Fortis, a provider of retail tech solutions and fintech specifically designed for small and medium-sized enterprises (SMEs), has successfully completed its Series A funding round, raising $20 million in investment led by Opportunity Venture (Asia).
With a wealth of experience, Fortis empowers entrepreneurs to seamlessly manage transactions online, streamline order processes, execute tailored loyalty programs, and run their operations efficiently.
Now, with its expansion into the UAE, Fortis is committed to supporting local businesses in revenue generation by simplifying and enhancing the connection between merchants and customers.
Alberto Caruso, CEO and founder of Fortis Digital Technology Solutions, expressed enthusiasm about securing this significant investment, which will accelerate their growth and deliver greater value to businesses in the Middle East and North Africa region.
“We are excited to secure this important investment, which will enable us to accelerate our growth and deliver greater value to businesses in the Middle East and North Africa region,” said Alberto Caruso.
“We are committed to leveraging this funding to develop innovative solutions and provide unparalleled support to our clients as the retail landscape and financial technology evolve,” he added.
Opportunity Venture also expressed excitement about the partnership.
“We are excited to lead Fortis’ Series A funding round and support their expansion in the Middle East and North Africa region,” said Philip F. Ma, Managing Partner at Opportunity Venture.
“Fortis’ innovative approach to fintech and retail solutions aligns with our investment thesis, and we believe they are well-positioned to create significant value in these sectors,” he added.
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