Published on: June 22, 2020
Thoughts on M&A in the DCB Sector
Boku Inc has announced the intended acquisition of Fortumo Holdings. In our view the deal has strong industrial logic for Boku, but highlights the differences in strategy compared to DCB competitor Bango. Bango is more focussed on the data and marketing opportunities that arise from mobile payments, whereas Boku highlights broad coverage and low cost alongside its push into mobile identity.