Company Information

Get to know fortumo

Founded in 2007 in Tartu, Estonia, Fortumo is a technology company that develops a platform for digital content and service providers for user acquisition, monetization, and retention. The company's primary service is direct carrier billing (DCB), which allows consumers to make purchases by charging payments to their mobile phone bill. Fortumo connects digital merchants, such as app stores (Google Play), streaming services (Spotify, Amazon), and game developers, to a global network of hundreds of mobile network operators. In July 2020, Fortumo was acquired by the UK-based mobile payments company Boku, Inc., and now operates as part of the Boku group.

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Financial PSP GatewayPRIMARY
Financial Other Service

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fortumo

Estonia

Founded in

2007 (19 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.