Fortumo
A digital enablement platform for telco bundling, carrier billing and messaging.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
$41.0m Valuation: $41.0m 0.7x EV/Revenue -50.2x EV/EBITDA | Acquisition | ||
| Total Funding | 000k | ||
| EUR | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 22 % | (11 %) | 3 % | 45 % | 56 % | (88 %) | 9 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 4 % | 1 % | 5 % | 6 % | (1 %) | 13 % | 10 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 4 % | (1 %) | - | 6 % | (2 %) | 7 % | 2 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Founded in 2007, Fortumo, now a part of Boku Inc. Group, operates as a global monetization and growth platform tailored for digital content merchants. The company strategically connects these merchants with a vast network of over 300 telecommunication companies and digital wallets across Asia, Europe, Latin America, the Middle East, and Africa.
Merchants leverage the Fortumo platform for two primary purposes: to attract new users through bundled partnerships with telecom operators and to facilitate payments via carrier billing and digital wallets. This is all managed through a single integration point, granting merchants access to a global consumer base in more than 80 countries.
The company's client roster includes major industry players such as Google, Amazon, Spotify, and Epic Games, who utilize Fortumo's infrastructure to streamline their payment processes and expand their market reach. Fortumo's business model is centered on providing a seamless and unified payment solution that addresses the complexities of a fragmented global payment landscape.
Keywords: direct carrier billing, digital wallets, payment aggregator, monetization platform, mobile payments, subscription billing, user acquisition, in-app purchases, emerging markets, fintech