When was Fortis founded?

Fortis was founded in 2010 and raised its 1st funding round 9 years after it was founded.

Where is Fortis located?

Fortis is headquartered in Novi, United States.

How many employees does Fortis have?

As of Jun 30, 2026, the latest employee count at Fortis is 655.

Is Fortis a funded company?

Fortis is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** PE round, raised on Dec 17, 2019.

When was the latest funding round of Fortis?

Fortis' latest funding was a $***** PE round on Mar 11, 2025, with participation from 2 investors.

Where does Fortis rank among its competitors?

Fortis ranks 8th amongst 47 active competitors, of which 10 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Natural, which secured $30M in May, 2026.

Who are the top competitors of Fortis?

Fortis' top competitors include Fiserv, Volante Tech and Arcus. Among them, Natural secured the most recent funding round in May, 2026.

Fortis - 2026 Company Profile, Funding & Competitors

Fortis is a late stage company based in Novi (United States), founded in 2010. It operates as a Payment facilitation solutions for businesses. Fortis has raised an undisclosed amount in funding from Lovell Minnick Partners. The company has 47 active competitors, including 10 funded and 8 that have exited. Its top competitors include companies like Fiserv, Volante Tech and Arcus.

Company Details

Website: fortispay.com
Social

Key Metrics

Founded Year

2010

Location

Novi, United States

Stage

Late Stage

Latest Funding Round

PE, Mar 11, 2025, $*****

Investors

Lovell Minnick Partners & 1 more

Ranked

8^th among 47 active competitors

Employee Count

655 as on Jun 30, 2026

Investment & Acquisitions

Serve First Solutions & 3 more

Similar Companies

Fiserv & 167 more

View Fortis' full profile

Fortis is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FORTIS PAYMENT SYSTEMS LLC CIN: 273375894 , United States, Active	Dec 31, 1999	-	269 (As on Dec 31, 2024)	-
Fortis Payment Systems, LLC CIN: 20211451675 , United States, Active	May 12, 2021	-	-	-

Fortis has raised funding over 2 rounds. Its first funding round was on Dec 17, 2019. Its latest funding round was a PE round on Mar 11, 2025 for $*****. 2 investors participated in its latest round. Fortis has 2 institutional investors.

Here is the list of recent funding rounds of Fortis:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 11, 2025	8560670	PE	8245530	4138061	6027556	4912194
Dec 17, 2019	3857567	PE	5131966	2236235	Lovell Minnick Partners	3293328

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Fortis' employee count trend

Fortis has 655 employees as of Jun 26. Here is Fortis's employee count trend over the years:

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Top competitors of Fortis include Fiserv, Volante Tech and Arcus. Here is the list of Top 10 competitors of Fortis, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Fiserv 1984, Milwaukee (United States), Public	Provider of technology and services to the financial services industry	-	ValueAct Capital, Menlo Ventures & 4 others	79/100
2nd	Volante Tech 2001, Jersey City (United States), Series C	Payment facilitation solutions for financial institutions	$116M	Sixth Street, BNY Mellon & 12 others	69/100
3rd	Arcus 2013, New York City (United States), Acquired	Payment-as-a-service-solutions for merchants	$9.73M	Citi Ventures, Kapor Capital & 39 others	69/100
4th	Sola 1996, Brooklyn (United States), Late Stage	Provider of integrated payment processing solutions for businesses	-	H.I.G. Growth Partners, PSG & 2 others	56/100
5th	Payrix 2015, Hollywood (United States), Acquired	Payment facilitation platform for businesses	$72M	PSG, Blue Star Innovation Partners	50/100
6th	Natural 2025, San Francisco (United States), Series A	Developer of payment processing solutions for interactions between agents and businesses	$39.8M	Abstract Ventures, Human Capital & 12 others	47/100
7th	BHMI 1986, Omaha (United States), Unfunded	Financial products and services for processing payments	-	-	44/100
8th	Fortis 2010, Novi (United States), Late Stage	Payment facilitation solutions for businesses	-	Audax Private Equity, Lovell Minnick Partners	44/100
9th	Datacap Systems 1983, Chalfont (United States), Unfunded	POS and mPOS software solutions for businesses	-	-	44/100
10th	Infinicept 2014, Denver (United States), Series A	Payment facilitator solutions for merchants	$23.2M	Mastercard, MissionOG & 3 others	42/100

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Fortis has not made any investments yet. Fortis has made 4 acquisitions.

Here is the list of latest three $acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jul 29, 2025	Acquisition	Serve First Solutions	2002	Los Alamitos (United States)
Jun 22, 2023	Acquisition	Smart Pay	2014	Santa Barbara (United States)
Nov 15, 2022	Acquisition	Payment Logistics	2003	San Diego (United States)