Ghanaian fintech Fido has secured $30 million in funding (debt and equity), positioning itself for its next phase of growth across the continent.
The round includes a major equity raise led by Fortissimo Capital, alongside additional debt financing, as the company doubles down on scaling its Al-powered lending platform.
At its core, Fido is solving one of Africa’s biggest problems access to credit. Its platform uses alternative data and machine learning to assess risk, allowing people without formal banking history to access loans instantly.
So far, the company has already issued millions of loans and served hundreds of thousands of customers, proving that credit can be distributed at scale without traditional banking systems.
Now, the focus is expansion.
With fresh capital, Fido is pushing deeper into Africa, with East Africa firmly in sight.
The plan is simple grow its lending product, introduce new financial services, and reach more underserved users across the region.
This is where the real shift is happening.
Fintechs like Fido aren’t just building apps
they’re quietly rebuilding Africa’s financial infrastructure, using data instead of paperwork, and speed instead of bureaucracy.
