Fortumo

paymentsmobile/digital wallet

STATUS: Acquired/Merged
FOUNDING YEAR: 2007
LOCATION: Estonia
Last Update: 17/07/2020

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About

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MEDICI Analysis

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

Greycroft Partners

Intel Capital

Momentum

FUNDED

YES

TOTAL FUNDING

$10 M

DATE OF LAST FUNDING

Feb 2013

FUNDING SERIES

SERIES A  · $10 M  · Feb 2013

LISTED

NO

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