Fortis Digital Solutions lands $20m Series A for push into MENA
Fortis Digital Solutions has secured $20 million in a Series A round led by Opportunity Venture (Asia), a venture capital firm based in Singapore.
Fortis bags $20m investment
The investment will be utilised to fuel the Dubai-headquartered fintech’s planned expansion into the Middle East and North Africa (MENA) region.
Founded in 2022, Fortis provides small and medium-sized enterprises (SMEs) with a Point of Sale (POS) and Customer Relationship Management (CRM) solution.
This platform assists firms in managing their order processing and implementing loyalty programmes. Fortis claims to serve over eight million customers.
Alberto Caruso, CEO and founder of Fortis, asserts that the start-up is “committed to leveraging this funding to develop progressive solutions” and to offer its clients enhanced support.
Adding to this, Philip Ma, managing partner at Opportunity Venture, states that Fortis’ approach to “fintech and retail tech solutions” aligns with the VC’s “investment thesis”.
Fortis adds to a growing list of fintechs to close a Series A this month. This includes California-based wealthtech NewRetirement’s $20 million raise, the $33 million secured by Australian banking software vendor Constantinople, and most recently, Pliant, a B2B credit card fintech based in Germany, secured over €18 million.
