Ghanaian Fintech Fido Raises USD 30 Mn Series A Round

Ghana-based fintech Fido has just raised USD 30 Mn in a Series A round led by Israel-based private equity fund Fortissimo Capital, with participation from Yard Ventures, a VC fund by Harvard alumni.

Fido gives mobile loans to individuals and small businesses. The loans are repayable through single or multiple installments for up to six months. Customers upload their headshots and copies of their identity cards, which are then validated by Fido’s image recognition model and checked against existing databases.