Fortis Secures Strategic Investment from Audax Private Equity and Lovell Minnick to Accelerate Global Embedded Payments Leadership
- Editor
- Mar 12
- 1 min read
Whats Happening:
Fortis, a payments technology leader, has secured a joint investment from Audax Private Equity and existing investor Lovell Minnick Partners. This strategic investment aims to accelerate Fortis' mission to become a global leader in payment technology and embedded commerce experiences for businesses. The fund will use this capital infusion to drive growth in the $100 trillion B2B payments market.
Key Moves:
Fortis receives joint investment from Audax Private Equity and Lovell Minnick Partners
Investment to accelerate Fortis' global expansion in embedded payments
Capital infusion positions Fortis for growth in $100 trillion B2B payments market
By The Numbers:
Fortis processes billions of dollars annually
B2B payments market valued at $100 trillion
Lovell Minnick Partners has raised over $5 billion of committed capital since inception
Key Quotes:
"We're not just participating in the future of embedded payments—we're defining it." - Greg Cohen, CEO of Fortis
"Fortis' trajectory has exceeded our expectations since we originally invested alongside Jimmy Nafso and the Fortis team five years ago." - Trevor Rich, Partner at LMP
"In our opinion, the Fortis API unlocks omnichannel strategies for businesses – a powerful value proposition that differentiates Fortis' software partners, merchants who leverage the technology, and the company itself." - Tim Mack, Partner at Audax Private Equity
Bottom Line:
The strategic investment in Fortis by Audax Private Equity and Lovell Minnick Partners signifies a major boost for the company's global expansion in embedded payments technology. This partnership is set to enhance Fortis' market position, technological capabilities, and ability to meet the evolving needs of businesses in the rapidly growing B2B payments sector.
Comments