Fido Ghana has secured a USD 5.5 million debt investment from the Regional MSME Investment Fund for Sub-Saharan Africa, managed by the Swiss-based impact manager, Symbiotics. The new capital injection will strengthen Fido Ghana’s capacity to scale its lending portfolio, enhance its digital infrastructure, and meet rising demand for accessible financial tools. For many borrowers, particularly small business owners, timely access to working capital can determine business survival and growth, making digital lenders increasingly critical to local economic resilience.
Founded in 2014, Fido has positioned itself as a fully digital, AI-powered financial platform focused on closing credit gaps for low-income individuals and small businesses. Operating in Ghana and Uganda, the company has disbursed hundreds of millions of dollars in loans to more than one million customers. A substantial share of this lending has supported informal MSMEs.
This partnership between Symbiotics and Fido is set to empower entrepreneurs, increase access to financial services for excluded communities, and contribute to resilient economic growth, advancing progress towards Sustainable Development Goal 1 (No Poverty).
“This investment is another validation of our mission to serve the financially underserved across Africa. The capital raised will support the scaling of our platform as we continue developing financial solutions to provide more individuals and MSMEs with essential tools to build financial security,” added Alon Eitan, CEO at Fido Group.
“Symbiotics is proud to support Fido Ghana in its mission to scale inclusive, AI-enabled financial services that expand access for underserved populations. We are particularly impressed by the company’s innovative data-driven models and its impact in enhancing meaningful financial inclusion across multiple African markets,” said Aldric Luyt, head of Fintech at Symbiotics.
