Fido, a portfolio company of Fortissimo Capital, has raised $20 million in Series B funding to enhance its digital banking services across Africa. The funding aims to broaden Fido’s market penetration, providing financial services to the often overlooked unbanked population. Fido’s platform utilizes advanced technology, machine learning algorithms, and the Fido Score, which enables precise risk assessment and fraud detection, allowing for more significant credit amounts and innovative financial products. This new capital will accelerate Fido’s expansion, reinforcing its role as a fintech innovator in the region.
Fintech, Investment,Africa, Global
Revolutionizing Digital Banking in Africa: Fido Secures $20M Series B Funding