Fortis, a provider of retail tech and FinTech solutions tailored for SMEs, has successfully concluded its Series A funding round, raising $20 million in investment with Opportunity Venture (Asia) leading the charge.
This funding signifies a significant milestone in Fortis’ journey as it sets out to enrich the retail tech and FinTech landscape across the Middle East and North Africa region.
“We are delighted to secure this substantial investment, which will fuel our growth and enable us to deliver even greater value to businesses in the MENA region,” remarked Alberto Caruso, CEO, and Founder of Fortis Digital Solutions. “We are dedicated to utilizing this funding to develop innovative solutions and offer unparalleled support to our clients as they navigate the ever-evolving retail and FinTech domain.”
With a decade of experience, Fortis empowers entrepreneurs to seamlessly manage both offline and online transactions, streamline orders, implement personalized loyalty programs, and efficiently operate their businesses. Now, with its expansion into the UAE, Fortis is committed to aiding local businesses in revenue generation by facilitating connections between merchants and customers in a straightforward yet efficient manner.
Opportunity Venture also expressed excitement about the collaboration. “We are thrilled to lead Fortis’ Series A funding round and support their expansion into the MENA region,” commented Philip F. Ma, Managing Partner at Opportunity Venture. “Fortis’ innovative approach to FinTech and retail tech solutions aligns perfectly with our investment thesis, and we believe they are well-positioned to drive significant value creation in these sectors.”
Source: ibsintelligence.com
