Fortis Payments

What Fortis Payments does

Fortis Payment Systems, LLC (operating as Fortis) is a Plano, Texas-based embedded payments technology company serving software platforms (ISVs/ERP publishers) and mid-market B2B businesses. Founded in 2001, Fortis embeds payment processing, accounts receivable automation, and payment facilitation directly into enterprise software environments, with deep native integrations across NetSuite, Sage (50/100/300/X3/Intacct), Acumatica, Microsoft Dynamics 365, and QuickBooks. Its core product portfolio comprises Embedded Payments, Accounts Receivable Payments (PaymentsStream), Payment Acceptance (omnichannel processing including credit/debit/ACH/EFT/NFC/Apple Pay/Google Pay/Tap to Pay on iPhone/BNPL/HSA-FSA), Optimize & Grow (analytics), and Platform Monetization (revenue-share for software partners). Underlying technology includes a REST API architecture with Open API Specification support, Level II and Level III processing for B2B interchange optimization, tokenization, PCI-DSS and HIPAA compliance, and a recurring billing engine.

Fortis generates revenue primarily through transaction processing fees on payments flowing through its platform and through a revenue-share monetization model that lets ISV partners earn a share of processing volume. The company employs 251-500 people and serves customers across eight primary verticals: manufacturing, construction, field services, healthcare, wholesale and distribution, professional services, agriculture, and specialty retail. Notable named customers span SMB to enterprise, including Window World, HearUSA, Visual Matrix, Biller Genie, Transcepta, and Everyware. Distribution is primarily indirect through embedded integration into software platforms, supplemented by direct enterprise field sales, a developer portal, and eCommerce plugins.

The company has executed a sustained inorganic growth strategy, completing 11 acquisitions since 2019 (Zeamster, BLUEDOG, Swype at Work, EpicPay, Change Merchant Solutions, OmniFund, VIP Integrated Payments, Payment Logistics, SmartPay, MerchantE NetSuite Division, and Serve First Solutions) and expanding internationally into Canada in June 2023. EpicPay alone processes over $20 billion annually across 13,000+ clients. The company rebranded from FortisPay to Fortis in October 2021, received strategic investment from Audax Private Equity and Lovell Minnick Partners in March 2025, and was reportedly exploring a sale in late 2024 at a valuation of $800 million to $1 billion.

Name

Fortis Payments

Legal name

Fortis Payment Systems, LLC

Website

https://fortispay.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Fortis is a Plano, Texas-based embedded payments technology company that integrates payment processing, accounts receivable automation, and payment facilitation into ERP systems and software platforms (NetSuite, Sage, Microsoft, Acumatica, QuickBooks) for mid-market B2B businesses and ISV partners.

Ownership category

akta.pro rank

Product category

Embedded Payments Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

akta.pro secondary industries

Developer Tooling & SDKs for Payments (Gateway Tooling) (FSAMACAL), Recurring Billing & Subscription Payments Enablement (FSAMACAF)

Keywords

• Embedded payments
• Payment processing
• ERP integration
• Accounts receivable automation
• Payment facilitation

Headquarters

HQ city

Plano

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Transaction Processing Fees: Fortis earns transaction fees on every payment processed through its platform, including credit card, debit card, ACH, and alternative payment methods. This is the primary revenue stream for embedded payments embedded in ERP and software platforms.
2. Payment Facilitation Revenue Share: Revenue-sharing model where ISV and software platform partners receive a portion of processing revenue for payments flowing through their software, creating recurring income without engineering overhead.
3. Platform Monetization Services: Enables software platforms to monetize payment facilitation, turning payments into a revenue line item that grows with customer base.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels8 records

Core offering

Fortis provides embedded and integrated payment technology that helps software platforms and B2B businesses manage, accept, and scale payments. Its core offerings center on a proprietary embedded payments platform with REST APIs, omnichannel payment processing (credit, debit, ACH, digital wallets), Level 2/3 B2B optimization, accounts receivable automation embedded in ERP systems, and a payment facilitation model enabling ISV partners to earn revenue share.

Product overview

Fortis is an embedded payments technology company offering a unified platform for B2B payment processing, ERP integration, and accounts receivable automation. The product portfolio centers on core Embedded Payments platform integrated with Accounts Receivable Payments (PaymentsStream), Payment Acceptance (omnichannel processing), and Optimize & Grow (analytics/Reporting). The platform monetizes through payment facilitation and revenue-sharing with software partners. Supporting products include Growth Index benchmarking, AR Accelerator guide, and specialized features like Tap to Pay on iPhone, Fortis Surcharge, and Level II/III Processing. Fortis maintains an extensive integration ecosystem spanning major ERP systems (NetSuite, Sage, Acumatica, Microsoft Dynamics, QuickBooks), eCommerce platforms (WooCommerce, Shopify, BigCommerce, Adobe Commerce), hospitality POS (Oracle Opera/Xstore/Simphony, Visual Matrix), and other payment/fraud tools. The company has completed 14 acquisitions since 2019 to build capabilities across B2B payments, embedded ERP solutions, and technology stack expansion.

Differentiator

Problem solved

Functional benefit

Products and services

• Embedded Payments Core embedded payments platform enabling software providers to integrate payment processing directly into their software, featuring award-winning APIs, payment facilitation, recurring billing engine, text-to-pay, and developer tools.
• Accounts Receivable Payments (PaymentsStream) Embedded AR automation solution that streamlines invoicing and collections directly within ERP platforms, reducing DSO through automated invoice creation, payment reminders, and real-time reconciliation.
• Payment Acceptance Omnichannel payment processing supporting credit, debit, ACH/EFT, check, financing, NFC/Apple Pay/Google Pay, Tap to Pay on iPhone, BNPL, HSA/FSA, gift/loyalty, and 3D Secure authentication.
• Optimize & Grow Analytics and reporting solution providing near-real-time insights, dynamic reporting tools, enhanced reporting capabilities, and Visa CEDP support for B2B payment rate optimization.
• Platform Monetization Revenue-sharing model enabling software platforms to monetize payment facilitation and receive processing revenue for payments flowing through their software system.
• Growth Index Free benchmarking assessment scoring payment performance across four dimensions: Revenue Transparency, Customer Adoption Depth, Integration Flexibility, and Strategic Alignment. Provides actionable findings comparing businesses to industry peers.

Quantifiable outcome

• 53% of mid-market B2B companies still rely on spreadsheets for AR management, creating error-prone approaches that consume resources
• +5 more outcomes

Named customers7 records

Segments9 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration42 records

AI capability5 records

Feature9 records

Partnerships

15 partnerships are on record, tiered minor, core, strategic and flagship.

• FUTRminorStrategic or Co-development Partner · 27 October 2025Strategic partnership to launch Canada's first AI-powered rent-reporting program using FUTR's AI technology.
• BigCommercecoreTechnology or Integration · 16 September 2025Payments partnership to simplify checkout and accelerate business growth for BigCommerce merchants.
• Adobe Commerce (Magento)coreTechnology or Integration · 28 August 2025Expanded embedded payments capabilities with Adobe Commerce extension and App Assurance certification.
• Xina AIstrategicStrategic or Co-development Partner · 18 November 2024Joint partnership to revolutionize restaurant ordering with integrated AI and payment solutions.
• WooCommercecoreTechnology or Integration · 11 March 2024Partnership to expand capabilities in the $1T B2B market with WooCommerce plugin integration.
• LockstepstrategicTechnology or Integration · 9 March 2023Partnership to offer ERP-integrated solutions for automating collections, accepting online payments, and improving cash flow.
• Visual MatrixstrategicTechnology or Integration · 21 September 2022Partnership to deliver comprehensive integrated payment experience for hospitality operating systems.
• EverywarestrategicStrategic or Co-development Partner · 26 July 2022Strategic partnership to deliver completely integrated payment experience across transaction types including contactless payments.
• Oracle Hospitality (Opera PMS, Xstore POS, Simphony POS)coreTechnology or Integration · 20 April 2022Achieved Oracle Validated Integration Expertise with Oracle Hospitality OPERA and Oracle Retail Xstore for proven, repeatable payments integration.
• SageflagshipStrategic or Co-development PartnerSage Recommended Solution and Plus Tier Sage Tech Partner. Deep integrations across Sage 50, Sage 100, Sage 300, Sage X3, and Sage Intacct with co-marketing, co-selling, and joint product development.
• Oracle NetSuiteflagshipTechnology or IntegrationLeading embedded payment provider in NetSuite with over 20 years of integration history. Fortis acquired MerchantE's NetSuite division in 2024 to strengthen position.
• MicrosoftcoreTechnology or IntegrationIntegration partner for Microsoft Dynamics 365 Business Central and Dynamics 365 Finance. Featured on Microsoft AppSource with certified integration.
• AcumaticacoreTechnology or IntegrationCertified integration partner for Acumatica ERP with dedicated practice development, custom reporting, and go-to-market support.
• Intuit QuickBookscoreTechnology or IntegrationSeamless integration with QuickBooks for embedded AR payments, invoicing, and reconciliation.
• AvalarastrategicTechnology or IntegrationStrategic partnership in B2B ecosystem providing integrated tax compliance and payment solutions.

Scale indicators6 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• EBizCharge: EBizCharge is a direct competitor providing ERP-integrated payment processing solutions for mid-market B2B businesses across NetSuite, Sage, Microsoft Dynamics, QuickBooks, and Acumatica. Highly comparable business model focused on embedded B2B payments with Level 2/3 processing.
• Stax (formerly Fattmerchant): Stax is an embedded payments and BaaS provider focused on SaaS platforms and ISVs, offering payment facilitation and developer-friendly APIs. Directly comparable as both target software platforms for embedded payment monetization with transparent pricing.
• AffiniPay: AffiniPay provides integrated payment solutions for professional services firms and software platforms, with a focus on vertical-specific SaaS integrations (law, accounting, associations). Comparable embedded payments and vertical SaaS go-to-market model.
• WePay (JPMorgan): WePay, owned by JPMorgan, provides embedded payment processing for software platforms with risk management and underwriting services. Direct peer in the embedded payments for platforms space with similar payment facilitation model.
• Payrix (Global Payments): Payrix, a Global Payments company, provides embedded payment solutions and BaaS infrastructure specifically for SaaS platforms. Direct peer competing in the same ISV/embedded payments market with payment facilitation capabilities.
• TouchNet: TouchNet provides integrated payment solutions for higher education and ERP systems, with deep enterprise software integrations. Comparable as an embedded payments provider specializing in complex software platform integrations.
• Helcim: Helcim is a payment processor focused on small and mid-market B2B businesses with transparent interchange-plus pricing and developer APIs. Comparable in B2B payment processing focus with strong API and software integration capabilities.

Emerging players

• Spreedly: Spreedly is a payment orchestration platform that enables software platforms to connect to multiple payment services through a single API. Overlaps with Fortis in payment gateway/developer tooling but focuses on orchestration rather than direct processing.

Broad incumbents

• Stripe: Stripe is a global payments platform with Stripe Connect for embedded payments and SaaS platforms. Broad incumbent competing across the entire payments stack including embedded/developer-focused offerings, with substantially greater scale and capital resources.
• Adyen: Adyen is a global payment platform offering unified commerce and embedded payment capabilities for platforms and marketplaces. Broad incumbent with greater international footprint and enterprise brand recognition competing for the same platform-embedded payments opportunity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/FortisPay

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries11 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A11 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fortis Payments