UAE’s Fintech Fortis Secures $20M in Series A Funding

UAE’s Fintech Fortis Secures $20M in Series A Funding 

Fortis, a provider of retail tech and fintech solutions tailored for SMEs, has announced the successful completion of its Series A funding round, securing $20 million in investment led by Opportunity Venture (Asia). This funding represents a significant milestone for Fortis as it embarks on a mission to revolutionize the retail tech and fintech landscape in the Middle East and North Africa (MENA) region.

With a decade of experience, Fortis empowers entrepreneurs to seamlessly manage offline and online transactions, streamline orders, implement personalized loyalty programs, and efficiently operate their businesses. Now expanding into the UAE, Fortis is dedicated to supporting local businesses in revenue generation by connecting merchants and customers in a simple yet efficient manner.

"We are delighted to have secured this significant investment, which will enable us to accelerate our growth and deliver even greater value to businesses in the MENA region," says Alberto Caruso, CEO and Founder of Fortis Digital Solutions. "We are committed to utilizing this funding to develop progressive solutions and provide unparalleled support to our clients as they navigate the rapidly evolving retail and fintech landscape."

Opportunity Venture has also expressed enthusiasm for the partnership. "We are thrilled to lead Fortis' Series A funding round and support their expansion into the MENA region," said Philip F. Ma, Managing Partner at Opportunity Venture. "Fortis' innovative approach to fintech and retail tech solutions aligns with our investment thesis, and we believe they are well-positioned to drive significant value creation in these sectors."

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