Completion of the Acquisition of Fortumo

RNS Number : 6666R

Boku Inc

01 July 2020

 

1 July 2020

Boku, Inc.

("Boku" or the "Company")

Completion of the Acquisition of Fortumo

Boku, a leading global mobile payment and mobile identity company, is pleased to announce that, further to the announcement on 17 June 2020 that it had agreed to acquire the entire issued and to be issued share capital of Fortumo Holdings, Inc. ("Fortumo") and its subsidiaries (the "Acquisition") in a transaction valued at a maximum enterprise value of $41 million; it successfully completed the Acquisition, as scheduled, today.

Enquiries:

Boku, Inc. Jon Prideaux, Chief Executive Officer Keith Butcher, Chief Financial Officer	[phone]
Peel Hunt LLP (Nominated Adviser and Broker) Edward Knight / Nick Prowting / Christopher Golden	[phone]
IFC Advisory Limited (Financial PR & IR) Tim Metcalfe / Graham Herring / Florence Chandler	[phone]

Notes to Editors

Boku Inc. (AIM: BOKU) is a leading global provider of mobile payment and mobile identity solutions. Boku's technology platform, which is linked to more than 200 mobile wallets and 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's platform to simplify sign-up, acquire new paying users and prevent fraud include global leaders such as Apple, Discover, Experian, Facebook, FIS, Fiserv, Google, Microsoft, Netflix, Paypal, Sony, Spotify and Western Union.

Boku Inc. was incorporated in 2008 and is headquartered in London, UK, with offices in various locations globally including in the US, Mumbai, Munich, Beijing, Paris, Sao Paulo, Singapore, Taipei, and Tokyo.

To learn more about Boku Inc., please visit: https://www.boku.com  

 

END

 

 

ACQUPUAWMUPUUCG