FIDO is a digital lending company founded in Ghana that utilizes alternative data and artificial intelligence to assess creditworthiness. This allows customers to instantly access credit without extensive financial record tracking. FIDO raised $10 million in Series B funding from FMO to develop its loan book in Ghana and Uganda. It also raised $30 million in equity investment in its Series A funding round led by Fortissimo Capital, with participation from Yard Ventures.
| Date | Round | Amount | Lead |
|---|---|---|---|
| Aug 27, 2024 | $10.0M | ||
| Jun 24, 2022 | $30.0M |