Fortis raised a strategic investment from Audax Private Equity and Lovell Minnick Partners to enhance its leadership in global embedded payments. This investment aims to accelerate Fortis's growth in the $100 trillion B2B payments market.
Mar 12, 2025•9 months ago
Investors
Lovell Minnick PartnersAudax Private Equity
Description
Fortis has received a joint investment from Audax Private Equity and existing investor Lovell Minnick Partners to bolster its position in the payments technology sector. This capital infusion will help the company to accelerate its mission of becoming a leader in embedded commerce experiences for businesses. With the ongoing expansion in the rapidly growing B2B payments market, Fortis aims to push forward with its product roadmap and strategic acquisitions. The partnership is expected to define the future of embedded payments.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers