{"id":91056,"date":"2024-04-18T00:00:00","date_gmt":"2024-04-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/dubai-based-fintech-fortis-bags-usd-20-mn-in-series-a-funding-round\/"},"modified":"2024-04-18T00:00:00","modified_gmt":"2024-04-18T00:00:00","slug":"dubai-based-fintech-fortis-bags-usd-20-mn-in-series-a-funding-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/04\/18\/dubai-based-fintech-fortis-bags-usd-20-mn-in-series-a-funding-round\/","title":{"rendered":"Dubai-based fintech Fortis bags USD 20 mn in series A funding round"},"content":{"rendered":"

Fintech startup <\/strong>Fortis Digital Solutions<\/a><\/strong> raised USD 20 mn in a series A funding <\/strong>round<\/strong> led by Hong Kong-based Opportunity Venture, according to a press release<\/a>. The company will deploy the investment to \u201caccelerate [the company\u2019s] growth and deliver even greater value to businesses in the MENA region,\" says Fortis CEO and Founder Alberto Caruso.<\/p>\n

Where the money is going: <\/strong>Fortis plans to use the funding to improve its customer-centric and omnichannel product development and technology, and promote strategic partnerships with banks, payment systems, and external B2B services. The company will also use the funds to support recruitment efforts, brand-building initiatives, and expansion plans in the MENA region.<\/p>\n

About Fortis: <\/strong>Founded in 2023 by Alberto Caruso, Dubai-based Fortis serves as a platform for entrepreneurs to manage offline and online transactions, streamline orders, and implement loyalty programs. It has some 11k merchants under its portfolio, serving more than 8 mn customers across transactions valued at USD 3 bn, according to the company\u2019s website<\/a>. The startup relocated its headquarters to Dubai this year, according to the press release.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fintech startup Fortis Digital Solutions raised USD 20 mn in a series A funding round led by Hong Kong-based Opportunity Venture, according to a press release. The company will deploy the investment to \u201caccelerate [the company\u2019s] growth and deliver even greater value to businesses in the MENA region,\" says Fortis CEO and Founder Alberto Caruso. […]<\/p>\n","protected":false},"author":1,"featured_media":91057,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1548],"tags":[1342,78,147,1341],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-investment","tag-startup-watch","tag-startups","tag-tech","wpautop","entry"],"acf":{"mongo_id":"586c657f-184c-496b-a0c4-fef52291fadd","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/887.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Dubai-based retail tech startup Fortis bags USD 20 mn in series A funding round","related_issue":[91043],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.44cc4b82-d64b-4412-b283-7c9be69d4992.mp3"},"yoast_head":"\nDubai-based fintech Fortis bags USD 20 mn in series A funding round - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/04\/18\/dubai-based-fintech-fortis-bags-usd-20-mn-in-series-a-funding-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dubai-based fintech Fortis bags USD 20 mn in series A funding round\" \/>\n<meta property=\"og:description\" content=\"Fintech startup Fortis Digital Solutions raised USD 20 mn in a series A funding round led by Hong Kong-based Opportunity Venture, according to a press release. The company will deploy the investment to \u201caccelerate [the company\u2019s] growth and deliver even greater value to businesses in the MENA region," says Fortis CEO and Founder Alberto Caruso. 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