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Fortumo
What Does Fortumo Do?
Fortumo Ltd. was a leading international mobile payments provider, founded in 2007 in Estonia. The company enabled digital content and service providers (such as app stores, game developers, and streaming services) to monetize users through direct carrier billing and mobile wallet solutions across more than 80 countries. Fortumo's platform connected merchants to a network of hundreds of mobile operators. In June 2020, Fortumo was acquired by Boku Inc. (AIM: BOKU), a global leader in mobile payment solutions, for approximately $41 million. Post-acquisition, Fortumo's technology, team, and merchant relationships have been integrated into Boku's operations, strengthening Boku's capabilities, particularly in bundling and expanding its reach with mobile network operators globally. The Fortumo brand and platform continue to operate, leveraging Boku's expanded network and resources.
Where Is Fortumo's Headquarters?
HQ Function
Serves as a major engineering, product development, and operations hub for Fortumo's payment technologies, now integrated within Boku's global infrastructure. Focuses on carrier billing solutions and merchant support.
Notable Features:
Located in a modern office building in Tartu, Estonia's second-largest city and a prominent university town known for its tech scene. The office likely features collaborative workspaces designed to foster innovation.
Work Culture:
Fortumo was known for its agile, startup-like culture with a strong emphasis on engineering excellence and global ambition. As part of Boku, it likely maintains a focus on innovation and execution while integrating with a larger corporate structure.
HQ Significance:
The Tartu office is significant as the birthplace of Fortumo and a testament to Estonia's vibrant tech ecosystem. It remains a key talent and development center for Boku's carrier billing division.
Values Reflected in HQ: Innovation, global connectivity, technical expertise, and growth.
Location:
Following its acquisition by Boku, Fortumo's technology and reach are now part of Boku's extensive global network. Boku provides mobile payment solutions in over 90 countries, connecting merchants with billions of mobile users for direct carrier billing and mobile wallet payments. This global presence supports functions such as payment processing, merchant acquisition and support, technical integration, compliance, and fraud management across Europe, North America, Latin America, Asia-Pacific, and the Middle East & Africa.
Street Address:
Ülikooli 6a
City:
Tartu
State/Province:
Tartu County
Country:
Estonia
Where Else Does Fortumo Operate Around the World?
San Francisco, California, USA
Address: 190 The Embarcadero, San Francisco, CA 94105, USA
Central hub for Boku's global operations, access to Silicon Valley talent, and strategic partnerships in the Americas.
London, United Kingdom
Address: Davidson Building, 5 Southampton St, London WC2E 7HA, United Kingdom
Key center for EMEA market development, regulatory engagement, and access to London's financial and tech hub.
Singapore, Singapore
Address: 1 Wallich Street, #23-02 Guoco Tower, Singapore 078881
Strategic location for expanding mobile payment solutions across diverse and rapidly growing Asian markets.
Mumbai, India
Address: WeWork Raheja Platinum, Sag Baug Road, Off Andheri-Kurla Road, Marol, Andheri East, Mumbai, Maharashtra 400059, India
Focuses on the large and growing Indian digital payments market, supporting local merchants and partnerships.
Buying Intent Signals for Fortumo
Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.
Who's Leading Fortumo? Meet the Executive Team
As of April 2025, Fortumo' leadership includes:
Who's Investing in Fortumo?
Fortumo has been backed by several prominent investors over the years, including:
What Leadership Changes Has Fortumo Seen Recently?
Boku, Fortumo's parent company, experienced a key transition in its finance leadership. Martin Koppel, co-founder and former CEO of Fortumo, who served as Chief Revenue Officer at Boku post-acquisition, transitioned out of the company in late 2022.
Departures
New Appointments:
What Technology (Tech Stack) Is Used byFortumo?
Discover the tools Fortumo uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.
Fortumo Email Formats and Examples
As Fortumo is now part of Boku Inc., official communications primarily use Boku's email domain. Common corporate email formats include [first].[last]@boku.com or [first_initial][last]@boku.com. Historical Fortumo emails used @fortumo.com.
[first].[last]@boku.com or [first_initial][last]@boku.com
Format
john.doe@boku.com
Example
80%
Success rate
What's the Latest News About Fortumo?
Boku PLC / Proactive Investors • October 26, 2023
Boku CFO Stuart Neal to retire; successor Keith Butcher named
Boku PLC announced that Chief Financial Officer Stuart Neal intends to retire. Keith Butcher was named as his successor, expected to join in January 2024, bringing extensive experience from the payments and technology sectors....more
Boku PLC • July 27, 2020
Boku Completes Acquisition of Fortumo
Boku, the world's leading provider of carrier billing and mobile identity solutions, announced the completion of its acquisition of Fortumo. The acquisition combines two of the most profitable, global carrier billing businesses into a clear market leader....more
TechCrunch • June 18, 2020
Boku acquires carrier billing company Fortumo for $41M to consolidate its leading position
Boku announced it is acquiring Fortumo, a carrier billing company also based out of Estonia, for $41 million. The deal will help Boku consolidate its position in the market against a rising tide of alternative payment methods....more
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