The Next Web: Mobile payments firm Fortumo raises cash from Intel and Greycroft, inks two new telco deals

Fortumo, a fast-growing company with offices in Estonia, San Francisco and Beijing, has raised a new ‘growth round’ (size undisclosed) to solidify its position as one of the leading providers for mobile payments in emerging markets. The round sees Intel Capital and Greycroft Partners buy a stake in the company, effectively relieving Estonian mobile solutions company Mobi Solutions from its role as majority owner of the business (although it remains a shareholder).

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