About FIDO

We are changing the way financial services are provided in developing markets

Origin

Founded in 2013, Fido began as a consumer lender in Ghana with first of its kind mobile technology and risk platform. Access to credit continues to be a challenge in developing markets, where financial history is not widely available for the borrowers who need it the most. Today, Fido employs over 50 staff around the world to bring fast, reliable and easy financial services to the underbanked.

Mission

Provide access to financial services to the underbanked through technology, anytime, anywhere.

Values

  • Efficiency
  • Reliability
  • Support
  • Innovation
  • Inclusion
PROBLEM

Consumers in developing markets don’t have convenient or efficient access to credit. Combined with reliance on informal or semi-formal employment sectors, consumers remain under-served by legacy financial institutions and miss the opportunity to build financial history.

Access to formal credit source (Low & Middle Income Countries)
9%
Access to financial institution (Low & Middle Income Countries)
53%

World Bank Global Findex (2014)

SOLUTION
1

Leverage mobile technology to reach consumers

2

Use alternative data analysis for underwriting, minimizing required documentation and third-party sources

3

Automate business processes to increase efficiency and reduce cost at scale.

4

Offer compelling and customized products and service to meet highest customer satisfaction.