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# Ghanaian fintech startup Fido secures $30 million to expand in Africa
- URL: https://www.techloy.com/ghanaian-fintech-startup-fido-secures-30-million-to-expand-in-africa/
- Published: 2022-06-22T18:27:53.000Z
- Updated: 2022-12-08T01:41:22.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Fintech, Ghana

[Fido,](https://www.fidocredit.com/) a Ghana-based fintech startup has secured $30 million in its Series A funding round led by Fortissimo Capital, to support its plans to expand in Africa. 

- The fund will be used to improve its product offering, open its second research centre in Ghana, and expand its operations in Africa starting with Uganda.
- Founded in 2015, Fido offers mobile loans of $250 to individuals and small businesses, repayable in installments.
- With over 350,000 customers in Ghana, the fintech firm has processed over 1.5 million loans at $150 million valuations.
- It has now raised $38 million in total equity investments.