Fido
Company

Last deal

$10.M

Amount

Debt Financing

Stage

04.09.2024

Date

8

all rounds

$81.5M

Total amount

General

About Company
Fido is an AI-driven digital bank that offers instant credit loans without fees, collateral, or guarantors.

Industry

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Also Known As

Fido Money Lending Limited

founded date

01.01.2013

Number of employees

Company Type

For Profit

Last funding type

Debt Financing

IPO status

Private

Description

Fido's digital financing platform allows fast and easy access to funds for individuals and entrepreneurs in Africa. The platform uses advanced technology and unique machine learning risk models to make instant credit decisions for customers with no financial track record, while reducing operational costs. Fido also introduces the Fido Score, which empowers customers to build and maintain a digital financial track record, educating them to improve their score and adopt smart financial habits.
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