Tech Company Financing Transactions
Fido Funding Round
BlueOrchard and FMO joined a $30 million Series B capital raise for Fido. The round was recorded on 9/3/2024.
Transaction Overview
Company Name
Announced On
9/3/2024
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$30,000,000
Round
Series B
Investors
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
48 Blohum Rd.
Accra, 0233
Ghana
Accra, 0233
Ghana
Phone
Undisclosed
Website
Email Address
Overview
Fido empowers individuals and entrepreneurs to capture financial opportunities in Africa. Lack of access to financial services is a key constraint on the growth of entrepreneurship in Africa. The banking sector is complicated and bureaucratic, its processes are time-consuming and not very customer-friendly, so access to financial services remains beyond the reach of a significant segment of the population.
Management Team
Title
Name
Email & Social
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Where The Data Comes From
We report on every notable VC transaction. All VC database entries reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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