Fortumo

Connecting the next billion smartphone owners to the digital ecosystem through carrier billing.

Smartphone ownership is growing at a rapid pace, especially in emerging markets. Meanwhile, bank infrastructure in the fastest growing smartphone countries is lacking. This means most people cannot pay online using traditional payment methods like credit cards. To solve this problem, Fortumo enables consumers to charge purchases to their mobile phone bill instead. Fortumo provides direct carrier billing through more than 350 mobile operators in 90+ countries to over 130,000 merchants. Fortumo's payment products work across a wide range of platforms including desktop devices, smartphones, feature phones, tablets and smart TV-s. For app stores, digital media companies and game developers, Fortumo provides one integration with 350 mobile operators as well as a single point of contact for settlements, reporting, support and infrastructure upgrades. For carriers, connecting to Fortumo enables additional revenue from leading digital merchants while Fortumo takes care of the technical infrastructure, taxation, merchant on-boarding and support in post-launch activities. Founded in 2007, Fortumo has offices in Estonia, San Francisco, Beijing, Delhi, Mumbai, Singapore and London and is backed by Intel Capital and Greycroft Partners.

Name CEO: Martin Koppel
Founded in: 2007
Country: Estonia
Website: https://fortumo.com
Company Twitter: @fortumo
Category: Payments

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