Fortis Payments
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.
- Company typePrivate
- Founded2001
- HeadquartersPlano, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingSoftware
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.
Fortis Payments firmographics
Firmographics- 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
Fortis Payments industry classification
Industry- 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
Where Fortis Payments is headquartered
LocationHeadquarters
- HQ city
- Plano
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Fortis Payments business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- 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.
- 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.
- Platform Monetization Services: Enables software platforms to monetize payment facilitation, turning payments into a revenue line item that grows with customer base.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Custom pricing based on business size and payment volume |
| Transaction based/ take rate | Monthly | Revenue-sharing model for ISV partners |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels8 records
Fortis Payments product offering
Product offeringCore 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
Companies that use Fortis Payments
Customer profileNamed customers7 records
Segments9 records
Ideal customer profiles4 records
Fortis Payments technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration42 records
AI capability5 records
Feature9 records
Fortis Payments partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered minor, core, strategic and flagship.
- FUTRminorStrategic partnership to launch Canada's first AI-powered rent-reporting program using FUTR's AI technology.
- BigCommercecorePayments partnership to simplify checkout and accelerate business growth for BigCommerce merchants.
- Adobe Commerce (Magento)coreExpanded embedded payments capabilities with Adobe Commerce extension and App Assurance certification.
- Xina AIstrategicJoint partnership to revolutionize restaurant ordering with integrated AI and payment solutions.
- WooCommercecorePartnership to expand capabilities in the $1T B2B market with WooCommerce plugin integration.
- LockstepstrategicPartnership to offer ERP-integrated solutions for automating collections, accepting online payments, and improving cash flow.
- Visual MatrixstrategicPartnership to deliver comprehensive integrated payment experience for hospitality operating systems.
- EverywarestrategicStrategic partnership to deliver completely integrated payment experience across transaction types including contactless payments.
- Oracle Hospitality (Opera PMS, Xstore POS, Simphony POS)coreAchieved Oracle Validated Integration Expertise with Oracle Hospitality OPERA and Oracle Retail Xstore for proven, repeatable payments integration.
- SageflagshipSage 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 NetSuiteflagshipLeading embedded payment provider in NetSuite with over 20 years of integration history. Fortis acquired MerchantE's NetSuite division in 2024 to strengthen position.
- MicrosoftcoreIntegration partner for Microsoft Dynamics 365 Business Central and Dynamics 365 Finance. Featured on Microsoft AppSource with certified integration.
- AcumaticacoreCertified integration partner for Acumatica ERP with dedicated practice development, custom reporting, and go-to-market support.
- Intuit QuickBookscoreSeamless integration with QuickBooks for embedded AR payments, invoicing, and reconciliation.
- AvalarastrategicStrategic partnership in B2B ecosystem providing integrated tax compliance and payment solutions.
Scale indicators6 records
Recent moves7 records
Expansion highlights7 records
Fortis Payments competitors and assessment
Company assessmentDirect 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
Fortis Payments social profiles
Digital presenceFortis Payments compliance and trust
Trust signalCompliance4 records
Fortis Payments financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fortis Payments leadership team
Management profileNumber of profiles
Profiles12 records
Fortis Payments subsidiaries and ownership
Company hierarchySubsidiaries11 records
Fortis Payments funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fortis Payments M&A and investment
M&A and investmentM&A11 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fortis Payments
What does Fortis Payments do?
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.
Is Fortis Payments a public or private company?
Fortis Payments is a private company. It is classified as private equity controlled and is currently operating.
When was Fortis Payments founded?
Fortis Payments was founded in 2001. It employs 501 to 1,000 people.
Where is Fortis Payments based?
Fortis Payments is headquartered in Plano, United States, in the North America region.
How does Fortis Payments make money?
Three revenue lines are on record. Transaction Processing Fees are the primary driver. The others are payment Facilitation Revenue Share and platform Monetization Services.
Who are Fortis Payments's main competitors?
Direct peers on record are EBizCharge, Stax (formerly Fattmerchant), AffiniPay, WePay (JPMorgan), Payrix (Global Payments), TouchNet and Helcim. Spreedly is listed as an emerging player. Broad incumbents are Stripe and Adyen.
Does Fortis Payments have an API?
Yes. Fortis offers a REST API with Open API Specification (OAS) support, providing developer-friendly APIs for payment processing, merchant onboarding, transaction management, and reporting. The platform includes SDKs in multiple programming languages, API console for live testing, and comprehensive documentation with multi-language support and SDK generation. Sandbox environment available for testing. Developer documentation is at docs.fortis.tech/v/1_0_0.html#/rest/quick-start-guide/overview.
What industry is Fortis Payments in?
Fortis Payments's product category is Embedded Payments Platform. Its primary akta.pro industry code is FSAGALAB, Embedded Payments (Pay-ins, Pay-outs, Wallets), with a secondary code of FSAMACAL, Developer Tooling & SDKs for Payments (Gateway Tooling). Its NAICS code is 522320 and its SIC code is 7370.