Fortumo

paymentsmobile/digital wallet

FOUNDING YEAR: 2007
LOCATION: Estonia
Last Update: 01/05/2020

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About

Fortumo allows any merchant to set up payment processing for web and mobile services, games or apps.

Focus

PRODUCTS & SERVICES

Cross-Platform Mobile Payments, In-App Payments for Android, In-App Payments for Windows Phone & Windows 8

REVENUE MODEL

Fortumo's commission is entirely made up by a small percentage added on top of the mobile operator's share.

MAIN CLIENTS

Facebook

Microsoft

Badoo

Electronic Arts

Barnes & Noble

Rovio

EXISTING PARTNERSHIPS

Rovio

Badoo

Digital Chocolate

1Pay

Barnes & Noble

Oppo & Goinee

Dtac

Traction

VALUATION / MARKET CAP:

$66.67 M in 2015

TRANSACTIONS VALUE:

$300 M

People

FOUNDERS

Rain Rannu

Martin Koppel

Veljo Otsason

BOARD MEMBERS AND ADVISORS

Kamran Ansari

Yrjo Ojasaar

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Greycroft Partners

Intel Capital

Momentum

FUNDED

YES

TOTAL FUNDING

$10 M

DATE OF LAST FUNDING

2013

FUNDING SERIES

SERIES A  · $10 M  · Feb 2013

LISTED

NO

BASICS

FOUNDING YEAR:

2007

LOCATION:

Estonia

Views:

150 VISITORS | 316 VIEWS
LATEST FUNDING ROUND

$10 M

TOTAL EMPLOYEES
51-200

About

Fortumo allows any merchant to set up payment processing for web and mobile services, games or apps.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
Other+

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