Fortis, a payments technology leader for software providers, ERP customers, and scaling businesses announced that it has received a joint investment from Audax Private Equity (“Audax”) and existing investor Lovell Minnick Partners (“LMP”). This investment will support Fortis in accelerating its mission to become the global leader in payment technology and embedded commerce experiences for businesses. Fortis, under LMP’s stewardship, has experienced rapid expansion by delivering innovative, technology-driven solutions that empower businesses seeking to seamlessly integrate payments into their software and workflows. Audax and LMP will jointly participate in this growth-oriented recapitalization. This capital infusion positions the company for continued growth and expansion in the rapidly expanding $100 trillion B2B payments market.
“The embedded payments market is undergoing a fundamental transformation, with software platforms needing sophisticated payment capabilities that go far beyond basic processing,” said Greg Cohen, CEO of Fortis. “This partnership with Audax, alongside our long-term investor LMP, provides Fortis with valuable resources to accelerate our product roadmap, pursue strategic acquisitions, and expand our global footprint. We’re not just participating in the future of embedded payments—we’re defining it.”