Ghana's Fintech Fido Raises $30m to Roll Out New Products and Expand Across Africa

21 June 2022
TechCrunch (San Francisco)
By Annie Njanja

After extending credit to thousands of customers over mobile phones since 2015, Ghana-based fintech Fido is now in search of additional growth avenues for its expansion across Africa.

Fido told TechCrunch that it is planning to add savings and payment products to its portfolio later this year, and to enter Uganda, its second market, as it prepares to expand to more regions across the continent. The fintech is also set to open its second research and development center in Ghana's capital, Accra, which will augment its Israel branch, to help it automate most of its operations to ensure sustainability in the long-term.

Read the full story on TechCrunch.

Tagged:
Copyright © 2022 TechCrunch. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.