Boku Inc (LON:BOKU) CEO Jon Prideaux joins DirectorsTalk to chat about its acquisition of Fortumo Holdings. Jon explains the strategic rationale for the deal, outlines the terms, talks about further consolidation in the market, opportunity and life after lockdown.
Boku is one of the world’s leading providers of carrier commerce and mobile identity solutions. Its technology platform, which is linked to more than 190 mobile network operators worldwide, verifies user identity, executes payments, and provisions new services, simplifying daily mobile interactions between consumers and digital organizations.
Boku’s technology platform is used in over 59 countries with over 815 million verified transactions in 2019, contributing $5 billion to the digital economy. Businesses that currently employ Boku Inc’s platform to simplify sign-up, acquire new paying users and prevent fraud include global leaders such as Apple, Discover, Experian, Facebook, Fiserv, Google, Microsoft, Netflix, PayPal, Sony, Spotify, Uber and Western Union.