A HREF="ea169558ex5-1_cuentas.htm"><FONT STYLE="font-size: 10pt">Opinion of Ellenoff Grossman &amp; Schole LLP (Filed herewith)</FONT></A></TD>
      </TR>
    <TR STYLE="background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">23.1</FONT></TD>
      <TD STYLE="vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: justify"><A HREF="ea169558ex23-1_cuentas.htm"><FONT STYLE="font-size: 10pt">Consent of_Halperin Ilnat, independent registered public accounting firm (Filed herewith)</FONT></A></TD>
      </TR>
    <TR STYLE="background-color: White">
      <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">23.2</FONT></TD>
      <TD STYLE="vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: justify"><A HREF="ea169558ex5-1_cuentas.htm"><FONT STYLE="font-size: 10pt">Consent of Ellenoff Grossman &amp; Schole LLP (included in Exhibit 5.1)</FONT></A></TD>
      </TR>
    <TR STYLE="background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">24</FONT></TD>
      <TD STYLE="vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: top; text-align: justify"><A HREF="#poa_001"><FONT STYLE="font-size: 10pt">Powers of Attorney (included on signature page)</FONT></A></TD>
      </TR>
    <TR STYLE="vertical-align: top; background-color: White">
      <TD><FONT STYLE="font-size: 10pt">107</FONT></TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><A HREF="ea169558ex-fee_cuentas.htm">Calculation of Filing Fee Table Form S-8 (Filed herewith)</A></FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"></P>
  
  <!-- Field: Page; Sequence: 33; Value: 1 -->
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      <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><B>Item 9. Undertakings.</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">(a) The undersigned registrant hereby undertakes:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">(1) To file, during any period
  in which offers, or sales are being made, a post-effective amendment to this registration statement</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 1in">(i) To include any material
  information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to
  such information in the registration statement.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">(2) That, for the purpose
  of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration
  statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
  bona fide offering thereof.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">(3) To remove from registration
  by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">(4) That prior to any public
  reoffering of the securities registered hereunder through use of a prospectus which is a part of this registration statement, by any person
  or party who is deemed to be an underwriter within the meaning of Rule 145(c), such reoffering prospectus will contain the information
  called for by the applicable registration form with respect to reofferings by persons who may be deemed underwriters, in addition to the
  information called for by the other items of the applicable form.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">(5) That every prospectus
  (i) that is filed pursuant to paragraph (4) immediately preceding, or (ii) that purports to meet the requirements of Section 10(a)(3)
  of the Securities Act of 1933 and is used in connection with an offering of securities subject to Rule 415, will be filed as a part of
  an amendment to the registration statement and will not be used until such amendment is effective, and that, for purposes of determining
  any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement
  relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide
  offering thereof.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">(6) That, for purposes of
  determining any liability under the Securities Act of 1933, each filing of the registrant&rsquo;s annual report pursuant to Section 13(a)
  or 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan&rsquo;s annual report
  pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall
  be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time
  shall be deemed to be the initial bona fide offering thereof.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">(7) To respond to requests
  for information that is incorporated by reference into the joint proxy statement/prospectus pursuant to Item 4, 10(b), 11 or 13 of this
  form, within one business day of receipt of such request, and to send the incorporated documents by first class mail or other equally
  prompt means. This includes information contained in documents filed subsequent to the effective date of the registration statement through
  the date of responding to the request.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">(8) To supply by means of
  a post-effective amendment all information concerning a transaction, and the company being acquired involved therein, that was not the
  subject of and included in the registration statement when it became effective.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">(b) Insofar as indemnification for liabilities
  arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to
  the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission
  such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a
  claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director,
  officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director,
  officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel
  the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification
  by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">(c) The undersigned registrant hereby undertakes
  that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant&rsquo;s annual report
  pursuant to section 13(a) or section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit
  plan&rsquo;s annual report pursuant to section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the
  registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering
  of such securities at that time shall be deemed to be the initial bona fide offering thereof.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"></P>
  
  <!-- Field: Page; Sequence: 34; Value: 1 -->
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center"><B><A NAME="poa_001"></A>SIGNATURES</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">Pursuant to the requirements of the Securities
  Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for
  filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized,
  on December 30, 2022.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B>CUENTAS INC.</B></FONT></TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD STYLE="width: 60%">&nbsp;</TD>
      <TD STYLE="width: 4%">&nbsp;</TD>
      <TD STYLE="width: 36%">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
      <TD STYLE="border-bottom: black 1.5pt solid"><FONT STYLE="font-size: 10pt"><I>/s/ Arik Maimon</I></FONT></TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>Arik Maimon</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">Interim Chief Executive Officer</FONT></TD></TR>
    </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: center; background-color: white"><B>POWER OF ATTORNEY</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">KNOW
  ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Arik Maimon his true and lawful attorney-in-fact,
  with full power of substitution and resubstitution for him and in his name, place and stead, in any and all capacities to sign any and
  all amendments including post-effective amendments to this registration statement, and to file the same, with all exhibits thereto, and
  other documents in connection therewith, with the SEC, hereby ratifying and confirming all that said attorney-in-fact or his substitute,
  each acting alone, may lawfully do or cause to be done by virtue thereof.</P>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in; background-color: white">Pursuant
  to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in
  the capacities and on the dates indicated.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
    <TR STYLE="vertical-align: bottom">
      <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">By: </FONT></TD>
      <TD STYLE="width: 36%; border-bottom: black 1.5pt solid"><FONT STYLE="font-size: 10pt"><I>/s/ Ran Daniel </I></FONT></TD>
      <TD STYLE="width: 50%; text-align: right"><FONT STYLE="font-size: 10pt">December 30, 2022</FONT></TD>
      <TD STYLE="width: 10%; text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">Ran Daniel</FONT></TD>
      <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">Chief Financial Officer </FONT></TD>
      <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">(Principal Financing and Accounting Officer)</FONT></TD>
      <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
      <TD STYLE="border-bottom: black 1.5pt solid"><FONT STYLE="font-size: 10pt"><I>/s/ Arik Maimon</I></FONT></TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">December 30, 2022</FONT></TD>
      <TD STYLE="text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">Arik Maimon</FONT></TD>
      <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">Interim Chief Executive Officer and Chairman of the Board</FONT></TD>
      <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">(Principal Executive Officer)</FONT></TD>
      <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
      <TD STYLE="border-bottom: black 1.5pt solid"><FONT STYLE="font-size: 10pt"><I>/s/ Michael De Prado </I></FONT></TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">December 30, 2022</FONT></TD>
      <TD STYLE="text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">Michael De Prado</FONT></TD>
      <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">Interim President and Vice Chairman of the Board</FONT></TD>
      <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD><FONT STYLE="font-size: 10pt">By: </FONT></TD>
      <TD STYLE="border-bottom: black 1.5pt solid"><FONT STYLE="font-size: 10pt"><I>/s/ Adiv Baruch </I></FONT></TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">December 30, 2022</FONT></TD>
      <TD STYLE="text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">Adiv Baruch</FONT></TD>
      <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">Director</FONT></TD>
      <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
      <TD STYLE="border-bottom: black 1.5pt solid"><FONT STYLE="font-size: 10pt"><I>/s/ Yochanon Bruk </I></FONT></TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">December 30, 2022</FONT></TD>
      <TD STYLE="text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">Yochanon Bruk</FONT></TD>
      <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">Director</FONT></TD>
      <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
      <TD STYLE="border-bottom: black 1.5pt solid"><FONT STYLE="font-size: 10pt"><I>/s/ Sara Sooy</I></FONT></TD>
      <TD STYLE="text-align: right"><FONT STYLE="font-size: 10pt">December 30, 2022</FONT></TD>
      <TD STYLE="text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">Sara Sooy</FONT></TD>
      <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD></TR>
    <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-size: 10pt">Director</FONT></TD>
      <TD COLSPAN="2" STYLE="text-align: right">&nbsp;</TD></TR>
    </TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: white">&nbsp;</P>
  
  <P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">II-6</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>
  
  <!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>
  </BODY>
  </HTML>
metadata_documents: [{"type": "S-8", "sequence": "1", "filename": "ea169558-s8_cuentas.htm", "description": "REGISTRATION STATEMENT", "secsgml_size_bytes": 320547}]
metadata_filer: {"company-data": {"conformed-name": "Cuentas Inc.", "cik": "0001424657", "assigned-sic": "5140", "irs-number": "463243320", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-269080", "film-number": "221502069"}, "business-address": {"street1": "235 LINCOLN ROAD", "street2": "SUITE 210", "city": "MIAMI BEACH", "state": "FL", "zip": "33139", "phone": "(800) 611-3622"}, "mail-address": {"street1": "235 LINCOLN ROAD", "street2": "SUITE 210", "city": "MIAMI BEACH", "state": "FL", "zip": "33139"}, "former-company": [{"former-conformed-name": "NEXT GROUP HOLDINGS, INC.", "date-changed": "20160418"}, {"former-conformed-name": "Pleasant Kids, Inc.", "date-changed": "20141223"}, {"former-conformed-name": "NYBD Holding, Inc.", "date-changed": "20130719"}]}
text: As filed with the Securities and Exchange Commission
  on December 30, 2022
  Registration
  No. 333-______________
  UNITED
  STATES
  SECURITIES
  AND EXCHANGE COMMISSION
  Washington,
  D.C. 20549
  FORM
  S-8
  REGISTRATION
  STATEMENT UNDER THE SECURITIES ACT OF 1933
  Cuentas
  Inc.
  (Exact
  name of registrant as specified in charter)
  Florida
  20-3537265
  (State
  or Other Jurisdiction of
  Incorporation or Organization)
  (IRS
                                              Employer
  Identification
      No.)
  235
                                              Lincoln Rd., Suite 210
  Miami
      Beach, Florida
  33139
  (Address
      of Principal Executive Offices)
  (Zip
      Code)
  2021
  Share Incentive Plan
  (Full
  Title of the Plan)
  Arik
  Maimon
  Chief
  Executive Officer
  Cuentas
  Inc.
  235
  Lincoln Rd., Suite 210
  Miami
  Beach, Florida 33139
  (Name
  and Address of Agent for Service)
  (800)
  611-3622
  Telephone
  Number, Including Area Code of Agent for Service.
  Copy
  to:
  Barry
  I. Grossman, Esq.
  David
  Selengut, Esq.
  Matthew
  Bernstein, Esq.
  Ellenoff
  Grossman & Schole LLP
  1345
  Avenue of the Americas, 11th Floor
  New
  York, New York 10105
  Telephone:
  (212) 370-1300
  Facsimile:
  (212) 370-7889
  Indicate
  by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
  company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer,"
  "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):
  Large
      accelerated filer
  ☐
  Accelerated
      filer
  ☐
  Non-accelerated
      filer
  ☒
  Smaller
      reporting company
  ☒
  Emerging
      growth company
  ☐
  If
  an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
  with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐
  Explanatory
  Note
  This Registration Statement
  on Form S-8 of Cuentas, Inc. ("we," "us," "our" or the "Company") has been prepared in
  accordance with the requirements of Form S-8 under the Securities Act of 1933, as amended (the "Securities Act"), to register
  3,150,000 shares of our common stock, par value $0.001 per share, which may be offered and sold pursuant to 2021 Share Incentive Plan.
  This Registration Statement
  includes, pursuant to General Instruction E to Form S-8 and Rule 429 of the Securities Act, a re-offer prospectus in Part I (the "Reoffer
  Prospectus"). The Reoffer Prospectus may be utilized for re-offerings and resales by certain executive officers and directors listed
  in the Reoffer Prospectus who may be deemed "affiliates" of the Company on a continuous or a delayed basis in the future of
  up to 3,150,000 shares of common stock. These shares constitute "control securities" or "restricted securities"
  which have been issued prior to or issuable after the filing of this Registration Statement. The Reoffer Prospectus does not contain all
  of the information included in the Registration Statement, certain items of which are contained in schedules and exhibits to the Registration
  Statement, as permitted by the rules and regulations of the SEC. Statements contained in this Reoffer Prospectus as to the contents of
  any agreement, instrument or other document referred to are not necessarily complete. With respect to each such agreement, instrument
  or other document filed as an exhibit to the Registration Statement, we refer you to the exhibit for a more complete description of the
  matter involved, and each such statement shall be deemed qualified in its entirety by this reference.
  PART
  I
  INFORMATION
  REQUIRED IN THE SECTION 10(a) PROSPECTUS
  Cuentas Inc., a Florida corporation
  (the "Company", "us", "our" or "we"), has prepared this Registration Statement on Form
  S-8 (the "Registration Statement") in accordance with the requirements of Form S-8 under the Securities Act of 1933, as amended
  (the "Securities Act"), to register 3,150,000 shares of our common stock, par value $0.001 per share (the "Common Stock"),
  issuable pursuant to the 2021 Share Incentive Plan (the "2021 Plan") and to file a prospectus, prepared in accordance with
  the requirements of Part I of Form S-3 and, pursuant to General Instruction C of Form S-8, to be used for reoffers and resales of Common
  Stock acquired by persons to be named therein upon the exercise of options and restricted stock awards granted under the 2021 Share Incentive
  Plan.
  Pursuant
  to the Note to Part I on Form S-8, the documents containing the information specified in Part I of this Registration Statement will be
  sent or given to plan participants as specified by Rule 428(b)(1) of the Securities Act. Such documents are not required to be filed,
  and are not filed, with the United States Securities and Exchange Commission either as part of this Registration Statement or as prospectuses
  or prospectus supplements pursuant to Rule 424 of the Securities Act. These documents and the documents incorporated by reference in
  this Registration Statement pursuant to Item 3 of Part II of this Form S-8, taken together, constitute a prospectus that meets the requirements
  of Section 10(a) of the Securities Act.
  REOFFER
  PROSPECTUS
  Cuentas
  Inc.
  Up
  to 3,150,000 shares of Common Stock under the 2021 Share Incentive Plan
  This
  prospectus relates to the resale of up to 3,150,000 shares (the "Shares") of common stock, par value $0.001 per share (the
  "Common Stock"), of Cuentas Inc., a Florida corporation (the "Company", "us", "our" or
  "we"), which may be offered and sold from time to time by certain stockholders of the Company (the "Selling Stockholders")
  who have acquired or will acquire such Shares in connection with the exercise of stock options granted, and with stock or other awards
  made, and with the purchase of stock under, the Company's 2021 Share Incentive Plan (the " 2021 Plan").
  The
  persons who are issued such Shares may include our directors, officers, employees and consultants, certain of whom may be considered our
  "affiliates". Such persons may, but are not required to, sell the Shares they acquire pursuant to this prospectus. If any
  additional awards are issued to affiliates under the 2021 Plan, we will file with the Securities and Exchange Commission (the "SEC")
  an update to this prospectus naming such person as a selling shareholder and indicating the number of shares such person is offering pursuant
  to the prospectus. See "Selling Stockholders" on page 18 of this prospectus. Our Common Stock is listed on The NASDAQ Stock
  Market under the symbol "CUEN." On December 29, 2022 the closing price of the Common Stock on The NASDAQ Capital Stock Market
  was $0.18 per share.
  We
  will not receive any of the proceeds from sales of the Shares by any of the Selling Stockholders. The Shares may be offered from time
  to time by any or all of the Selling Stockholders through ordinary brokerage transactions, in negotiated transactions or in other transactions,
  at such prices as such Selling Stockholder may determine, which may relate to market prices prevailing at the time of sale or be a negotiated
  price. See "Plan of Distribution." Sales may be made through brokers or to dealers, who are expected to receive customary
  commissions or discounts. We are paying all expenses of registration incurred in connection with this offering, but the Selling Stockholders
  will pay all brokerage commissions and other selling expenses.
  The
  Selling Stockholders and participating brokers and dealers may be deemed to be "underwriters" within the meaning of the Securities
  Act, in which event any profit on the sale of shares of those Selling Stockholders and any commissions or discounts received by those
  brokers or dealers may be deemed to be underwriting compensation under the Securities Act.
  SEE
  "RISK FACTORS" BEGINNING ON PAGE 13 OF THIS PROSPECTUS FOR A DISCUSSION OF CERTAIN RISKS AND OTHER FACTORS THAT YOU
  SHOULD CONSIDER BEFORE PURCHASING OUR COMMON STOCK.
  Neither
  the SEC nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful
  or complete. Any representation to the contrary is a criminal offense.
  The date of this prospectus
  is December 30, 2022.
  TABLE
  OF CONTENTS
  Page No
  Where You Can Find More Information
  ii
  Incorporation of Certain Documents By Reference
  ii
  Note on Forward Looking Statements
  iii
  The Company
  1
  Risk Factors
  13
  Selling Stockholders
  18
  Use of Proceeds
  18
  Plan of Distribution
  19
  Legal Matters
  20
  Experts
  20
  You
  should rely only on the information contained in or incorporated by reference into this prospectus or any prospectus supplement. We have
  not authorized any person to give any information or to make any representations other than those contained or incorporated by reference
  in this prospectus, and, if given or made, you must not rely upon such information or representations as having been authorized. This
  prospectus does not constitute an offer to sell or the solicitation of an offer to buy any securities other than our shares of common
  stock described in this prospectus or an offer to sell or the solicitation to buy such securities in any circumstances in which such
  offer or solicitation is unlawful. You should not assume that the information we have included in this prospectus is accurate as of any
  date other than the date of this prospectus or that any information we have incorporated by reference is accurate as of any date other
  than the date of the document incorporated by reference regardless of the time of delivery of this prospectus or of any securities registered
  hereunder.
  i
  WHERE
  YOU CAN FIND MORE INFORMATION
  The
  Company is subject to the information requirements of the Securities Exchange Act of 1934, as amended (the "Exchange Act"),
  and, in accordance therewith, files reports, proxy statements and other information with the SEC. We are required to file electronic
  versions of those materials with the SEC through the SEC's EDGAR system. The SEC maintains an Internet site at http://www.sec.gov,
  which contains reports, proxy and information statements and other information regarding registrants that file electronically with the
  SEC. You can read and copy the reports, proxy statements and other information filed by the Company with the SEC at such Internet site.
  This
  prospectus constitutes part of a Registration Statement on Form S-8 filed on the date hereof (herein, together with all amendments and
  exhibits, referred to as the "Registration Statement") by the Company with the SEC under the Securities Act. This prospectus
  does not contain all of the information set forth in the Registration Statement, certain parts of which we have omitted, in accordance
  with the rules and regulations of the SEC. You should refer to the full Registration Statement for further information with respect to
  the Company and our Common Stock.
  Statements
  contained herein concerning the provisions of any contract, agreement or other document are not necessarily complete, and in each instance,
  reference is made to the copy of such contract, agreement or other document filed as an exhibit to the Registration Statement or otherwise
  filed with the SEC. Each such statement is qualified in its entirety by such reference. Copies of the Registration Statement together
  with exhibits may be inspected at the offices of the SEC as indicated above without charge and copies thereof may be obtained therefrom
  upon payment of a prescribed fee.
  No
  person is authorized to give any information or to make any representations, other than those contained in this prospectus, in connection
  with the offering described herein, and, if given or made, such information or representations must not be relied upon as having been
  authorized by the Company or any Selling Stockholder. This prospectus does not constitute an offer to sell, or a solicitation of an offer
  to buy, nor shall there be any sale of these securities by any person in any jurisdiction in which it is unlawful for such person to
  make such offer, solicitation or sale. Neither the delivery of this prospectus nor any sale made hereunder shall under any circumstances
  create an implication that the information contained herein is correct as of any time subsequent to the date hereto.
  INCORPORATION
  OF CERTAIN DOCUMENTS BY REFERENCE
  We
  are "incorporating by reference" in this prospectus certain documents we file with the SEC, which means that we can disclose
  important information to you by referring you to those documents. The information in the documents incorporated by reference is considered
  to be part of this prospectus. Statements contained in documents that we file with the SEC and that are incorporated by reference in
  this prospectus will automatically update and supersede information contained in this prospectus, including information in previously
  filed documents or reports that have been incorporated by reference in this prospectus, to the extent the new information differs from
  or is inconsistent with the old information. We have filed or may file the following documents with the SEC, and they are incorporated
  herein by reference as of their respective dates of filing:
  (i)
  our Annual Report on
  Form 10-K
  for the fiscal year ended December 31, 2021, as filed with the SEC on April 1, 2022;
  (ii)
  our Quarterly Report on Form 10-Q for the quarter ended March 31, 2022,
  June 30, 2022, and September 30, 2022, as filed with the SEC on
  May
  16, 2022
  ,
  August 15,
  2022
  , and
  November 14,
  2022
  , respectively;
  (iii)
  our Current Reports on Form 8-K as filed with the SEC on
  January 11, 2022
  ,
  February 8,
      2022
  ,
  May 3,
      2022
  ,
  May 23,
      2022
  ,
  June 3,
      2022
  ,
  June 15, 2022
  ,
  June 27, 2022
  ,
  July
      8, 2022
  ,
  July 29,
      2022
  ,
  August 4,
      2022
  ,
  August 9,
      2022
  ,
  August 24,
      2022
  ,
  August 26,
      2022
  ,
  October 6,
      2022
  ,
  November 8,
      2022
  ,
  November
      15, 2022
  , and
  December 23, 2022
  ;
  (iv)
  Definitive Proxy
  filed December 6, 2022;
  (v)
  The description of the Company's securities registered under
  Section 12 of the Exchange Act filed with the SEC on February 1, 2021.
  All
  documents that we filed with the SEC pursuant to Sections 13(a), 13(c), 14, and 15(d) of the Exchange Act subsequent to the date of this
  prospectus that indicates that all securities offered under this prospectus have been sold, or that deregisters all securities then remaining
  unsold, will be deemed to be incorporated in this prospectus by reference and to be a part hereof from the date of filing of such documents.
  Any
  statement contained in a document incorporated or deemed to be incorporated by reference in this prospectus shall be deemed modified,
  superseded or replaced for purposes of this prospectus to the extent that a statement contained in this prospectus, or in any subsequently
  filed document that also is deemed to be incorporated by reference in this prospectus, modifies, supersedes or replaces such statement.
  Any statement so modified, superseded or replaced shall not be deemed, except as so modified, superseded or replaced, to constitute a
  part of this prospectus. None of the information that we disclose under Items 2.02 or 7.01 of any Current Report on Form 8-K or any corresponding
  information, either furnished under Item 9.01 or included as an exhibit therein, that we may from time to time furnish to the SEC will
  be incorporated by reference into, or otherwise included in, this prospectus, except as otherwise expressly set forth in the relevant
  document. Subject to the foregoing, all information appearing in this prospectus is qualified in its entirety by the information appearing
  in the documents incorporated by reference.
  You
  may request, orally or in writing, a copy of these documents, which will be provided to you at no cost (other than exhibits, unless such
  exhibits are specifically incorporated by reference), by contacting Matthew Schulman, c/o Cuentas Inc. at 235 Lincoln Rd., Suite 210,
  Miami Beach, FL 33139. Our telephone number is (800) 611-3622. Information about us is also available at our website at www.cuentas.com.
  However, the information in our website is not a part of this prospectus and is not incorporated by reference.
  ii
  NOTE
  ON FORWARD LOOKING STATEMENTS
  This
  prospectus and the documents incorporated by reference herein contain a number of "forward-looking statements" within the
  meaning of the federal securities laws. Our forward-looking statements include, but are not limited to, statements about us and our industry,
  as well as statements regarding our and our management team's expectations, hopes, beliefs, intentions or strategies regarding
  the future. Additionally, any statements that refer to projections, forecasts or other characterization of future events or circumstances,
  including any underlying assumption, are forward-looking statements. We intend the forward-looking statements to be covered by the safe
  harbor provisions of the federal securities laws. When used in this prospectus and the documents incorporated by reference herein, the
  words such as "anticipate," "believe," "can," "continue," "could," "estimate,"
  "expect," "future," "intend," "may," "plan," "potential," "predicts,"
  "should," or "will" and words or phrases of similar import, as well as statements in future tense, as they relate
  to our financial position, business strategy and plans, or objectives of management, are intended to identify forward-looking statements;
  however, the absence of these words does not mean that a statement is not forward-looking. These statements reflect our current view
  with respect to future events and are subject to risks, uncertainties and assumptions relating to various factors.
  Forward-looking
  statements should not be read as a guarantee of future performance or results and may not be accurate indications of when such performance
  or results will be achieved. Forward-looking statements are based on information we have when those statements are made or management's
  good faith belief as of that time with respect to future events and are subject to significant risks and uncertainties that could cause
  actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that
  could cause or contribute to such differences include, but are not limited to, those discussed in this prospectus, and in particular,
  the risks discussed below and under the heading "Risk Factors" and those discussed in other documents we file with the SEC.
  The following discussion should be read in conjunction with the condensed consolidated financial statements for the fiscal years ended
  December 31, 2021 and 2020, and the notes incorporated by reference herein. We undertake no obligation to revise or publicly release the
  results of any revision to these forward-looking statements, except as required by law. In light of these risks, uncertainties and assumptions,
  the forward-looking events and circumstances discussed in this prospectus may not occur and actual results could differ materially and
  adversely from those anticipated or implied in the forward-looking statement.
  You
  should understand that the following important risk factors, in addition to those discussed in our periodic reports on Forms 10-Q, 8-K
  and 10-K filed with the SEC under the Exchange Act, could affect our future results and could cause those results to differ materially
  from those expressed in such forward-looking statements. You should understand that it is not possible to predict or identify all risk
  factors. A variety of factors, some of which are outside of our control, may cause our operating results to fluctuate significantly. Consequently,
  you should not consider any such list to be a complete set of all potential risks or uncertainties.
  iii
  THE
  COMPANY
  The Company
  The
  Company was incorporated under the laws of Florida on September 21, 2005, and currently focuses on the business of using proprietary
  fintech technology to provide mobile and e-commerce services for delivering financial, prepaid debit and digital content services to
  the unbanked, underbanked and underserved Latino, Hispanic and immigrant communities. The Company's proprietary software platform
  enables Cuentas to offer comprehensive financial services and robust functionality that is absent from other Mobile Apps through the
  use of our Prepaid Debit Mastercard
  ®
  /General-Purpose Reloadable cards ("GPR").
  Properties.
  The
  Company's principal offices are located in Miami Beach, Florida.
  Our
  Business
  The
  Company's historical business included its Mobile App & GPR card. The Company is now diversifying its product line to include
  its Mobile Payments and Mobility projects which will be integrated into a proprietary fintech ecosystem that will provide a more complete
  offering of e-commerce products and services designed for the unbanked, underbanked and underserved immigrant and underprivileged communities
  to help them bridge the e-commerce digital divide.
  The
  Cuentas Mobile App & GPR ecosystem protects its customers by depositing their funds in an FDIC insured bank account at Sutton Bank,
  the issuing bank.
  The
  comprehensive financial services currently available include:
  ●
  Direct
      ACH Deposits to receive funds
  ●
  ATM
      access – U.S. and most foreign countries
  ●
  Retail
      and Online purchases
  ●
  Peer
      to Peer Payments at no cost between Cuentas Accountholders
  ●
  Cash
      Reloads at major retailers (Walmart, CVS, Walgreens, Dollar General, etc.)
  ●
  Discounted
      Gift Cards for major brands (Amazon Cash, Xbox, Playstation, Burger King, etc.)
  ●
  Transit
      Authority Fares – Los Angeles TAP, Connecticut GoCT, coming soon NY-OMNY
  ●
  Prepaid
      Long Distance Telecom Minutes – call land lines or mobile phones worldwide
  ●
  U.S.
      Mobile Phone Recharges (TopUps)
  ●
  Int'l.
      Mobile Phone Recharges (TopUps)
  Western
  Union and Cuentas Bridge Digital and Retail Money Transfer Worlds for Latino Community
  In
  March 2022, the Company integrated Western Union's domestic and international money transfer capabilities into the Cuentas
  mobile banking app. The integration enables the Company's customers to send money to 200 countries and territories via the Cuentas
  mobile app. Leveraging Western Union's leading global cross-border, cross-currency platform, The Company's customers can
  conveniently move money to friends and family almost anywhere across the world using the Cuentas mobile app. Once sent, receivers can
  pick up their remittance in cash at any Western Union retail location.
  A
  major factor that provides technical strength and reliability to Cuentas' project is the fintech ecosystem that it has developed.
  The foundation of Cuentas' ecosystem is the fintech platform with mobile app, mobile wallet and associated integrations that Cuentas
  has developed over the past 3 years. We believe that this platform has been proven to be a robust, reliable transactional, marketing,
  financial and predictive, Tier-1 transactional platform. Cuentas' ecosystem integrates its platform via dedicated APIs with Sutton
  Bank (the issuing bank), IDology (AML & KYC) and InComm (Processor, Load Network & 3
  rd
  Party Digital Products).
  1
  Cuentas'
  Mobile App includes a Mobile Wallet ("Wallet") and a Digital Store (the "Cuentas Digital Store" or the "Digital
  Store") and is linked with a Prepaid Mastercard
  ®
  which can be used for ATM withdrawals, online purchases and
  in-person purchases.
  Accountholders
  may deposit funds to their account via (a) no-cost Direct Deposit, (b) no-cost fund transfers from other Cuentas accountholders, or (c)
  for a small charge, using InComm's VanillaLoad network in over 200,000 locations at major retailers like Walmart, CVS, Walgreens,
  Dollar General, and more.
  Once
  accountholders have available funds, they can use their Cuentas Prepaid Mastercard
  ®
  wherever prepaid Mastercards
  are accepted worldwide and at most ATMs in the U.S., and many international ATMs.
  Accountholders
  may use the funds in their Wallet to purchase discounted gift cards in the Cuentas Digital Store. Product categories in the Digital Store
  include Digital Gift Cards, Transit Cards, Mobile Phone Recharges (the "TopUps") and Western Union International Remittances.
  Digital gift cards include Amazon Cash, Sony Playstation, Xbox, Karma Koin, Burger King, Bass Pro Shops and more. Active transit products
  include TAP in Los Angeles, GoCT in Connecticut and The Rapid from Grand Rapids, Michigan. These should include the digital availability
  of OMNY in New York when it launches officially. Additional transit products will be available as InComm rolls them out. Cuentas accountholders
  may purchase TopUps which allow them to recharge their own or someone else's Verizon, AT&T or other mobile phones in the U.S.
  or in many foreign countries – in real time. Accountholders may make real phone calls using the Cuentas ILD Rewards balance (Loyalty
  Program) or funds in their wallet - actual phone calls that are made directly from their phone to any mobile phone or land line worldwide.
  Cuentas
  e-commerce Distribution and Mobile Payments
  The
  Cuentas e-commerce Distribution and Mobile Payments ecosystem will allow consumers to purchase Cuentas's line of digital products and
  services through a nationwide network of retailers that specifically serve Cuentas' target market. Cuentas' distribution network includes
  certain neighborhood markets known as "Bodegas" and convenience stores as well as other retail establishments. This brings
  previously unavailable digital products and services to those neighborhoods affected by the e-commerce digital divide.
  The
  Latino Market
  The
  name "Cuentas" is a Spanish word that has multiple meanings and was chosen for strategic reasons, to develop a close relationship
  with the Spanish speaking population. It means "Accounts" as in "bank accounts" and it can also mean "You
  can count on me" as in "
  Cuentas conmigo
  ". Additionally, it can be used to "Pay or settle accounts"
  (
  saldar cuentas
  ), "accountability" (
  rendición de cuentas
  ), "to be accountable" (
  rendir
  cuentas
  ) and other significant meanings.
  The
  2020 U.S. Census showed the Hispanic Latino population at over 62 million and at 18.7% of the total U.S. population. The FDIC defines
  the "unbanked" "as those adults without an account at a bank or other financial institution and are considered to be
  outside the mainstream for one reason or another. The Company believes that the Hispanic and Latino demographic generally have had more
  identification, credit, and former bank account issues than any other U. S. minority group leading to more difficulty in obtaining a
  traditional bank account.
  The
  Cuentas Mobile App and Wallet are positioned to service the Hispanic, Latino and immigrant demographics with comprehensive financial
  products. Additionally, we are able to accept various forms of U.S. and some foreign government issued identification to confirm qualification
  for opening an account with the Cuentas App. The Cuentas App is able to accept SSN or ITIN with U.S. identification, Matricula Consular
  or other qualified government issued forms of identification.
  2
  The
  Cuentas Prepaid Mastercard® - General-Purpose Reloadable (GPR) Card
  The
  Cuentas Prepaid GPR Card allows each account holder to have a personalized Cuentas Mastercard® and an associated Cuentas Account
  with the Mobile App, Digital Wallet, Digital Store and Long-Distance Telecom services included. It acts as a comprehensive banking solution
  which enables access to the U.S. financial system for those who are unbanked or underbanked, while also enabling greater functionality
  than a traditional bank account. The cardholders' deposited funds are protected in an FDIC-insured bank account at Sutton Bank.
  The
  Cuentas Business Model
  The
  Cuentas business model provides, or we expect will provide, for multiple revenue sources, many of which are synergistic market segments
  and provide unified financial and social functionality to forgotten segments of society.
  The
  Cuentas Mobile Wallet has several potential revenue streams. We expect that the Company will receive monthly maintenance fees, reload
  fees, ATM fees and commissions for products sold as well as interchange and network fees from Mastercard and the Pulse Network (see "The
  Cuentas Ecosystem" herein). Cuentas' strategy is to provide excellent value to consumers while charging reasonable fees and
  commissions to produce profitability. We believe that monthly fees of $4.50 which we will charge per user will generate reasonable revenue.
  Cuentas provides account recharge capabilities to accountholders via the nationwide VanillaLoad network owned by InComm as it is available
  in many big box retailer chains such as Walmart, Walgreens, CVS, Dollar Store and others.
  We
  expect that The Cuentas Digital Store will produce revenue each time that consumers purchase third party gift cards, digital access,
  mass transit tickets and mobile phone top-ups (U.S. and international). Additionally, International remittances provided by the industry-leader
  Western Union "by Cuentas" are available and International Bill Pay should be available in 2023. Both services should be
  major revenue driving factors for Cuentas as they provide reliable, low-cost solutions to our target audience.
  Cuentas
  offers rewards for free long distance calling to its accountholders ("Cuentas Rewards") who are given credits upon activation
  to be able to make real international calls to land lines or mobile phone worldwide, not like internet calling which can be unreliable
  and poor quality. We can expand the Rewards program to include other products and/or services in the future. Our target demographic uses
  both internet and prepaid calling services to communicate with family members around the U.S. and in their country. This added benefit
  is designed, at a very low cost, to provide extra benefits to our accountholders, which should help to maintain and solidify valuable
  relationships with them.
  Prepaid
  Debit Card Market Overview
  The
  Research and Markets report titled "Prepaid Card Market: Payment Trends, Market Dynamics, and Forecasts 2020 - 2025" released
  in January 2020 states that, "[i]n the United States, prepaid cards remain the preferred choice for the unbanked market segment...."
  It also states that "[t]he move towards a cashless society is substantial, further driving the prepaid card market."
  Cuentas
  is strategically positioned in the prepaid marketplace with a focus on the Hispanic, Latino and immigrant demographics.
  Cuentas
  has identified Activation Fees as an important issue to our target demographic, so we offer "no-cost" registration and activation
  with a personalized Prepaid Mastercard® sent directly to the consumer, and we charge a monthly fee of $4.50 fifteen days after activation
  and every thirty days thereafter. As previously mentioned, we also model our offering with empathy and consideration for our target demographic,
  keeping fees and costs reasonably low so they will be able to justify and appreciate the benefits provided by the Cuentas Mobile App,
  Wallet and Prepaid Mastercard
  ®
  .
  The
  Cuentas Technology platform
  The
  Cuentas technology platform has proven itself to be a robust, reliable system and Cuentas is now taking steps to raise the platform to
  the next level through symbiotic integration with The OLB Group Inc's ("OLB") advanced PCI compliant OMNIsolutions
  platform.
  On
  August 22, 2022, Cuentas signed a Software Licensing And Transaction Sharing Agreement with OLB with the goal of mutually integrating
  capabilities, features and expertise to enable both systems to take advantage of this symbiotic relationship so both organizations may
  grow. The integration of upgrades to Cuentas' system will include advanced intelligence and predictive trending to improve security,
  identify successful marketing campaigns and provide data for future project development.
  3
  The
  current Cuentas ecosystem and platforms function seamlessly as before, and upgrades will be introduced after careful evaluation, review
  and multi-level testing.
  The
  newly upgraded Cuentas platform is designed to be PCI compliant and will include a complete POS system with credit card processing, marketing
  tools, integrated modules for inventory management, content management, concierge services, shipping and customer service. Additional
  features and capabilities include Real-time currency exchange rates (ECB), SSL support, Fully 100% customizable designs using templates,
  configurable list of allowed countries, ACL (Access control list), Activity Log, OpenID, Facebook and Twitter authentication, W3C compliance
  (XHTML) with all Bar-Codes Accepted, and much more.
  The
  Cuentas platform will also have a multi functionable tax module that can apply taxes by country, state, Zipcode, product classes (e.g.,
  goods, services, alcohol, etc.) and even including tax exempt, European Union Value Added Tax support,
  The
  platform will include a Reward Points System, Marketing manager (Email & SMS campaigns), Customizable SEO (Search Engine Optimization)
  meta tags, discounts, coupons, affiliate programs, shopping, Froogle (google base), PriceGrabber / Yahoo Shopping, become.com product
  feeds, Google XML site map, CMS Topics as well as QuickBooks and Google AdSense integration.
  Additionally,
  the platform will provide a shipping and logistics department a complete solution that enables retailers to use UPS, USPS, FedEx and
  other shippers with a myriad of shipping calculation methods (weight, volume, product, etc.). Prevent shipping to restricted Countries,
  calculate shipping, defined shipping methods (e.g., Ground, Next Day, 2nd Day, etc.), shipping tracking numbers, etc.
  Finally,
  the system's Customer Service module will allow customers to register/login, create wish lists and registries, multiple billing and shipping
  addresses per customer, customer roles (groups), time zone support, built-in forums, password recovery, multiple account registration/activation
  types, automatic or manual registrations, Email validation & image capture during login/registration, "Email a friend"
  feature, Compare products feature, News RSS, Contact Us form, and more. Plugins are also available for US Postal, QuickBooks, FedEx,
  DHL and MailChimp.
  CIMA
  Settlement
  On
  July 8, 2022, the Company announced that it received a notice of default from CIMA related to that certain Platform Exclusive License
  Agreement, maintenance, and related agreements (collectively, the "License Agreement") by and among Cuentas, CIMA, Knetik,
  Inc. ("Knetik"), and Auris, LLC ("Auris" ). The notice, which was received May 25, 2022, provides that Cuentas
  has failed to pay $700,000 of maintenance and pass-through fees that CIMA alleges are owed under the License Agreement and also afforded
  Cuentas the required sixty-day period (through July 24, 2022) to cure the default as provided under the License Agreement.
  On
  August 2, 2022, the Company and CIMA, along with Knetik and Auris executed a Settlement Agreement and General Release ("Settlement
  Agreement") which resolves the issues related to the July 8, 2022, notice of default from CIMA related to the License Agreement.
  Pursuant to the terms of the Settlement Agreement, in exchange for the consideration provided in the Settlement Agreement, Cuentas paid
  CIMA $770,239.78 and will accept for a period of 30 days from execution date, the exclusive right to facilitate a third party (including
  to current shareholders and directors of Cuentas) purchase (without markup or broker fee) of, all of the shares of Cuentas held by CIMA
  at the higher of: (i) the average per share trading price for the three day average before notice in writing is provided by Cuentas of
  the intent to purchase CIMA's Cuentas shares, or (ii) the minimum price of $0.50 per share on or before 5:00 p.m. New York City
  time, on August 31, 2022 pursuant to a purchase agreement delivered by and acceptable to CIMA without any changes thereto (provided,
  that CIMA shall not be required to provide any representations or warranties other than fundamental warranties related to (a) organization
  and good standing, (b) power and authority to undertake the transaction and (c) ownership of such shares, and ordinary representations
  and warranties that the Cuentas shares are being transferred free and clear of any liens, claims, or encumbrances).
  4
  Further,
  in connection with the Settlement Agreement, Cuentas, Dinar Zuz, LLC, Michael De Prado and Arik Maimon provided signed waiver letters,
  expressly waiving any right of first refusal and co-sale rights granted in their favor under that certain letter agreement, dated December
  31, 2019 (the "Side Letter"), by and among CIMA, Dinar Zuz, LLC, Michael Del Prado and Arik Maimon, and CIMA agreed (i) to
  restore immediately Cuentas's access to its platform; (ii) provided Cuentas with a limited license to utilize the platform the
  terms of which are detailed specifically in Section 6 of the Settlement Agreement, and to use reasonable efforts, subject to Cuentas'
  compliance thereto, to provide Cuentas' customer data to Cuentas through the end of the limited license term described in Section
  6 of the Settlement Agreement; (iii) deliver to Cuentas the Source Code (as that term is defined in paragraph 1.18 of the License Agreement)
  relating to "Out-Of-Scope Services," and as further detailed in Section 6 of the Settlement Agreement; (iv) not enforce its
  rights under the Side Letter through and including August 31, 2022, and (v) shall not transfer, sale, or encumber its Cuentas shares
  through and including August 31, 2022, except as permitted therein. If Cuentas fails to comply with any term of this Settlement Agreement,
  Cuentas agreed to a Stipulated Judgment described in Section 5 of the Settlement Agreement, which, if triggered, the limited license
  set forth in Section 6 and any of CIMA's obligations under this Settlement Agreement shall become null and CIMA shall have the
  right to shut off Cuentas access to the Platform without notice.
  The
  Settlement Agreement also provides for mutual general releases by Cuentas for the benefit of CIMA and by CIMA for the benefit of Cuentas
  of all claims other than claims relating to a breach of the Settlement Agreement.
  The
  Settlement Agreement by its terms in effect terminates the obligations under the license agreement, dated December 31, 2019, by and between
  Cuentas and CIMA.
  Strategic
  Partners
  Sutton
  Bank ("Sutton")
  Cuentas
  has a 5-year Prepaid Card Program Management Agreement with Sutton Bank as the issuer of the Cuentas Prepaid Mastercard
  ®
  -
  Debit/GPR card which is effective through October 2026 with automatic 1-year renewals. Sutton insures account holders' funds through
  the FDIC and provides direct deposit capabilities, early pay functionality and account balance functionality for the Cuentas Mobile App
  and Mobile Wallet. Sutton coordinates Know Your Client ("KYC"), Office of Foreign Asset Control ("OFAC"), Politically
  Exposed Persons ("PEP") and Anti-Money Laundering ("AML") compliance with Cuentas and IDology. Each applicant
  must have either a Social Security number or an ITIN. During the registration process, IDology compares each applicant's personal
  information with known KYC, OFAC and PEP databases, and if required, can request certain forms of identification to confirm their identity.
  These forms of identification may include but are not limited to: Passport, Driver's License, Matricula Consular and U.S. residency
  documentation. Only applicants that reach a certain score that is coordinated between Sutton and IDology are approved to receive a Cuentas
  Prepaid Mastercard® associated with their Cuentas Mobile App and Wallet account.
  Interactive
  Communications International, Inc. ("InComm")
  Cuentas
  has multiple agreements with InComm including: (a) Processing services, (b) Resale of 3
  rd
  party Digital gift cards ,
  (c) Resale of InComm Digital Solutions, and (d) Reload Commission Agreement. The agreements are effective through July 2024 and then
  renew automatically for 1-year periods. InComm is an instrumental partner of Cuentas as it provides the operational core of Cuentas'
  transaction processing platform, the cash reload component and access to many third-party products and services.
  On
  July 23, 2019, the Company entered into a 5-year Prepaid Services Agreement with InComm (the "InComm PSA") to power and expand
  the Company's Mobile App, Mobile Wallet and GPR card. InComm is a supplier of 3
  rd
  party gift and digital content
  cards, and Cuentas currently resells a variety of these products through its Mobile App's Digital Store and Cuentas-SDI distribution
  network, with possible expansion in the future.
  Under
  the InComm PSA, InComm is the prepaid card processor and through its VanillaLoad network, allows the Company's cardholders, for
  a small fee, to reload their Cuentas Mobile Wallet through a nationwide network of retailers including Walmart, 7-Eleven, Walgreens,
  CVS Pharmacy, Rite Aid, Dollar General and many more. In addition, the Company plans to extend the cash reload component of the Wallet
  through a select number of "bodegas" in the Cuentas-SDI network to increase its market penetration and profitability.
  5
  Under the InComm PSA, InComm provides processing
  services, telephone support, data storage services, account servicing, reporting, output and hot carding services to the Company. Processing
  services consist mainly of authorization and transaction processing services. InComm also processes authorizations for transactions made
  with or on prepaid products, along with any payments or adjustments made to prepaid products. InComm also processes the Company's
  data and post entries in accordance with the specifications. Data storage services consist mainly of storage of the Company's data
  in a format that is accessible online by the Company through APIs designated by InComm, subject to additional API and data sharing terms
  and conditions. InComm also provides Web/API services for prepaid Cuentas GPR applications and transactions.
  Cuentas
  SDI, LLC
  Cuentas
  SDI, LLC (the "Cuentas-SDI") was incorporated in the State of Florida on January 4, 2022 and was a wholly owned subsidiary
  of SDI Black 011, Inc. ("SDI Black"). Cuentas-SDI is engaged in the business of electronic distribution and sales of virtual
  products via its Black 011 portal located at Yonkers, NY. Its electronic products range from prepaid wireless SIM activation, International
  mobile recharge services and international long distance phone services. During 2020, Cuentas-SDI also started sales of general merchandise
  to its retail reseller customers. Cuentas-SDI owns the assets of Black Wireless MVNO, Black 011 Long distance platform and operations
  and the SDI Black distribution platform and network of over 31,000 bodegas and convenience stores.
  On
  May 27, 2022, the Company entered into a Membership Interest Purchase Agreement (the "MIPA") with SDI Black, the holders
  of all the membership interests of SDI Black and Cuentas-SDI, for the acquisition of 19.99% of the membership interests of Cuentas-SDI
  in exchange for $750,000. Cuentas also had the right to close on the potential acquisition of the remaining 80.01% of the membership
  interests of Cuentas SDI within 60 days in exchange for a purchase price of an additional $2.459,000, which the Company did not exercise.
  The
  Company is working with a Vendor-Client relationship with Cuentas-SDI, who uses Least Cost Routing (LCR) to decide which vendor provides
  the products for sale. The LCR platform will determine the percentage and quantity of revenue that is realized between Cuentas and Cuentas-SDI
  The
  Cuentas Ecosystem
  Cuentas'
  goal is to offer the consumer a one-stop shop, easy to use, Mobile App and Mobile wallet with Mastercard
  ®
  rails that
  can provide new, important financial services and solve many of their daily needs and desires while saving the users time and money.
  Approved
  Cuentas accountholders will have a Prepaid Mastercard
  ®
  acceptable wherever Mastercard
  ®
  debit
  cards are accepted and can have their paychecks or certain government benefits checks directly deposited to their account associated
  with the card, with funds available for use on the card up to 2 days earlier than standard direct deposits. Furthermore, the Cuentas
  card has ATM access through the nationwide Pulse Network which provides access to over 500,000 ATMs in the U.S. and many more worldwide.
  (Source: pulsenetwork.com)
  The
  Cuentas Digital Store in the Mobile App will allow accountholders to purchase certain mainstream gift cards for use in a variety of stores,
  online portals and transit agencies – many at discounted prices. Accountholders can also "Top Up" or prepay their mobile
  phone accounts and also do the same for friends & family living in the U.S. or overseas.
  Cuentas
  Mobile
  Cuentas
  Mobile is our Mobile Virtual Network Operator ("MVNO") trade name, which provided Cuentas Mobile branded mobile phones along
  with attractively priced prepaid voice, text, and data mobile phone services to a limited customer base. Cuentas, through M&M, is
  negotiating to sell mobile services as an MVNO through an operator on the largest 5G nationwide network from one of the top 3 mobile
  carriers. Cuentas Mobile will continue to operate a virtual telecommunications network providing mobile voice, text, and data services
  with essentially the same quality as other MVNOs such as Cricket, Boost, Simple, Ultra, Mint and Lyca Mobile, which have been successful
  at creating brands, without owning the towers, hardware or network. Cuentas is currently reactivating distribution through grass roots
  retailers that normally interact with Cuentas' target audience, specifically offering low-cost mobile phone service with the ability
  to make international calls to specific Spanish speaking countries in Central and South America.
  6
  We believe that our potential customers will migrate
  away from legacy telephone and banking systems to enhanced mobility solutions. The Company's technological advantage and the synergies
  created by its combination of a reloadable debit card and a holder of mobile virtual network operator rights will make its products increasingly
  useful to unbanked, under-banked, under-served and other emerging niche markets.
  Meimoun &
  Mammon LLC
  Meimoun & Mammon LLC ("M&M")
  is
  a retail provider of domestic and international long-distance voice, text, and data telephony services to consumers in the United States
  and throughout the world. M&M holds International and Domestic Section 214 authority issued by the FCC. M&M operates the retail
  Tel3 business as a separate division. Tel3 has been a prepaid long-distance provider for many years and provides direct and indirect access
  to Latino and immigrant communities across the US as it provides them with quality international communications services. The majority
  of revenue generated by the company so far has come from this division.
  LSI Group S.A. ("LSI")
  On Aug 31, 2022, Cuentas signed a 1-year agreement
  which is extendable to 3 years total with completion of certain milestones. LSI will market the US based Cuentas Prepaid Debit Card and
  Mobile App in countries including El Salvador, Guatemala and Honduras with plans to expand to South America, starting with Colombia, with
  the goal to sign 200,000 US-based Cuentas customers in 1 year for international cross-border remittances.
  Regulatory Compliance
  We operate in an ever evolving and complex legal
  and regulatory environment. We, the products and services that we offer and market, and those for which we provide processing services,
  are subject to a variety of federal, state and foreign laws and regulations, including, but not limited to: federal communications laws
  and regulations; foreign jurisdiction communications laws and regulations; federal anti-money laundering laws and regulations, including
  the Patriot Act, the BSA, anti-terrorist financing laws and anti-bribery and corrupt practice laws and regulations in the U.S., and similar
  international laws and regulations, including the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in Canada; state unclaimed
  property laws and money transmitter or similar licensing requirements; federal and state consumer protection laws, including the CARD
  Act, and the Dodd-Frank Act, and regulations relating to privacy and data security; and foreign jurisdiction payment services industry
  regulations.
  Our subsidiary M&M is subject to regulation
  by the FCC and other government agencies and task forces. M&M holds International and Domestic Section 214 licenses issued by the
  FCC, which may be suspended or revoked by the FCC if M&M does not strictly comply with all applicable regulations and the terms and
  conditions under which the International and Domestic Section 214 licenses were issued. M&M is also subject to certain foreign jurisdiction
  communications laws and regulations as it provides limited access to its prepaid calling platform internationally. We believe that we,
  including our subsidiaries, are currently operating in compliance with all applicable laws and regulations, but there is no certainty
  that laws and regulations affecting our business will not change. Any such change of laws and regulations applicable to our business might
  adversely affect our ability to execute our business plan and achieve profitable operating results.
  At the federal level, Congress and federal regulatory
  agencies have enacted and implemented new laws and regulations that affect the prepaid industry, such the CARD Act and FinCEN's
  Prepaid Access Rule. Moreover, there are currently proposals before Congress that could further substantially change the way banks, including
  prepaid card issuing banks and other financial services companies, are regulated and are permitted to offer their products to consumers.
  Non-bank financial services companies, including money transmitters and prepaid access providers, are now regulated at the federal level
  by the Consumer Financial Protection Bureau (the "CFPB"), which began operations in July 2011, bringing additional uncertainty
  to the regulatory system and its impact on our business. We are increasingly facing more stringent anti-money laundering rules and regulations,
  compliance with which may increase our costs of operation, decrease our operating revenues and disrupt our business. Sutton bank performs
  routine AML, KYC, OFAC in consultation with Cuentas and IDology and other compliance review and searches throughout Cuentas' registration
  and operational processes. Abuse of our prepaid products for purposes of financing sanctioned countries, terrorist funding, bribery or
  corruption could cause reputational or other harm that could have a material adverse effect on our business, results of operations and
  financial condition. Failure to comply with, or further expansion of, consumer protection regulations could have a material adverse effect
  on our business, results of operations and financial condition. Failure by us to comply with federal banking regulation may subject us
  to fines and penalties and our relationships with our issuing banks may be harmed.
  7
  Most states regulate the business of sellers of
  traveler's checks, money orders, drafts and other monetary instruments, which we refer to collectively as money transmitters. While
  many states expressly exempt banks and their agents from regulation as money transmitters, others purport to regulate the money transmittal
  businesses of bank agents or do not extend exemptions to non-branch bank agents. In those states where we are required to be licensed,
  we are subject to direct supervision and regulation by the relevant state banking departments or similar agencies charged with enforcement
  of the money transmitter statutes and must comply with various restrictions and requirements, such as those related to the maintenance
  of certain levels of net worth, surety bonding, selection and oversight of our authorized delegates, permissible investments in an amount
  equal to our outstanding payment obligations with respect to some of the products subject to licensure, recordkeeping and reporting, and
  disclosures to consumers. We are also subject to periodic examinations by the relevant licensing authorities, which may include reviews
  of our compliance practices, policies and procedures, financial position and related records, various agreements that we have with our
  issuing banks, retail distribution partners and other third parties, privacy and data security policies and procedures, and other matters
  related to our business. As a regulated entity, Cuentas may incur significant costs associated with regulatory compliance. We anticipate
  that compliance costs and requirements will increase in the future for our regulated subsidiaries and that additional subsidiaries will
  need to become subject to these or new regulations. If we fail to maintain our existing money transmitter licenses or permits or fail
  to obtain new licenses or permits in a timely manner, our business, results of operations and financial condition could be materially
  and adversely affected.
  Marketing
  The Cuentas Mobile App, Mobile Wallet and Prepaid
  Mastercard
  ®
  will be predominantly marketed via digital and traditional media channels. Cuentas expects to use a combination
  of internal resources as well as third parties for our marketing efforts.
  The digital marketing placements will include
  social media, SEO (Search Engine Optimization), internet, geo fencing, online streaming providers, influencers, and other digital providers.
  Traditional marketing efforts include media such as radio, TV, print, billboards, bus wraps, bus benches, TV, radio, etc.
  Media spend is distributed amongst these marketing
  vehicles and adjusted as acquisition data is received. Our initial program is designed to test creative, geo targeting and formats. Once
  feedback is analyzed, spending will be optimized to enhance efficiency and cost of acquisition. Vertical market integration and partnerships
  will also be developed to augment growth and stability.
  Marketing strategies for customer acquisition
  will focus on key markets, targeted audiences, lifestyle fit, brand awareness, key metrics and go-to-market plans.
  Marketing to Hispanic & Latino groups will
  initially concentrate on those populations that have settled in Southern California, Texas, New York, Florida, Arizona and New Mexico.
  Cuentas will promote the newly integrated POS
  capabilities in its ecosystem and market these services to the 30,000 bodegas and convenience stores in the network, with the possibility
  of upgrading a select number of them to neighborhood financial centers to be able to load cash to the Cuentas prepaid debit card and provide
  other financial services.
  8
  Entry into a Joint-Venture
  Agreement with WaveMAX Corporation ("WaveMax")
  On July 21, 2021, the Company and WaveMAX entered
  into a Definitive Joint-Venture Agreement (the "Agreement"). Pursuant to the Agreement, the Company and WaveMax formed CuentasMax
  LLC on Dec 8, 2021, a joint venture ("CUENTASMAX") which would install WiFi6 shared network ("WSN") systems
  in up to 1,000 retail locations in the New York metropolitan tristate area using access points and small cells to provide users with
  access to the WSN (the "JV Project"). The WSN will allow CUENTASMAX to generate location-based advertising configured by advertisers
  using WaveMAX's advertising dashboard technology directly to users over the WSN, could permit users to pay a service fee for ad-free
  access to the WSN. The ownership and management of CUENTASMAX shall be as follows: 50% to the Company, 25% to WaveMAX and 25% to Consultoria
  y Asesoria de Redes, S.A. de C.V. ("Execon"). Execon currently manages approximately 20,000 WiFi endpoints with WaveMax in
  Mexico. Each of the Company and WaveMAX agreed to fund $120,000 (for a total of $240,000) initially upon execution of the Agreement. In
  addition, each of the Company and WaveMAX has agreed to fund an additional $127,500 over the succeeding five months, in each case, subject
  to approval of each party's board of directors. The expenses of the JV Project shall include acquiring the Access Points hardware,
  the installation and configuration of the Access Points hardware for use with the broadband internet service at each Retail Location,
  entering into the necessary agreements with the Retail Locations, instore marketing and promotion of the WSN program, and expenses relating
  to commercialization of the digital advertising program. The Board of Directors of CUENTASMAX shall initially be comprised of four persons,
  two designated by the Company, one designated by WaveMAX, and one designated by Execon. The officers of CUENTASMAX shall be the persons
  from time to time designated by mutual agreement of the Company and WaveMAX, with the initial officers to be determined. It is hoped that
  up to 1,000 high traffic, prime location convenience stores and "bodegas" (small community markets) will be signed up in conjunction
  with the Company's distribution network that sells prepaid debit card, e-store, e-wallet and digital services. A fee of 2% (two
  percent) of the net revenue of CUENTASMAX will be paid by CUENTASMAX on a monthly basis as a commission to Innovateur Management SAPI
  de CV. WaveMAX grants CUENTASMAX exclusive rights to use and deploy the WaveMAX Technology, including any and all patents owned or to
  be owned by WaveMAX and any and all related enhancements or applications of the WaveMAX Technology and any and all prior and subsequent
  improvements and/or new technology developed by WaveMAX solely in the Company's BODEGAS network throughout the United States. The
  parties have agreed to expand CUENTASMAX to other areas of the U.S. once the current deployment is in progress or has been completed.
  As of December 31.2021, the Company has funded CUENTASMAX an amount of $40,000 and, in agreement with the other parties, funded CunetasMax
  $40,000 in February of 2022. The joint venture has begun the initial sales and marketing for the JV and expects to produce revenue initially
  in Q3 of 2022. The third deposit of $40,000 by Cuentas is scheduled for September 2022 and, along with an equal deposit by WaveMax,
  will continue the expansion.
  CuentasMax has installed 30 WiFi6 Access Points
  in New York City, Los Angeles, and Puerto Rico at different small businesses including Bodegas, restaurants, beauty salons and gas stations.
  CuentasMax also has pilot project agreements with the Bodega Association and Business Group in NYC, Benelisha Group in LA, and Top Gasoline
  Inc in Puerto Rico.
  Entry into a Joint-Venture
  Agreement with Benelisha Group, Inc. ("Benelisha")
  On August 4, 2021, the Company and Benelisha entered
  into a Definitive Marketing and Promotion Agreement (the "Benelisha Agreement"). Pursuant to the Benelisha Agreement, the
  Company and Benelisha will market and promote Cuentas GPR cards and the mobile phone application ("DC/MA") products to Benelisha
  customers. During the term of the Benelisha Agreement, Benelisha's goal is to register Benelisha customers to become active users
  of the Cuentas DC/MA products. The Company hopes to complete technical and program integration to be able to launch in Q1 of 2023.
  If Benelisha reaches these milestone goals, it
  will be rewarded with Most Favored Nation (MFN) status along with compensation consisting of 32% of Net Revenue from new cardholders that
  Benelisha registers and maintains on the Cuentas GPR Platform. After year 3, Benelisha may continue to maintain MFN status by registering
  50,000 new cardholders each year. If Benelisha does not maintain MFN status, it will still receive compensation of 32% of net revenue
  for the active cardholders it maintains.
  9
  Competition Section
  Cuentas has strategically established its fee
  structure to be attractive to the unbanked, underbanked and undeserved population with no activation fee, no-cost direct deposit, no-cost
  Cuentas card to Cuentas card transfers, low cost for reloads, reasonable ATM fees and No dormancy fee.
  This pricing strategy places Cuentas in an attractive,
  reasonably priced category which coupled with the products & services it offers to its competitiveness.
  FEES
  CUENTAS
  Net Spend
  Chime
  Green Dot
  Amex Serve
  Amex Bluebird
  My Bambu
  Card Issuance/ Activation
  $0.00
  $0.00
  $0
  $1.95
  $0 Online Up to $3.95 in retail
  $0 Online / Up to $5 in retail
  $0
  Monthly Fee
  $4.50
  Pay-As-You-Go Plan $0 Monthly Plan $9.95 per mo.
  $0
  $7.95
  $6.95 ($0 with $500+ Direct Deposit)
  $0
  $0
  Reload Fee
  $3.95
  Netspend Reload Network Location Up to $3.95
  N/A
  $5.95
  Up to $3.95 (fee varies by retailer)
  $0 (Walmart) other Retailers $3.95
  $3.95
  Domestic ATM Withdrawal
  $1.50
  Pay-As-You-Go Plan $2.95 / Monthly Plan $2.95
  $2.50; free through MoneyPass
  $3.00
  $0 at MoneyPass® ATMs $2.50 at non-MoneyPass ATMs.
  $0 MoneyPass® ATMs, $2.50 non-MoneyPass ATMs
  $2.00
  Over the Counter Cash Withdraw
  $1.50
  $2.95 Withdrawal Fee at a Financial Institution/ 1% w/ $9.95 min
  $2.50 per transaction
  $3.00
  N/A
  N/A
  N/A
  ATM Inquiry Fee
  $0.75
  $0.50
  $0.50
  N/A
  $0.50
  ATM Decline Fee
  $0.50
  $1.00
  N/A
  N/A
  $0.75
  $0.00
  N/A
  Card to Card Transfer
  $0.00
  Website $0 / CS  Agent $4.95 / Me-to-Me Transfer – $3.00
  N/A
  N/A
  N/A
  N/A
  N/A
  Balance Inquiry Live Agent
  $0.00
  $0.00
  N/A
  N/A
  $0
  $0.00
  $0.00 per call
  Replacement Card (Standard Delivery)
  $5.00
  $9.95
  N/A
  $5.00
  $5.00
  $0.00
  $5
  Inactivity Fee / Dormancy Fee
  $0.00
  $5.95 per mo. (after 90 days w/no trans.)
  N/A
  $9.95 After 90 days
  $0
  $0.00
  $3 / Month, After 12 mo. No transactions
  Remote Deposit Capture
  N/A
  Greater of 2% of total check amount or $5.00
  Funds in minutes - 1% or 5% of check ($5 min)
  Funds in minutes - 1% or 5% of check ($5 min fee)
  Funds in minutes - 1% or 5% of check ($5 min fee)
  Remittance Fee
  N/A
  UP to $16.99 (fee depends on the transfer amount)
  $5.50
  Fee Schedule
  https://
  cuentas.com/
  cuen/cuentas_
  cha.php?lang=en
  https://
  www.netspend.com/
  account/terms/SFLF_
  730318418_EN.html
  https://
  help.chime.com/hc/
  en-us/articles/
  221405228-
  What-are-the-fees-
  https://
  www.greendot.com/
  personal-
  banking/
  our-products/debit-cards/
  prepaid-card/
  prepaid-mastercard-
  or-visa-
  card#:~:text=
  The%20fees%
  20for%20the
  %20Green,in%
  20the%20
  previous%
  20monthly
  %20period.
  https://
  www.serve.com/
  faqs/
  fees-and-limits
  https://
  www.bluebird.com
  /faqs/
  fees-limits
  /fees
  https://
  mybambu.com/
  cardholder-
  agreement/
  Website
  https://
  cuentas.com/
  cuen/
  home.php?lang=en
  www.netspend.com
  www,chime.com
  https://
  www.greendot.com/
  www.serve.com
  www.bluebird.com
  https://
  mybambu.com
  /us/
  10
  Employees
  As of November 21, 2022, our
  management team consisted of our Interim Chief Executive Officer and Chairman of the Board, Arik Maimon, Michael De Prado, our Interim
  President and Vice Chairman of the Board, and our Chief Financial Officer, Mr. Ran Daniel. Additionally, we have five full-time employees.
  None of our employees are represented by a collective bargaining agreement, and we have never experienced any work stoppage. We believe
  we have good relations with our employees.
  Risks Associated with Our Business
  Our business is subject to
  many significant risks, as more fully described in the section entitled "Risk Factors" below. You should read and carefully
  consider these risks, together with the risks set forth under the section entitled "Risk Factors" and all of the other information
  in this prospectus, including the financial statements and the related notes included elsewhere in this prospectus, before deciding whether
  to invest in our common stock. If any of the risks discussed in this prospectus actually occur, our business, financial condition or operating
  results could be materially and adversely affected. In particular, our risks include, but are not limited to, the following:
  ●
  our ability to implement our business plan;
  ●
  our ability to attract key personnel;
  ●
  our ability to operate profitably;
  ●
  our ability to efficiently and effectively finance our operations;
  ●
  our ability to raise additional financing for working capital;
  ●
  our ability to efficiently manage our operations;
  ●
  that our accounting policies and methods may require management to make estimates about matters that are inherently uncertain;
  ●
  our ability to consummate future acquisitions or strategic transactions;
  ●
  changes in the legal, regulatory and legislative environments in the markets in which we operate; and
  ●
  adverse state or federal legislation or regulation that increases the costs of compliance, or adverse findings by a regulator with respect to existing operations.
  11
  Nasdaq Deficiency
  On June 21, 2022, we received
  notice from the staff (the "Staff") of The NASDAQ Stock Market indicating that, because the closing bid price for the Company's
  common stock has fallen below $1.00 per share for 31 consecutive business days, the Company no longer complies with the minimum bid price
  requirement for continued listing on the Nasdaq Capital Market under Rule 5550(a)(2) of Nasdaq Listing Rules (the "Bid Price Rule").
  On December 20, 2022, having not regained compliance with the Bid Price
  Rule, the Company received a letter from the Staff notifying the Company that, unless the Company timely requests a hearing, the Company's
  common stock and listed warrants would be subject to delisting. Accordingly, the Company timely requested a hearing before a Nasdaq Hearings
  Panel (the "Panel"). The hearing request resulted in a stay of any suspension or delisting action pending the hearing and
  the expiration of any extension period granted by the Panel following the hearing. In that regard, the Panel has the right to grant the
  Company an extension to regain compliance with the Bid Price Rule. However, there can be no assurance that the Panel will grant the Company
  an extension to comply with the Bid Price Rule or, even if an extension is granted, that the Company will be able to regain compliance
  with all applicable requirements for continued listing. If the trading of the Company's securities is suspended, the Company's
  securities will cease to be quoted on Nasdaq. It is expected that the Company's securities would be immediately eligible for trading
  and quotation on the over the counter market.
  Corporate Information
  We were organized as a corporation
  under the laws of the State of Florida on September 21, 2005. Our principal executive office is located at 235 Lincoln Road, Suite
  210, Miami Beach, FL 33139, and our phone number is (800) 611-3622. We maintain a website at www.cuentas.com. The reference to our website
  is intended to be an inactive textual reference only. The information contained on, or that can be accessed through, our website is not
  part of this prospectus and investors should not rely on such information in deciding whether to purchase shares of our common stock.
  12
  RISK FACTORS
  Investing in our common
  stock involves risk. Before deciding whether to invest in our common stock, you should consider the risks, uncertainties and assumptions
  discussed under the heading
  "
  Risk Factors
  "
  in our Quarterly Reports on Form 10-Q for the fiscal quarters
  ended March 31, 2022, June 30, 2022 and September 30, 2022 and our Annual Report on Form 10-K for the fiscal year ended December 31, 2021,
  each as incorporated by reference in this reoffer prospectus, any amendment or update thereto reflected in subsequent filings with the
  SEC, including in our annual reports on Form 10-K and quarterly reports on Form 10-Q, and all other information contained or incorporated
  by reference in this reoffer prospectus, as updated by our subsequent filings under the Exchange Act. There may be other unknown or unpredictable
  economic, business, competitive, regulatory or other factors that could have material adverse effects on our future results. If any of
  these risks actually occurs, our business, business prospects, financial condition or results of operations could be seriously harmed.
  This could cause the trading price of our common stock to decline, resulting in a loss of all or part of your investment. Please also
  read carefully the section above entitled
  "
  Cautionary Note on Forward-Looking Statements.
  "
  Risks Related to Our Financial Position and
  Need for Additional Capital
  We will require additional
  funding to progress our business. Such financing may only be available on disadvantageous terms or may not be available at all. Any new
  equity financing could have a substantial dilutive effect on our existing stockholders.
  At
  September 30, 2022, we had cash and cash equivalents of $2.1 million, a working capital deficit of $291,000 and an accumulated deficit
  of $47.3 million. Our cash position may decline in the future, and we may not be successful in maintaining an adequate level of cash resources. Accordingly,
  we will be required to seek additional debt or equity financing in order to support our growing operations. We may not be able to obtain
  additional financing on satisfactory terms, or at all, and any new equity financing could have a substantial dilutive effect on our existing
  stockholders. If we cannot obtain additional financing, we will not be able to achieve the sales growth that we need to cover our costs,
  and our results of operations would be negatively affected.
  As a result of our current
  lack of financial liquidity, there is substantial doubt regarding our ability to continue as a "going concern," within one
  year from the issuance date of our financial statements.
  As a result of our current
  lack of financial liquidity, our consolidated financial statements for fiscal year 2021, and the nine months ending September 30, 2022,
  which are included as part of this prospectus, contains a statement concerning substantial doubt regarding our ability to continue as
  a going concern. Our lack of sufficient liquidity could make it more difficult for us to secure additional financing or enter into strategic
  relationships on terms acceptable to us, if at all, and may materially and adversely affect the terms of any financing that we may obtain
  and our public stock price generally.
  Our continuation as a going
  concern is dependent upon, among other things, achieving positive cash flow from operations and, if necessary, augmenting such cash flow
  using external resources to satisfy our cash needs. However, we may be unable to achieve these goals and therefore may be unable to continue
  as a going concern.
  Risks Related to the Company
  We cannot ensure, either
  in the near- or long-term, that we will be able to generate significant cash flow or profit.
  We have a limited basis upon
  which you may evaluate our business and an investment in our Common Stock may entail significantly more risk than the shares of Common
  Stock of a company with a substantial history. Our ability to successfully develop our products, and to realize consistent, meaningful
  revenues and profit has not been established and cannot be assured. For us to achieve success, our products must receive broader market
  acceptance by consumers. Without this market acceptance, we will not be able to generate sufficient revenue to continue our business operation.
  If our products are not widely accepted by the market, our business may fail.
  Our business operations are
  subject to numerous risks, uncertainties, expenses and difficulties associated with early-stage enterprises. You should consider an investment
  in our company in light of these risks, uncertainties, expenses and difficulties. Such risks include: the absence of a lengthy operating
  history; insufficient capital to fully realize our operating plan; our ability to anticipate and adapt to a developing market; a competitive
  environment characterized by well-capitalized competitors; our ability to identify, attract and retain qualified personnel; our reliance
  on key management personnel.
  Because we are subject to
  these risks, evaluating our business may be difficult. We may be unable to successfully overcome these risks, which could harm our business
  and prospects. Our business strategy may be unsuccessful, and we may be unable to address the risks we face in a cost-effective manner,
  if at all. If we are unable to successfully address these risks, there may be an adverse effect on our business, results of operations,
  financial condition and cash flows.
  We may never achieve
  profitability from operations or generate sufficient cash flows to make or sustain distributions to our shareholders.
  We may never achieve profitability
  from operations. Even if we do achieve profitability, we cannot assure you that we will be able to sustain or increase profitability on
  a quarterly or annual basis in the future. There can be no assurance that future operations will be profitable or that we will be able
  to make or sustain distributions to our shareholders from cash from operations. Revenues and profits, if any, will depend upon various
  factors, including whether we will be able to successfully implement our business plan and operating strategy. We may not achieve our
  business objectives and the failure to achieve such goals would have an adverse impact on us. In addition, an inability to achieve profitability
  could have a detrimental effect on the market value of our Common Stock.
  We are an early entrant
  in an emerging industry, and the long-term viability of our business strategy is unproven.
  As an early entrant in this
  emerging Fintech industry, we are subject to the risk that our business model and business plan may not prove to be a viable long-term
  business strategy. If it turns out that our strategy is not a viable long-term business strategy, we may not be able to generate meaningful
  cash flows, which would materially and adversely affect the viability of our business and stock price.
  13
  We may not be able to
  secure sufficient capital to effectively execute our business plan.
  We may not be able to attract
  and obtain sufficient capital from the equity and debt markets, or any other capital markets, to execute our business plan and grow our
  business. If we do not have access to sufficient funding in the future, we may not be able to make the requisite capital expenditures
  necessary to execute our business plan, and in that event our ability to generate revenue may be significantly impaired.
  Cuentas may be unable to attract and
  retain users and increase Margins.
  As of the date of this Registration
  Statement, Cuentas has an operating history of e-commerce card business of about one year. If Cuentas cannot increase the number of cardholders
  using its Cuentas Mastercard and retain its existing cardholders, this will significantly adversely affect Cuentas' operating results,
  revenues, financial condition, and ability to remain in business. The Company's ecommerce revenue currently has a very low gross
  profit margin and sometimes a negative margin The company would also be required to increase its gross margin in addition to increase
  revenue otherwise it will not derive net income from operations.
  We are involved in various
  litigation matters that are expensive and time consuming, and, if resolved adversely, could harm our business, financial condition, or
  results of operations.
  Any litigation to which we
  are a party may result in an onerous or unfavorable judgment that may not be reversed upon appeal, or we may decide to settle lawsuits
  on similarly unfavorable terms. Any such negative outcome could result in payments of substantial monetary damages or fines, or changes
  to our products or business practices, and accordingly our business, financial condition, or results of operations could be materially
  and adversely affected. See "Business-Legal Proceedings" for a description of certain litigation involving the Company.
  Although the results of lawsuits
  and claims cannot be predicted with certainty, we do not believe that the final outcome of those matters that we currently face will have
  a material adverse effect on our business, financial condition, or results of operations. However, defending these claims is costly and
  can impose a significant burden on management and employees, and we may receive unfavorable preliminary or interim rulings in the course
  of litigation, which could adversely affect the market price of our securities. There can be no assurances that a favorable final outcome
  will be obtained in all cases.
  Security breaches and
  other disruptions could compromise our information and expose us to liability, which would cause our business and reputation to suffer.
  In the ordinary course of
  our business, we use sophisticated call processing engines and other sophisticated telecommunications technology platforms, and we acquire
  and store sensitive data, including intellectual property, our proprietary business information and personally identifiable information
  of our prospective and current tenants, our employees and third-party service providers on our networks and website. The secure processing
  and maintenance of this information is critical to our operations and business strategy. Despite our security measures, our information
  technology and infrastructure may be vulnerable to attacks by hackers or breached due to employee error, malfeasance or other disruptions.
  Any such breach could compromise our networks and the information stored there could be accessed, publicly disclosed, lost or stolen.
  Any such access, disclosure or other loss of information could result in revenue losses, legal claims or proceedings, liability under
  laws that protect the privacy of personal information, regulatory penalties, disruption to our operations and the services we provide
  to customers or damage our reputation, which could adversely affect our results of operations and competitive position.
  We are dependent on
  our executive officers and dedicated personnel, and the departure of any of our key personnel could materially and adversely affect us.
  We rely on a small number
  of persons to carry out our business and investment strategies. An Executive Search Committee has been authorized to evaluate and propose
  qualified executive candidates for approval by the Board of Directors. Any member of our senior management may cease to provide services
  to us at any time. The loss of the services of any of our key management personnel, or our inability to recruit and retain qualified personnel
  in the future, could have an adverse effect on our business and financial results. As we expand, we will continue to need to attract and
  retain qualified additional senior management but may not be able to do so on acceptable terms or at all. Cuentas does not yet have but
  intends to have key man life insurance policies in place.
  14
  We are subject to regulation
  which may adversely affect our ability to execute our business plan.
  We operate in an ever evolving
  and complex legal and regulatory environment. We, the products and services that we offer and market, and those for which we provide processing
  services, are subject to a variety of federal, state and foreign laws and regulations, including, but not limited to: federal communications
  laws and regulations; foreign jurisdiction communications laws and regulations; federal anti-money laundering laws and regulations, including
  the USA PATRIOT Act (the "Patriot Act"), the Bank Secrecy Act (the "BSA"), anti-terrorist financing laws and anti-bribery
  and corrupt practice laws and regulations in the U.S., and similar international laws and regulations, including the Proceeds of Crime
  (Money Laundering) and Terrorist Financing Act in Canada; state unclaimed property laws and money transmitter or similar licensing requirements;
  federal and state consumer protection laws, including the Credit Card Accountability, Responsibility and Disclosure Act of 2009 (the "CARD
  Act"), and the Durbin Amendment to Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the "Dodd-Frank Act"),
  and regulations relating to privacy and data security; and foreign jurisdiction payment services industry regulations. We believe that
  we are currently operating in compliance with all applicable laws and regulations, but there is no certainty that laws and regulations
  affecting our business will not change. Any such change of laws and regulations applicable to our business might adversely affect our
  ability to execute our business plan and achieve profitable operating results.
  We are subject to Card
  Association and Network Organization Rules.
  In addition to the federal,
  state, local, and foreign jurisdiction laws and regulations discussed above, we, Cuentas and our issuing banks, are also subject to card
  association and debit network rules and standards. The operating rules govern a variety of areas, including how consumers and merchants
  may use their cards and data security. Each card association and network organization audit us from time to time to ensure our compliance
  with these standards. Noncompliance with these rules or standards due to our acts or omissions or the acts or omissions of businesses
  that work with us could result in fines and penalties or the termination of the card association registrations held by us or any of our
  issuing banks. Changes in card association rules or standards set by Mastercard International or Vanilla Reload, or changes in card association
  and debit network fees or products or interchange rates, could materially and adversely affect our business, financial condition and results
  of operations.
  Our success depends,
  in part, upon our ability to hire and retain highly skilled managerial, and operational personnel, and the past performance of our senior
  management may not be indicative of future results.
  The implementation of our
  business plan may require that we employ additional qualified personnel. Competition for highly skilled managerial, telecommunications,
  financial and operational personnel is intense, and we cannot assure our stockholders that we will be successful in attracting and retaining
  such skilled personnel. If we are unable to hire and retain qualified personnel as required, our growth and operating results could be
  adversely affected.
  The Company and its
  subsidiaries have well-financed, well-managed competitors and may not be able to adequately compete in its market.
  Most of our competitors are
  larger and have greater financial, technical, marketing, and other resources than we do. Some of our competitors have seasoned management
  teams with more experience and expertise in our industry than we do. Some competitors may enjoy significant competitive advantages that
  result from, among other things, having substantially more available capital, having a lower cost of capital, having greater economies
  of scale, and having enhanced operating efficiencies compared to ours.
  Cuentas recently began e-commerce
  card operations and is much smaller than its competitors, faces competition in the prepaid financial services industry including competitors
  such as American Express, First Data, Total Systems Services, Green Dot, NetSpend, Money Network, Momentum, Blackhawk, Prepaid MasterCard,
  MasterCard RePower, PayPal, Apple Pay, Amex Serve, H&R Block Emerald, J.P. Morgan Chase, and others. Cuentas also faces intense competition
  from existing players in the prepaid card industry.
  Cuentas Mobile faces competitors
  including, without limitation, AT&T, Sprint, Viber, WhatsApp, Skype, MetroPCS, TracFone, Telcel, StraightTalk, Simple Mobile, Virgin
  Mobile, Boost, Net 10, IDT, Boost, and others.
  M&M faces competition
  from many strong and well-financed competitors and other competitors, engaged in the retail termination of domestic and international
  long distance as well a mobile voice, text, and data services, including, without limitation, IDT, NobelCom, Access Wireless, Boost Mobile,
  H2O mobile, Mint Mobile and others.
  15
  Cuentas Mobile is dependent
  on the performance of third-party network operators.
  Mobile virtual network operators,
  including Cuentas Mobile, earn revenues by purchasing network capacity from other network operators and reselling it to end users.
  To compete effectively,
  Cuentas needs to improve its offerings continuously.
  Cuentas began operations recently
  and is substantially smaller than its competitors. As a result, to compete effectively, Cuentas needs to improve its offerings rapidly
  and continuously.
  Cuentas may be adversely
  affected by fraudulent activity.
  Criminals, including, without
  limitation, cyber-organized criminal syndicates, and others, use increasingly sophisticated methods to engage in illegal activities involving
  prepaid cards, reload products, and customer information. Cuentas relies on third parties for certain transaction processing services,
  which subjects Cuentas and its customers to risks related to the vulnerabilities of these third parties, as well as Cuentas's own
  vulnerabilities to criminals engaged in fraudulent activities. Fraudulent activity could result in the imposition of regulatory sanctions,
  including significant monetary fines, which could adversely affect Cuentas's business, operating results, and financial condition.
  Cuentas, like other e-commerce networks has been tested and threatened by fraudulent activity but we have initiated protocols and alerts
  to minimize or eliminate fraudulent activity. To date, Cuentas has been minimally affected by fraudulent activity.
  Risks Related to an Investment in Our Securities and this Offering
  Our failure to meet
  the continued listing requirements of Nasdaq could result in a de-listing of our Common Stock.
  We are currently subject to
  a delisting notice from Nasdaq, as our stock price closed at less than $1 per share over a 30 consecutive business day period (which resulted
  in a failure to comply with Listing Rule 5550(a)(2)) and we were not eligible for an extension, and we are not currently in compliance
  with the director independence requirement. Additionally, pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iii) (the "$0.10 Rule"),
  our Common Stock may be subject to immediate delisting from Nasdaq if our Common Stock has a closing bid price of $0.10 or less for any
  ten (10) consecutive trading days. In the event that we are in violation of the $0.10 Rule, Nasdaq will issue another Staff Delisting
  Determination with the potential opportunity for us to appeal that determination. If we cannot remedy these delinquencies in adequate
  time our stock will be de-listed Nasdaq will take steps to de-list our securities. Such a de-listing would likely have a negative effect
  on the price of our Common Stock and would impair your ability to sell or purchase our Common Stock when you wish to do so. In the event
  of a de-listing, we would take actions to restore our compliance with Nasdaq's listing requirements, but we can provide no assurance
  that any such action taken by us would allow our Common Stock to become listed again, stabilize the market price or improve the liquidity
  of our Common Stock, prevent our Common Stock from dropping below the Nasdaq minimum bid price requirement or prevent future non-compliance
  with Nasdaq's listing requirements.
  The market price of
  our Common Stock and Warrants may be highly volatile, and you could lose all or part of your investment.
  The trading price of our Common
  Stock and Warrants is likely to be volatile. This volatility may prevent you from being able to sell your securities at or above the price
  you paid for your securities. Our stock price could be subject to wide fluctuations in response to a variety of factors, which include:
  ●
  whether we achieve our anticipated corporate objectives;
  ●
  actual or anticipated fluctuations in our quarterly or annual operating results;
  ●
  changes in financial or operational estimates or projections;
  ●
  termination of the lock-up agreement or other restrictions on the ability of our stockholders and other security holders to sell shares after this offering;
  ●
  changes in the economic performance or market valuations of companies similar to ours; and
  ●
  general economic or political conditions in the United States or elsewhere.
  16
  In addition, the stock market
  in general has experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance
  of these companies. Broad market and industry factors may negatively affect the market price of our Common Stock, regardless of our actual
  operating performance.
  If our shares become
  subject to the penny stock rules, it would become more difficult to trade our shares.
  The SEC has adopted rules
  that regulate broker-dealer practices in connection with transactions in penny stocks. Penny stocks are generally equity securities with
  a price of less than $5.00, other than securities registered on certain national securities exchanges or authorized for quotation on certain
  automated quotation systems, provided that current price and volume information with respect to transactions in such securities is provided
  by the exchange or system. If we do not retain a listing on Nasdaq and if the price of our Common Stock is less than $5.00, our Common
  Stock will be deemed a penny stock. The penny stock rules require a broker-dealer, before a transaction in a penny stock not otherwise
  exempt from those rules, to deliver a standardized risk disclosure document containing specified information. In addition, the penny stock
  rules require that before effecting any transaction in a penny stock not otherwise exempt from those rules, a broker-dealer must make
  a special written determination that the penny stock is a suitable investment for the purchaser and receive (i) the purchaser's
  written acknowledgment of the receipt of a risk disclosure statement; (ii) a written agreement to transactions involving penny stocks;
  and (iii) a signed and dated copy of a written suitability statement. These disclosure requirements may have the effect of reducing the
  trading activity in the secondary market for our Common Stock, and therefore shareholders may have difficulty selling their shares.
  If securities or industry
  analysts do not publish or cease publishing research or reports about us, our business or our market, or if they change their recommendations
  regarding our Common Stock adversely, the price of our securities and trading volume could decline.
  The trading market for our
  securities may be influenced by the research and reports that securities or industry analysts may publish about us, our business, our
  market or our competitors. If any of the analysts who may cover us change their recommendation regarding our Common Stock adversely, or
  provide more favorable relative recommendations about our competitors, the price of our securities would likely decline. If any analyst
  who may cover us was to cease coverage of the Company or fail to regularly publish reports on us, we could lose visibility in the financial
  markets, which in turn could cause the price of our securities or trading volume to decline.
  We do not expect to
  pay dividends for the foreseeable future.
  We do not expect to pay dividends
  on our Common Stock for the foreseeable future. Accordingly, any potential investor who anticipates the need for current dividends should
  not purchase our securities.
  Our existing directors,
  executive officers and principal shareholders will continue to have substantial control over us , which could limit your ability to influence
  the outcome of key transactions, including a change of control.
  Our directors, executive officers,
  principal shareholders and their affiliates beneficially own or control, directly or indirectly, in the aggregate, approximately 31.69%
  of our outstanding Common Stock. As a result, these shareholders, acting together, could have significant influence over the outcome of
  matters submitted to our shareholders for approval, including the election or removal of directors; any amendments to our articles of
  incorporation or bylaws; any merger, consolidation or sale of all or substantially all of our assets; and over the management and affairs
  of the Company. This concentration of ownership may also have the effect of delaying or preventing a change in control of the Company
  or discouraging others from making tender offers for our shares and might affect the market price of our Common Stock.
  17
  SELLING STOCKHOLDERS
  The following table sets forth
  (a) the name and position or positions with the Company of each Selling Stockholder; (b) the aggregate of (i) the number of shares of
  Common Stock held by each Selling Stockholder as of the date of this prospectus and (ii) the number of shares issuable upon exercise of
  options and vesting of restricted stock awards or restricted stock units granted to each Selling Stockholder under the 2021 Plan that
  are being registered pursuant to this Registration Statement for resale by each Selling Stockholder as of the date of this prospectus;
  (c) the number of shares of Common Stock that each Selling Stockholder may offer for sale from time to time pursuant to this prospectus,
  whether or not such Selling Stockholder has a present intention to do so; and (d) the number of shares of Common Stock to be beneficially
  owned by each Selling Stockholder following the sale of all shares that may be so offered pursuant to this prospectus, assuming no other
  change in ownership of Common Stock by such Selling Stockholder after the date of this prospectus. Unless otherwise indicated, beneficial
  ownership is direct, and the person indicated has sole voting and investment power.
  To our knowledge, none of
  our officers and directors have a present intention to offer shares of Common stock for sale, although they retain the right to do so.
  Inclusion of an individual's
  name in the table below does not constitute an admission that such individual is an "affiliate" of the Company.
  Selling Stockholders
  (1)
  Principal Position with the Company
  (2)
  Shares Owned
  Prior to Resale
  (3)
  Number of
  Shares Offered
  for
  Resale
  Number of Shares owned
  After Resale
  Number
  Percent
  (2)
  Arik Maimon
  Interim CEO and Chairman of the Board
  1,982,961
  365,000
  1,617,961
  8.4
  %
  Ran Daniel
  Chief Financial Officer
  120,000
  100,000
  20,000
  *
  %
  Michael De Prado
  Interim President and Vice Chairman of the Board
  1,078,032
  315,000
  763,032
  4.0
  %
  Adiv Baruch
  Director
  313,334
  250,000
  63,334
  *
  %
  Sandra Orihuela
  Director
  100,000
  100,000
  0
  0
  %
  Sara Sooy
  Director
  100,000
  100,000
  0
  0
  %
  Yochanon Bruk
  Director
  2,902,992
  200,000
  2,702,992
  14.1
  %
  *
  Less than 1%.
  (1)
  Except as otherwise noted below, the address for each person or entity listed in the table is c/o Cuentas Inc., 235 Lincoln Rd, Suite 210, Miami Beach, Florida 33139.
  (2)
  All positions described are with the Company, unless otherwise indicated.
  (3)
  The number of shares owned prior to resale by each Selling Stockholder includes shares issuable upon exercise of options granted to such Selling Stockholders under the 2021 Plan  registered pursuant to this prospectus for resale.
  (4)
  Percentage is computed with reference to
  19,289,734
  shares of our Common Stock outstanding as of November 18, 2022 and assumes for each Selling Stockholder the sale of all shares offered by that particular Selling Stockholder under this prospectus.
  The
  Company may supplement this prospectus from time to time as required by the rules of the SEC to include certain information concerning
  the security ownership of the Selling Stockholders or any new Selling Stockholders, the number of securities offered for resale and the
  position, office or other material relationship which a Selling Stockholder has had within the past three years with the Company or any
  of its predecessors or affiliates.
  USE OF PROCEEDS
  We will not receive any proceeds
  from the resale of our Common Stock by the Selling Stockholders pursuant to this prospectus. However, we will receive the exercise price
  of any Common Stock issued to the Selling Stockholders upon cash exercise by them of their options. We would expect to use these proceeds,
  if any, for general working capital purposes. We have agreed to pay the expenses of registration of these shares.
  18
  PLAN OF DISTRIBUTION
  In this section of the prospectus,
  the term "Selling Stockholder" means and includes:
  ●
  the persons identified in the table above as the Selling Stockholders;
  ●
  those persons whose identities are not known as of the date hereof but may in the future be eligible to receive options under the 2021 Plan: and
  ●
  any of the donees, pledgees, distributees, transferees or other successors in interest of those persons referenced above who may: (a) receive any of the shares of our common stock offered hereby after the date of this prospectus and (b) offer or sell those shares hereunder.
  The shares of our Common Stock
  offered by this prospectus may be sold from time to time directly by the Selling Stockholders. Alternatively, the Selling Stockholders
  may from time to time offer such shares through underwriters, brokers, dealers, agents or other intermediaries. The Selling Stockholders
  as of the date of this prospectus have advised us that there were no underwriting or distribution arrangements entered into with respect
  to the Common Stock offered hereby. The distribution of the Common Stock by the Selling Stockholders may be effected: in one or more transactions
  that may take place on The Nasdaq Capital Market (including one or more block transaction) through customary brokerage channels, either
  through brokers acting as agents for the Selling Stockholders, or through market makers, dealers or underwriters acting as principals
  who may resell these shares on The Nasdaq Capital Market; in privately-negotiated sales; by a combination of such methods; or by other
  means. These transactions may be affected at market prices prevailing at the time of sale, at prices related to such prevailing market
  prices or at other negotiated prices. Usual and customary or specifically negotiated brokerage fees or commissions may be paid by the
  Selling Stockholders in connection with sales of our Common Stock.
  The Selling Stockholders may
  enter into hedging transactions with broker-dealers in connection with distributions of the shares or otherwise. In such transactions,
  broker-dealers may engage in short sales of the shares of our Common Stock in the course of hedging the positions they assume with the
  Selling Stockholders. The Selling Stockholders also may sell shares short and redeliver the shares to close out such short positions.
  The Selling Stockholders may enter into option or other transactions with broker-dealers which require the delivery to the broker-dealer
  of shares of our Common Stock. The broker-dealer may then resell or otherwise transfer such shares of Common Stock pursuant to this prospectus.
  The Selling Stockholders also
  may lend or pledge shares of our Common Stock to a broker-dealer. The broker-dealer may sell the shares of Common Stock so lent, or upon
  a default the broker-dealer may sell the pledged shares of Common Stock pursuant to this prospectus. Any securities covered by this prospectus
  which qualify for sale pursuant to Rule 144 may be sold under Rule 144 rather than pursuant to this prospectus.
  The Selling Stockholders have
  advised us that they have not entered into any agreements, understandings or arrangements with any underwriters or broker-dealers regarding
  the sale of their securities. There is no underwriter or coordinating broker acting in connection with the proposed sale of shares of
  Common Stock the Selling Stockholders.
  Although the shares of Common
  Stock covered by this prospectus are not currently being underwritten, the Selling Stockholders or their underwriters, brokers, dealers
  or other agents or other intermediaries, if any, that may participate with the selling security holders in any offering or distribution
  of Common Stock may be deemed "underwriters" within the meaning of the Securities Act and any profits realized or commissions
  received by them may be deemed underwriting compensation thereunder.
  Under applicable rules and
  regulations under the Exchange Act, any person engaged in a distribution of shares of the Common Stock offered hereby may not simultaneously
  engage in market making activities with respect to the Common Stock for a period of up to five days preceding such distribution. The Selling
  Stockholders will be subject to the applicable provisions of the Exchange Act and the rules and regulations promulgated thereunder, including
  without limitation Regulation M, which provisions may limit the timing of purchases and sales by the Selling Stockholders.
  In order to comply with certain
  state securities or blue-sky laws and regulations, if applicable, the Common Stock offered hereby will be sold in such jurisdictions only
  through registered or licensed brokers or dealers. In certain states, the Common Stock may not be sold unless they are registered or qualified
  for sale in such state, or unless an exemption from registration or qualification is available and is obtained.
  19
  We will bear all costs, expenses
  and fees in connection with the registration of the Common Stock offered hereby. However, the Selling Stockholders will bear any brokerage
  or underwriting commissions and similar selling expenses, if any, attributable to the sale of the shares of Common Stock offered pursuant
  to this prospectus. We have agreed to indemnify the Selling Stockholders against certain liabilities, including liabilities under the
  Securities Act, or to contribute to payments to which any of those security holders may be required to make in respect thereof.
  There can be no assurance
  that the Selling Stockholders will sell any or all of the securities offered by them hereby.
  LEGAL MATTERS
  The validity of the securities
  being offered herein has been passed upon for us by Ellenoff Grossman & Schole LLP, New York, New York.
  EXPERTS
  The financial statements of
  Cuentas Inc. as of December 31, 2021, and 2020, and for each of the years in the two-year period ended December 31, 2021, have been audited
  by Halperin Ilanit, CPA, an independent registered public accounting firm, as stated in their consent appearing herein. Such financial
  statements are incorporated by reference into this prospectus and registration statement in reliance upon the report of Halperin Ilanit,
  CPA, appearing in our Annual Report on Form 10-K as filed with the SEC on April 1, 2022, and upon the authority of such firm as experts
  in accounting and auditing.
  DISCLOSURE OF COMMISSION POSITION ON
  INDEMNIFICATION FOR SECURITIES LAWS VIOLATIONS
  Insofar as indemnification
  for liabilities arising under the Securities Act may be permitted to our directors, officers and controlling persons pursuant to the foregoing
  provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities
  Act and is, therefore, unenforceable.
  20
  You should rely only on
  the information contained in this document. We have not authorized anyone to provide you with information that is different. This document
  may only be used where it is legal to sell these securities. The information in this document may only be accurate on the date of this
  document.
  Additional risks and uncertainties
  not presently known or that are currently deemed immaterial may also impair our business operations. The risks and uncertainties described
  in this document and other risks and uncertainties which we may face in the future will have a greater impact on those who purchase our
  common stock. These purchasers will purchase our common stock at the market price or at a privately negotiated price and will run the
  risk of losing their entire investment.
  CUENTAS
  INC.
  3,150,000
  Shares of
  Common Stock
  PROSPECTUS
  December 30, 2022
  PART II
  INFORMATION NOT REQUIRED IN PROSPECTUS
  Item 3. Incorporation of Documents by Reference
  We
  are "incorporating by reference" in this prospectus certain documents we file with the SEC, which means that we can disclose
  important information to you by referring you to those documents. The information in the documents incorporated by reference is considered
  to be part of this prospectus. Statements contained in documents that we file with the SEC and that are incorporated by reference in this
  prospectus will automatically update and supersede information contained in this prospectus, including information in previously filed
  documents or reports that have been incorporated by reference in this prospectus, to the extent the new information differs from or is
  inconsistent with the old information. We have filed or may file the following documents with the SEC, and they are incorporated herein
  by reference as of their respective dates of filing.
  (i)
  our Annual Report on
  Form 10-K
  for the fiscal year ended December 31, 2021, as filed with the SEC on April 1, 2022;
  (ii)
  our Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, June 30, 2022, and September 30, 2022, as filed with the SEC on
  May 16, 2022
  ,
  August 15, 2022
  , and
  November 14, 2022
  , respectively;
  (iii)
  our Current Reports on Form 8-K as filed with the SEC on
  January  11, 2022
  ,
  February 8, 2022
  ,
  May 3, 2022
  ,
  May 23, 2022
  ,
  June 3, 2022
  ,
  June 15, 2022
  ,
  June 27, 2022
  ,
  July 8, 2022
  ,
  July 29, 2022
  ,
  August 4, 2022
  ,
  August 9, 2022
  ,
  August 24, 2022
  ,
  August 26, 2022
  ,
  October 6, 2022
  ,
  November 8, 2022
  ,
  November 15, 2022
  , and
  December 23, 2022
  ;
  (iv)
  Definitive Proxy
  filed December 6, 2022; and
  (v)
  The description of the Company's securities registered under Section 12 of the Exchange Act filed with the SEC on February 1, 2021.
  All documents that we filed
  with the SEC pursuant to Sections 13(a), 13(c), 14, and 15(d) of the Exchange Act subsequent to the date of this prospectus that indicates
  that all securities offered under this prospectus have been sold, or that deregisters all securities then remaining unsold, will be deemed
  to be incorporated in this prospectus by reference and to be a part hereof from the date of filing of such documents.
  Any statement contained in
  a document incorporated or deemed to be incorporated by reference in this prospectus shall be deemed modified, superseded or replaced
  for purposes of this prospectus to the extent that a statement contained in this prospectus, or in any subsequently filed document that
  also is deemed to be incorporated by reference in this prospectus, modifies, supersedes or replaces such statement. Any statement so modified,
  superseded or replaced shall not be deemed, except as so modified, superseded or replaced, to constitute a part of this prospectus. None
  of the information that we disclose under Items 2.02 or 7.01 of any Current Report on Form 8-K or any corresponding information, either
  furnished under Item 9.01 or included as an exhibit therein, that we may from time to time furnish to the SEC will be incorporated by
  reference into, or otherwise included in, this prospectus, except as otherwise expressly set forth in the relevant document. Subject to
  the foregoing, all information appearing in this prospectus is qualified in its entirety by the information appearing in the documents
  incorporated by reference.
  You may request, orally or
  in writing, a copy of these documents, which will be provided to you at no cost (other than exhibits, unless such exhibits are specifically
  incorporate by reference), by contacting Matthew Schulman, c/o Cuentas Inc., at 235 Lincoln Rd., Suite 210, Miami Beach, Florida 33139.
  Our telephone number is (800) 611-3622. Information about us is also available at our website at www.cuentas.com. However, the information
  in our website is not a part of this prospectus and is not incorporated by reference.
  Item 4. Description of Securities
  Not applicable.
  Item 5. Interests of Named Experts and Counsel.
  Not applicable.
  II-
  1
  Item 6. Indemnification of Officers and Directors.
  The Florida Business Corporation
  Act (the "FBCA") provides that a corporation may indemnify a director or officer against liability if the director or officer
  acted in good faith, the director or officer acted in a manner he or she reasonably believed to be in, or not opposed to, the best interests
  of the corporation, and in the case of any criminal proceeding, the director or officer had no reasonable cause to believe his or her
  conduct was unlawful. A corporation may not indemnify a director or an officer except for expenses and amounts paid in settlement not
  exceeding, in the judgment of the board of directors, the estimated expense of litigating the proceeding to conclusion, actually and reasonably
  incurred in connection with the defense or settlement of such proceeding, including any appeal thereof, where such person acted in good
  faith and in a manner he or she reasonably believed to be in, or not opposed to, the best interests of the corporation.
  The FBCA provides that a corporation
  must indemnify a director or officer who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which
  the individual was a party because he or she is or was a director or officer of the corporation against expenses incurred by the individual
  in connection with the proceeding.
  A corporation may, before final disposition
  of a proceeding, advance funds to pay for or reimburse expenses incurred in connection with the proceeding by a director or an officer
  if the director or officer delivers to the corporation a signed written undertaking of the director or officer to repay any funds advanced
  if such director or officer is not entitled to indemnification.
  Our amended and restated articles of
  incorporation and bylaws provide that we shall indemnify our directors, officers, employees and agents to the full extent permitted by
  FBCA, including in circumstances in which indemnification is otherwise discretionary under such law.
  These indemnification provisions may
  be sufficiently broad to permit indemnification of our officers, directors and other corporate agents for liabilities (including reimbursement
  of expenses incurred) arising under the Securities Act.
  Insofar as indemnification for liabilities
  arising under the Securities Act may be permitted to directors, officers and controlling persons of our company pursuant to the foregoing
  provisions, or otherwise, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed
  in the Securities Act and is, therefore, unenforceable.
  We have the power to purchase
  and maintain insurance on behalf of any person who is or was one of our directors or officers, or is or was serving at our request as
  a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other business against any liability
  asserted against the person or incurred by the person in any of these capacities, or arising out of the person's fulfilling one
  of these capacities, and related expenses, whether or not we would have the power to indemnify the person against the claim under the
  provisions of the FBCA. We do not currently maintain director and officer liability insurance on behalf of our director and officers;
  however, we intend to so purchase and maintain such insurance when economically feasible.
  Additionally, our amended
  and restated articles of incorporation provides that we shall, to the maximum extent permitted from time to time under the law of the
  State of Florida, indemnify and upon request shall advance expenses to any person who is or was a party or is threatened to be made a
  party to any threatened, pending or completed action, suit, proceeding or claim, whether civil, criminal, administrative or investigative,
  by reason of the fact that such person is or was or has agreed to be a director or officer of ours or while a director or officer is or
  was serving at our request as a director, officer, partner, trustee, employee or agent of any corporation, partnership, joint venture,
  trust or other enterprise, including service with respect to employee benefit plans, against expenses (including attorneys' fees
  and expenses), judgments, fines, penalties and amounts paid in settlement incurred in connection with the investigation, preparation to
  defend or defense of such action, suit, proceeding or claim; provided, however, that the foregoing shall not require us to indemnify or
  advance expenses to any person in connection with any action, suit, proceeding or claim initiated by or on behalf of such person or any
  counterclaim against us initiated by or on behalf of such person. Such indemnification shall not be exclusive of other indemnification
  rights arising under any by-law, agreement, vote of directors or stockholders or otherwise and shall inure to the benefit of the heirs
  and legal representatives of such person. Any person seeking indemnification shall be deemed to have met the standard of conduct required
  for such indemnification unless the contrary shall be established. Any repeal or modification of our amended and restated articles of
  incorporation shall not adversely affect any right or protection of a director or officer of ours with respect to any acts or omissions
  of such director or officer occurring prior to such repeal or modification.
  II-
  2
  Expenses incurred by such
  a person in defending a civil or criminal action, suit or proceeding by reason of the fact that such person is or was, or has agreed to
  become, a director or officer of ours, or is or was serving, or has agreed to serve, at our request, as a director, officer or trustee
  of, or in a similar capacity with, another corporation, partnership, joint venture, trust or other enterprise, including any employee
  benefit plan, or by reason of any action alleged to have been taken or omitted in such capacity shall be paid by us in advance of the
  final disposition of such action, suit or proceeding upon receipt of an undertaking by or on behalf of such person to repay such amount
  if it shall ultimately be determined that he is not entitled to be indemnified by us as authorized by relevant sections of the FBCA. Notwithstanding
  the foregoing, we shall not be required to advance such expenses to a person who is a party to an action, suit or proceeding brought by
  us and approved by a majority of our Board of Directors that alleges willful misappropriation of corporate assets by such person, disclosure
  of confidential information in violation of such person's fiduciary or contractual obligations to us or any other willful and deliberate
  breach in bad faith of such person's duty to us or our stockholders.
  We shall not indemnify any
  such person seeking indemnification in connection with a proceeding (or part thereof) initiated by such person unless the initiation thereof
  was approved by our Board of Directors.
  The indemnification rights
  provided in our bylaws, which will be in effect upon the consummation of this offering, shall not be deemed exclusive of any other rights
  to which those indemnified may be entitled under any by-law, agreement or vote of stockholders or disinterested directors or otherwise,
  both as to action in their official capacities and as to action in another capacity while holding such office, continue as to such person
  who has ceased to be a director or officer, and inure to the benefit of the heirs, executors and administrators of such a person.
  If the FBCA Law is amended
  to expand further the indemnification permitted to indemnitees, then we shall indemnify such persons to the fullest extent permitted by
  the FBCA, as so amended.
  We may, to the extent authorized
  from time to time by our Board of Directors, grant indemnification rights to other employees or agents of ours or other persons serving
  us, and such rights may be equivalent to, or greater or less than, those set forth in our bylaws, which will be in effect upon the consummation
  of this offering.
  Our obligation to provide
  indemnification under our bylaws, which will be in effect upon the consummation of this offering, shall be offset to the extent of any
  other source of indemnification or any otherwise applicable insurance coverage under a policy maintained by us or any other person.
  To assure indemnification
  under our bylaws, which will be in effect upon the consummation of this offering, of all directors, officers, employees or agents who
  are determined by us or otherwise to be or to have been "fiduciaries" of any employee benefit plan of ours that may exist
  from time to time, the FBCA shall, for the purposes of our bylaws, which will be in effect upon the consummation of this offering, be
  interpreted as follows: an "other enterprise" shall be deemed to include such an employee benefit plan, including without
  limitation, any plan of ours that is governed by the Act of Congress entitled "Employee Retirement Income Security Act of 1974,"
  as amended from time to time; we shall be deemed to have requested a person to serve an employee benefit plan where the performance by
  such person of his duties to us also imposes duties on, or otherwise involves services by, such person to the plan or participants or
  beneficiaries of the plan; and excise taxes assessed on a person with respect to an employee benefit plan pursuant to such Act of Congress
  shall be deemed "fines."
  Our bylaws, which will be
  in effect upon the consummation of this offering, shall be deemed to be a contract between us and each person who was or is a party or
  is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative
  or investigative, by reason of the fact that person is or was, or has agreed to become, a director or officer of ours, or is or was serving,
  or has agreed to serve, at our request, as a director, officer or trustee of, or in a similar capacity with, another corporation, partnership,
  joint venture, trust or other enterprise, including any employee benefit plan, or by reason of any action alleged to have been taken or
  omitted in such capacity, at any time while this by-law is in effect, and any repeal or modification thereof shall not affect any rights
  or obligations then existing with respect to any state of facts then or theretofore existing or any action, suit or proceeding theretofore
  or thereafter brought based in whole or in part upon any such state of facts.
  The indemnification provision
  of our bylaws, which will be in effect upon the consummation of this offering, does not affect directors' responsibilities under
  any other laws, such as the federal securities laws or state or federal environmental laws.
  II-
  3
  We may purchase and maintain
  insurance on behalf of any person who is or was a director, officer or employee of ours, or is or was serving at our request as a director,
  officer, employee or agent of another company, partnership, joint venture, trust or other enterprise against liability asserted against
  him and incurred by him in any such capacity, or arising out of his status as such, whether or not we would have the power to indemnify
  him against liability under the provisions of this section. We currently maintain such insurance.
  The right of any person to
  be indemnified is subject to our right, in lieu of such indemnity, to settle any such claim, action, suit or proceeding at our expense
  of by the payment of the amount of such settlement and the costs and expenses incurred in connection therewith.
  Insofar as indemnification
  for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling our company pursuant to
  the foregoing provisions, or otherwise, we have been advised that in the opinion of the Securities and Exchange Commission, such indemnification
  is against public policy as expressed in the Securities Act and is, therefore, unenforceable.
  In the event that a claim
  for indemnification against such liabilities (other than the payment of expenses incurred or paid by a director, officer or controlling
  person in a successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection
  with the securities being registered herewith, we will, unless in the opinion of our counsel the matter has been settled by controlling
  precedent, submit to the court of appropriate jurisdiction the question whether such indemnification by us is against public policy as
  expressed in the Securities Act and will be governed by the final adjudication of such issue.
  The Registrant plans to enter
  into an underwriting agreement, which provides that the underwriters are obligated, under some circumstances, to indemnify the Registrant's
  directors, officers and controlling persons against specified liabilities, including liabilities under the Securities Act.
  Our articles of incorporation
  contain provisions to indemnify the directors, officers, employees and other agents to the fullest extent permitted by the FBCA. These
  provisions may have the practical effect in certain cases of eliminating the ability of shareholders to collect monetary damages from
  directors. We are also a party to indemnification agreements with each of our directors. We believe that these provisions will assist
  us in attracting and retaining qualified individuals to serve as our directors. Pursuant to the FCBA, our articles of incorporation exclude
  personal liability for our directors for monetary damages based upon any violation of their fiduciary duties as directors, except as to
  liability for any breach of the duty of loyalty, acts or omissions not in good faith or which involve intentional misconduct or a knowing
  violation of law, or any transaction from which a director receives an improper personal benefit. This exclusion of liability does not
  limit any right which a director may have to be indemnified and does not affect any director's liability under federal or applicable
  state securities laws. We have agreed to indemnify our directors against expenses, judgements, and amounts paid in settlement in connection
  with any claim against a director if he acted in good faith and in a manner, he believed to be in our best interests.
  Item 7. Exemption from Registration Claimed.
  Not applicable.
  Item 8. Exhibits
  The following exhibits are
  filed with this Registration Statement.
  Number
  Description
  3.1
  Amended and Restated Articles of Incorporation (incorporated by reference to Exhibit 3.2 of the Registrant's Annual Report on Form 10-K filed on March 25, 2021).
  3.2
  Amended and Restated Bylaws (incorporated by reference to Exhibit 3.4 to the Registrant's Annual Report on Form 10-K filed on March 25, 2021).
  4.1
  Cuentas Inc., 2021 Share Incentive Plan. (incorporated by reference to Annex A to the definitive proxy filed on November 18, 2021)
  5.1
  Opinion of Ellenoff Grossman & Schole LLP (Filed herewith)
  23.1
  Consent of_Halperin Ilnat, independent registered public accounting firm (Filed herewith)
  23.2
  Consent of Ellenoff Grossman & Schole LLP (included in Exhibit 5.1)
  24
  Powers of Attorney (included on signature page)
  107
  Calculation of Filing Fee Table Form S-8 (Filed herewith)
  II-
  4
  Item 9. Undertakings.
  (a) The undersigned registrant hereby undertakes:
  (1) To file, during any period
  in which offers, or sales are being made, a post-effective amendment to this registration statement
  (i) To include any material
  information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to
  such information in the registration statement.
  (2) That, for the purpose
  of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration
  statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
  bona fide offering thereof.
  (3) To remove from registration
  by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
  (4) That prior to any public
  reoffering of the securities registered hereunder through use of a prospectus which is a part of this registration statement, by any person
  or party who is deemed to be an underwriter within the meaning of Rule 145(c), such reoffering prospectus will contain the information
  called for by the applicable registration form with respect to reofferings by persons who may be deemed underwriters, in addition to the
  information called for by the other items of the applicable form.
  (5) That every prospectus
  (i) that is filed pursuant to paragraph (4) immediately preceding, or (ii) that purports to meet the requirements of Section 10(a)(3)
  of the Securities Act of 1933 and is used in connection with an offering of securities subject to Rule 415, will be filed as a part of
  an amendment to the registration statement and will not be used until such amendment is effective, and that, for purposes of determining
  any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement
  relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide
  offering thereof.
  (6) That, for purposes of
  determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to Section 13(a)
  or 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's annual report
  pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall
  be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time
  shall be deemed to be the initial bona fide offering thereof.
  (7) To respond to requests
  for information that is incorporated by reference into the joint proxy statement/prospectus pursuant to Item 4, 10(b), 11 or 13 of this
  form, within one business day of receipt of such request, and to send the incorporated documents by first class mail or other equally
  prompt means. This includes information contained in documents filed subsequent to the effective date of the registration statement through
  the date of responding to the request.
  (8) To supply by means of
  a post-effective amendment all information concerning a transaction, and the company being acquired involved therein, that was not the
  subject of and included in the registration statement when it became effective.
  (b) Insofar as indemnification for liabilities
  arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to
  the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission
  such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a
  claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director,
  officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director,
  officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel
  the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification
  by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
  (c) The undersigned registrant hereby undertakes
  that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report
  pursuant to section 13(a) or section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit
  plan's annual report pursuant to section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the
  registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering
  of such securities at that time shall be deemed to be the initial bona fide offering thereof.
  II-
  5
  SIGNATURES
  Pursuant to the requirements of the Securities
  Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for
  filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized,
  on December 30, 2022.
  CUENTAS INC.
  By:
  /s/ Arik Maimon
  Arik Maimon
  Interim Chief Executive Officer
  POWER OF ATTORNEY
  KNOW
  ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Arik Maimon his true and lawful attorney-in-fact,
  with full power of substitution and resubstitution for him and in his name, place and stead, in any and all capacities to sign any and
  all amendments including post-effective amendments to this registration statement, and to file the same, with all exhibits thereto, and
  other documents in connection therewith, with the SEC, hereby ratifying and confirming all that said attorney-in-fact or his substitute,
  each acting alone, may lawfully do or cause to be done by virtue thereof.
  Pursuant
  to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in
  the capacities and on the dates indicated.
  By:
  /s/ Ran Daniel
  December 30, 2022
  Ran Daniel
  Chief Financial Officer
  (Principal Financing and Accounting Officer)
  By:
  /s/ Arik Maimon
  December 30, 2022
  Arik Maimon
  Interim Chief Executive Officer and Chairman of the Board
  (Principal Executive Officer)
  By:
  /s/ Michael De Prado
  December 30, 2022
  Michael De Prado
  Interim President and Vice Chairman of the Board
  By:
  /s/ Adiv Baruch
  December 30, 2022
  Adiv Baruch
  Director
  By:
  /s/ Yochanon Bruk
  December 30, 2022
  Yochanon Bruk
  Director
  By:
  /s/ Sara Sooy
  December 30, 2022
  Sara Sooy
  Director
  II-6