UAE-based SME fintech firm Fortis closes USD20 Million Series A funding Round

– UAE-based SME fintech firm, Fortis, successfully concludes a $20 million Series A funding round.

– The funding, led by Opportunity Venture (Asia), marks a significant milestone in Fortis’ journey towards enhancing financial solutions for small and medium-sized enterprises.

– With this investment, Fortis aims to accelerate its growth trajectory and expand its footprint in the MENA region, bolstering support for local businesses.

Fortis, a retail tech and fintech solutions provider tailored for SMEs, secured $20 million in Series A funding led by Opportunity Venture (Asia), heralding a new era of growth and innovation.

With a decade of expertise, Fortis empowers entrepreneurs to seamlessly manage offline and online transactions, streamline orders, implement personalized loyalty programs, and operate businesses efficiently.

Expanding into the UAE, Fortis pledges to bolster local enterprises by facilitating revenue generation through simplified merchant-customer connections.

Alberto Caruso, CEO and Founder of Fortis Digital Solutions expresses excitement over the investment, envisioning accelerated growth and enhanced value delivery to MENA businesses.

Opportunity Venture’s Managing Partner, Philip F. Ma, underscored the alignment between Fortis’ innovative solutions and their investment focus, anticipating significant value creation in the fintech and retail tech sectors through this partnership.