fumo
Curated by SignalConsumer wallet platform enhancing payments through direct bank transactions.
Overview
Fumo operates in the fintech sector by offering consumer wallet payment solutions through two separate platforms: one designed for businesses and another for consumers. The business platform aims to improve transaction efficiency and lower costs by enabling direct payments with users' banks, which serves as an alternative to traditional card payments. The consumer platform is presented as a free social payment application that allows users to borrow, lend, split bills, and share expenses with their social networks. Fumo targets both businesses and individual users, addressing the challenges and costs associated with conventional payment methods. By integrating with banking applications, Fumo facilitates faster, safer, and more cost-effective account-to-account transactions.
Key facts
- Founded
- 2018
- Headquarters
- London, United Kingdom
- Stage
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- Industry
- Financial Technology
- Sector
- Payments
Business model
- GTM channel
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- 8 products and services
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Contact
- Primary office
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