UAE’s Fortis closes $20 million Series A to bolster Mena expansion

UAE’s Fortis closes $20 million Series A to bolster Mena expansion

UAE-based fintech Fortis has closed a Series A funding round at $20 million from Opportunity Venture.

Founded in 2010 by Alberto Caruso and relocated HQ to the UAE in 2022, Fortis is a one-stop POS and CRM solution that enables small businesses to accept offline and online point-of-sale payments.

The new funding round will support Fortis’ expansion plans into the Mena region.

Last year, Opportunity Ventures invested $40 million in UAE-based deeptech XPANCEO's Seed round.

Source: Arab News

UAE’s fintech Fortis announced the successful closure of its Series A funding round, securing $20 million led by Opportunity Venture.  

This investment signifies a major step forward for Fortis as it seeks to redefine the retail tech and fintech environments in the MENA region. 

With a decade of experience under its belt, Fortis is on a mission to enable entrepreneurs to efficiently manage their business operations, both offline and online.  

“We are thrilled 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,” Alberto Caruso, Fortis CEO and founder, said.  

“We are committed to leveraging this funding to develop progressive solutions and provide unparalleled support to our clients as they navigate the rapidly evolving retail and fintech landscape,”