How much did Fido raise in its Series B?

$30M, announced on 4 September 2024.

Who led Fido's Series B?

FMO and BlueOrchard Finance S A led the round.

Who invested in Fido's Series B?

2 investors are named for this round: FMO (lead) and BlueOrchard Finance S A (lead).

Funding roundSeries B

Fido Series B

Fido raised $30M in a Series B led by FMO and BlueOrchard Finance S A. It was announced on 4 September 2024.

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1 sourceSource: SLA Funding IndexHow we verify →

Amount raised: $30M; USD
Announced: 04 Sept 2024; 2 years ago
Investors: 2; 2 lead

Investors in Fido's Series B2

Leads

FMO
Impact Investor
LeadProfile of FMO →
BlueOrchard Finance S A
Private Equity
LeadProfile of BlueOrchard Finance S A →

About this round

According to Fido CEO, Alon Eitan, ” I’m proud to share that we’ve raised $20M in Series-B funding from BlueOrchard Finance Ltd and FMO – Dutch entrepreneurial development bank, plus $10M in debt funding from Stanbic Bank Ghana and Growth Investment Partners (GIP). This investment will accelerate our growth across Africa and enhance our financial services for the unbanked.”

Sources for this round1

techmoran.comhttps://techmoran.com/2024/09/04/ghanas-digital-lender-fido-raises-30m-series-b-round-to-expand-to-east-southern-africa/

Frequently asked about Fido's Series B

How much did Fido raise in its Series B?: $30M, announced on 4 September 2024.
Who led Fido's Series B?: FMO and BlueOrchard Finance S A led the round.
Who invested in Fido's Series B?: 2 investors are named for this round: FMO (lead) and BlueOrchard Finance S A (lead).