# Fido

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fido

- Industry: Financial Services
- Headquarters: Accra, Ghana
- Website: www.fidobank.app/
- Total disclosed funding: $50M
- Latest round: Series B (Aug 26, 2024)
- Investors on record: 4

## About

Founded in 2013 by Nadav Topolski, and based in Ghana, Fido Micro Credit Limited (Fido) operates an artificial intelligence-based digital bank that lends money to consumers and provides a mobile application that enables users to request loans and set loan terms and conditions. In February 2026, Fido Micro Credit Ltd. raised USD 5.5 million in venture debt funding from Symbiotics Asset Management. As of 2025, Alon Eitan is the CEO of the company and has offices in Ghana, Tel-Avid, and Uganda. Fido offers an application that features Fido score, Fido Loans, and Fido Savings - these features help with improving the credit score, digitally applying for loans of up to USD 250 to individuals and small businesses, and enabling customers to open a saving account. The company has introduced Fido Score to help individuals and entrepreneurs take control of their finances and build a digital financial identity. Fido Micro Credit has over 500 thousand customers. The company will use the May 2025 funding to expand its AI-driven lending services into additional markets across Africa.

## Funding rounds

- Series B, Aug 26, 2024, $20M — BlueOrchard Finance, FMO: Dutch Entrepreneurial Development Bank
- Series A, May 16, 2022, $30M — Fortissimo Capital, Alumni Ventures Group

## Investors

- Fortissimo Capital (https://capitalatlas.ai/funds/fortissimo-capital) — Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A
- BlueOrchard Finance (https://capitalatlas.ai/funds/blueorchard-finance) — Series B
- FMO: Dutch Entrepreneurial Development Bank — Series B