Fortis Digital Solutions secures $20 million Series A funding to expand its presence in the MENA region

Fortis Digital Solutions has successfully secured $20 million in Series A funding, led by Opportunity Venture (Asia), a Singapore-based venture capital firm.

The investment is earmarked to propel the Dubai-headquartered fintech’s expansion into the Middle East and North Africa (MENA) region.

Established in 2022, Fortis specializes in providing Point of Sale (POS) and Customer Relationship Management (CRM) solutions tailored for small and medium-sized enterprises (SMEs).

This platform assists businesses in streamlining order processing and implementing loyalty programs, with Fortis boasting a clientele base of over eight million customers.

Alberto Caruso, CEO and founder of Fortis, affirms the startup’s commitment to leveraging this funding to develop innovative solutions and provide enhanced support to its clients.

Philip Ma, managing partner at Opportunity Venture, notes that Fortis’ approach to fintech and retail tech solutions resonates with the VC’s investment thesis.

Fortis joins a growing list of fintech companies that have closed Series A funding rounds this month. Notable examples include California-based wealthtech NewRetirement raising $20 million, Australian banking software vendor Constantinople securing $33 million, and most recently, Pliant, a B2B credit card fintech based in Germany, securing over €18 million.

Source: fintechfutures.com

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