Fortumo Overview

  • Year Founded
  • 2007

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 89

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $41.8M

Fortumo General Information

Description

Developer of a digital enablement platform designed for telco bundling, carrier billing, and messaging. The company's platform connects service providers with mobile operators to manage the end-to-end customer lifecycle of mobile users on these networks, thereby enabling businesses to monetize by billing their users in different countries.

Contact Information

Website
www.fortumo.com
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • Rüütli 7
  • Tartu, 51007
  • Estonia
Primary Industry
Financial Software
Other Industries
Business/Productivity Software
Other Financial Services
Parent Company
Boku (Other Financial Services)
Vertical(s)
TMT, Mobile Commerce, FinTech, Mobile
Corporate Office
  • Rüütli 7
  • Tartu, 51007
  • Estonia

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Fortumo Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
2. Merger/Acquisition 01-Jul-2020 $41.8M Completed Profitable
1. Later Stage VC (Series A) 21-Feb-2013 Completed Profitable
To view Fortumo’s complete valuation and funding history, request access »

Fortumo Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a digital enablement platform designed for telco bundling, carrier billing, and messaging. The company's pl
Financial Software
Tartu, Estonia
89 As of 2021

Hong Kong, Hong Kong
 

Cambridge, United Kingdom
 
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Fortumo Competitors (39)

One of Fortumo’s 39 competitors is Bindo Labs, a Venture Capital-Backed company based in Hong Kong, Hong Kong.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Bindo Labs Venture Capital-Backed Hong Kong, Hong Kong
Bango Formerly VC-backed Cambridge, United Kingdom
BlueSnap Private Equity-Backed Waltham, MA
Yippster Accelerator/Incubator Backed Gurgaon, India
DaoPay Formerly VC-backed Vienna, Austria
You’re viewing 5 of 39 competitors. Get the full list »

Fortumo Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Fortumo Former Investors (4)

Investor Name Investor Type Holding Investor Since Participating Rounds
Greycroft Venture Capital Minority
Intel Capital Corporate Venture Capital Minority
Mobi Solutions Holding Company Minority
Superangel Venture Capital Minority
To view Fortumo’s complete investors history, request access »

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Fortumo FAQs

  • When was Fortumo founded?

    Fortumo was founded in 2007.

  • Where is Fortumo headquartered?

    Fortumo is headquartered in Tartu, Estonia.

  • What is the size of Fortumo?

    Fortumo has 89 total employees.

  • What industry is Fortumo in?

    Fortumo’s primary industry is Financial Software.

  • Is Fortumo a private or public company?

    Fortumo is a Private company.

  • What is the current valuation of Fortumo?

    The current valuation of Fortumo is .

  • What is Fortumo’s current revenue?

    The current revenue for Fortumo is .

  • How much funding has Fortumo raised over time?

    Fortumo has raised $10M.

  • Who are Fortumo’s investors?

    Greycroft, Intel Capital, Mobi Solutions, and Superangel have invested in Fortumo.

  • Who are Fortumo’s competitors?

    Bindo Labs, Bango, BlueSnap, Yippster, and DaoPay are some of the 39 competitors of Fortumo.

  • When was Fortumo acquired?

    Fortumo was acquired on 01-Jul-2020.

  • Who acquired Fortumo?

    Fortumo was acquired by Boku (Other Financial Services).

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