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Fortis secures $20M in Series A funding led by Opportunity Venture (Asia)

Apr 17, 2024over 1 year ago

Amount Raised

$20 Million

Round Type

series a

Dubai

Investors

Opportunity Venture (Asia)

Description

Fortis, a retail tech and fintech solutions provider tailored for SMEs, has successfully completed its Series A funding round, raising $20 million in investment led by Opportunity Venture (Asia). This funding marks a significant milestone in Fortis’ journey as it embarks on a mission to revolutionize the retail tech and fintech landscape in the Middle East and North Africa region.

Company Information

Company

FORTIS Digital Solutions

Location

Dubai, Dubai, United Arab Emirates

About

Fortis Digital Solutions is a Dubai-headquartered fintech company founded in 2022, providing small and medium-sized enterprises with a Point of Sale (POS) and Customer Relationship Management (CRM) solution.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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