Whiteboard Magazine: Meet Fortumo, The $10 Million Estonian Startup That Was “Randomly Thrown Together”

Fortumo, a mobile payments startup from Estonia, made headlines recently in the tech press when they raised $ 10 million in Series A funding from Intel Capital and Greycroft. Fortumo offers mobile payments in 80 countries. They were one of the first to recognize the potential for payments that would be billed directly to consumers’ phone bills – and certainly the first to focus their energy on the emerging markets rather than on Europe or the US.

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