Fortumo
| Company type | Public |
|---|---|
| Industry | Mobile payments |
| Founded | 2007 |
| Headquarters | Tartu, Estonia |
Key people | Martin Koppel (CEO) Andrei Dementjev (COO) Raavo Leiten (CFO) |
| Products | Direct carrier billing Digital wallets Mobile messaging Bundling |
Number of employees | 90 |
| Parent | Boku, Inc. |
| Website | Fortumo.com |
Fortumo was an Estonian company which developed a platform for digital service providers for user growth and monetization.
Fortumo's products allowed digital merchants to acquire new users through telco bundle partnerships and collect payments using carrier billing and mobile wallets. The company connected merchants to a network of more than 300 telcos and digital wallets in Asia, Europe, Latin America, the Middle East and Africa.
The company started in 2007 as a spin-off of a mobile service company called Mobi Solutions. In July 2020, the company was acquired by Boku, Inc. and continued to operate under its existing brand within the group. In February 2022, the company announced consolidating its activities under the Boku, Inc. brand.