Fortumo provides a self‑service carrier billing platform that lets merchants and app developers accept mobile operator billing for digital goods across web, mobile web, HTML5 and in‑app purchases. The company reports integration with over 300 mobile operators in more than 80 countries and tens of thousands of developers/merchants (article cites 81,000 developers and a separate press release cites 72,000 registered merchants). Fortumo powers payments for customers including Rovio, Badoo, Gameloft, Vostu and ZeptoLab, and has promoted an in‑app payments solution for Windows 8. It says it has been profitable since 2009 and highlights a global footprint with headquarters in Estonia and offices in San Francisco and Beijing. The product emphasizes emerging and growth markets where credit card penetration is low and mobile usage is high. Fortumo plans to use new funding to build out its business through strategic partnerships and acquisitions in regions such as Latin America, Asia, Central and Eastern Europe, and MENA.

Total raised

$10M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2013