TLDR:
- Fortis Digital Solutions secures $20 million in Series A funding for expansion into MENA region.
- The investment will be used to develop progressive solutions for small and medium-sized enterprises (SMEs).
Fortis Digital Solutions, a Dubai-based fintech company, has closed a $20 million Series A funding round led by Opportunity Venture (Asia). The funding will enable the company to expand its operations into the Middle East and North Africa (MENA) region. Founded in 2022, Fortis specializes in providing small and medium-sized enterprises (SMEs) with a Point of Sale (POS) and Customer Relationship Management (CRM) solution to manage order processing and loyalty programs. The platform currently serves over eight million customers.
Alberto Caruso, CEO and founder of Fortis, expressed the company’s commitment to utilizing the funding to develop innovative solutions and provide enhanced support to its clients. Philip Ma, managing partner at Opportunity Venture, praised Fortis for its approach to fintech and retail solutions, stating that it aligns with the VC’s investment thesis.
Fortis joins a growing list of fintech companies that have recently secured Series A funding. This includes NewRetirement, a wealthtech firm based in California, Australian banking software vendor Constantinople, and Pliant, a B2B credit card fintech from Germany.
Overall, the investment in Fortis Digital Solutions highlights the company’s potential for growth in the MENA region and its focus on developing innovative solutions for SMEs in the financial services sector.
