About Fortu
Fortu is a company based in London (United Kingdom) founded in 2019 by Azamat Sultanov.. Fortu has raised $685.48 thousand across 1 funding round from investors including CBH Bank. The company has 4 employees as of April 30, 2022. Fortu operates in a competitive market with competitors including Monese, Kashet, Zvilo, Interpolitan Money and AltPay, among others.
- Headquarter London, United Kingdom
- Employees 4 as on 30 Apr, 2022
- Founders Azamat Sultanov
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fortu Wealth Ltd
- Date of Incorporation 29 Apr, 2019
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
$74.75 K (USD)6as on Apr 30, 2023
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Net Profit
$-188.33 K (USD)70as on Apr 30, 2023
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EBITDA
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Total Equity Funding
$685.48 K (USD)
in 1 rounds
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Latest Funding Round
$685.48 K (USD), Seed
Jan 22, 2021
- Investors
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Employee Count
4
as on Apr 30, 2022
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Funding Insights of Fortu
Fortu has successfully raised a total of $685.48K through 1 strategic funding round. The most recent funding activity was a Seed round of $685.48 thousand completed in January 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $685,478
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First Round
First Round
(22 Jan 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Seed - Fortu | Valuation | CBH Bank |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fortu
Fortu has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include CBH Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Offers wealth management, investment services, and banking solutions to global clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fortu
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Fortu
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fortu Comparisons
Competitors of Fortu
Fortu operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Monese, Kashet, Zvilo, Interpolitan Money and AltPay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital banking services are offered to individuals and businesses.
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| domain | founded_year | HQ Location |
Digital banking services are offered to individuals and businesses.
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| domain | founded_year | HQ Location |
Digital banking services are offered to individuals and businesses.
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| domain | founded_year | HQ Location |
Provides multi-currency accounts, cross-border payments, and escrow for individuals and businesses.
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| domain | founded_year | HQ Location |
Internet-first bank
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fortu
Frequently Asked Questions about Fortu
When was Fortu founded?
Fortu was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Fortu located?
Fortu is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Fortu?
Azamat Sultanov is the current CEO of Fortu. They have also founded this company.
Is Fortu a funded company?
Fortu is a funded company, having raised a total of $685.48K across 1 funding round to date. The company's 1st funding round was a Seed of $685.48K, raised on Jan 22, 2021.
How many employees does Fortu have?
As of Apr 30, 2022, the latest employee count at Fortu is 4.
What is the annual revenue of Fortu?
Annual revenue of Fortu is $74.75K as on Apr 30, 2023.
What does Fortu do?
Fortu was founded in 2019 in London, United Kingdom, as a digital bank targeting high-net-worth individuals and businesses. Current accounts, prepaid cards for business expenses, money transfers, business loans, and financial management tools are provided. Operations focus on the fintech sector, with the mobile app available exclusively on iOS devices for user access.
Who are Fortu's investors?
Fortu has 1 investor. Key investors include CBH Bank.
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