Ghana’s thriving digital lending space has received a major boost with a $30 million Series B funding round for Fido, a leading fintech platform. The investment, led by impact investors FMO and BlueOrchard, marks a significant step forward in Fido’s mission to empower financial inclusion and economic development in Ghana.

Fido, known for its innovative mobile-first approach to lending, provides quick and convenient access to affordable credit for underserved populations. The company leverages technology to streamline the loan application process, enabling faster approval times and reducing traditional barriers to borrowing. This allows individuals and small businesses to access the capital they need for growth and opportunity.

The $30 million investment will be used to further Fido’s expansion across Ghana, including strengthening its technology infrastructure and developing new products tailored to specific market segments. This commitment to innovation ensures Fido remains at the forefront of digital lending, offering even greater accessibility and value to its customers.

“We are excited to partner with FMO and BlueOrchard, two renowned impact investors who share our commitment to fostering financial inclusion,” said [CEO of Fido]. “This investment will enable us to reach even more people and businesses, contributing to the economic progress of Ghana.”

FMO and BlueOrchard bring invaluable expertise and resources to the table, solidifying their position as champions of positive impact in emerging markets. This investment not only empowers Fido’s growth but also strengthens the Ghanaian financial ecosystem, paving the way for a more inclusive and prosperous future.

As Ghana continues its journey towards a digital economy, Fido’s success story demonstrates the transformative power of fintech solutions. With the support of impact investors like FMO and BlueOrchard, Fido is poised to become a driving force behind inclusive financial growth in Ghana and beyond.