- Investment to scale AI-driven lending for underserved individuals and MSMEs across Africa
- Supports the expansion of Fido’s inclusive digital financial services
- Aligned with Sustainable Development Goal 1 (No Poverty)
Symbiotics has supported Fido Ghana through a USD 5.5 million debt investment, backing a pioneering digital financial services provider committed to expanding access to credit for underserved individuals and micro, small, and medium enterprises (MSMEs) across Africa.
This strategic funding will support Fido Ghana’s expansion of its AI-driven lending and digital financial solutions, enhancing its capacity to serve individuals and small businesses traditionally excluded from conventional banking services. The investment underscores Symbiotics’ commitment to fostering sustainable economic development and promoting broader financial inclusion in frontier and emerging markets.
Founded in 2014, Fido is building Africa’s leading AI-powered, fully-digital financial platform, leveraging its proprietary technology and data-driven models to deliver instant loans, savings and other ancillary services through its mobile platform to individuals and MSMEs, many of whom lack conventional financial histories. The company’s inclusive digital offerings help bridge financial access gaps in Ghana, Uganda, and beyond. Fido’s solutions have contributed to the disbursement of hundreds of millions of dollars in credit to more than one million customers, with a significant share going to small businesses and low-income users.
“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.
“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.
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).
Symbiotics Asset Management’s funds and clients played a key role in enabling this transformative investment through their targeted capital allocation with the REGMIFA fund as a key contributor.
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For more information, contact:
Samy Derradji, Symbiotics, Corporate Communication Manager
samy.derradji@symbioticsgroup.com
Kweku Asiedu, Fido, Director of Corporate Development & Investor Relations
kwekua@fidocredit.com
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About Symbiotics
Symbiotics is the leading market access platform for impact investing, dedicated to private markets in emerging and frontier economies. The group offers investment, asset management and capacity building services. Since 2005, we have originated over 9,000 investments representing more than USD 11.5 billion for 650 companies in 99 countries. We manage an aggregate portfolio of USD 2.3 billion spread across 19 funds and mandates. Our portfolio companies have also benefited from over 170 technical assistance projects worth more than USD 19 million. symbioticsgroup.com
About Fido Ghana
Fido Ghana is a digital financial services provider on a mission to broaden financial inclusion through instant access to credit, savings, mobile financing, payments, and other financial services via an AI-powered platform. Leveraging its proprietary Fido Score, the company extends financial services to individuals and small businesses traditionally excluded from formal banking, empowering economic opportunity and financial resilience across underserved communities. gh.fido.money
About REGMIFA
Launched in 2010, the REGMIFA Fund is a blended finance initiative that attracts both public and private investors seeking impactful ventures with risk-adjusted returns. Since its inception, the Fund has generated over USD 750 million in investments across Sub-Saharan Africa, impacting over 2 million micro-entrepreneurs. A parallel Technical Assistance Facility provides tailored technical and institutional support to REGMIFA’s partner institutions, enhancing their capacity and effectiveness. regmifa.com
