Fido Raises $30M in Series A Funding
- Fido, an Africa-focused fintech startup, raised $30M in Series A funding
- The round was led by Fortissimo Capital with participation from Yard Ventures
- The company is a fintech company whose mission is to make essential financial services available to the unbanked
- The company has built a credit risk platform that makes instant credit decisions without requiring the customer’s credit history
- Later this year, the company plans to launch savings and payment products in some of its markets
- To support the launch of its new financial products, the platform will expand the tech team in Tel Aviv and open a tech hub in Accra to attract and develop local talent
