Grace Ashiru
Fido Ghana, a digital financial services provider, has secured $5.5 million in debt financing from Symbiotics, according to company announcements.
The debt investment came from the Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA), managed by Swiss-based impact investment manager Symbiotics, according to a February 18, 2026 statement.
The proceeds will support expansion of Fido Ghana’s lending portfolio, digital infrastructure enhancement, and platform scaling, according to company statements.
Founded in 2014, Fido operates in Ghana and Uganda providing digital financial services including instant loans, savings, and microinsurance through a mobile platform, according to company information.
The company uses a proprietary AI model called Fido Score that analyzes alternative data including mobile phone usage patterns and transaction behaviors to assess credit risk for individuals and MSMEs without traditional credit histories.
Fido reports disbursing hundreds of millions of dollars in loans to more than one million customers, with a significant portion serving small businesses and low-income users.
Aldric Luyt, head of Fintech at Symbiotics, said the investment supports Fido Ghana’s data-driven models and financial inclusion impact across African markets.
Alon Eitan, CEO of Fido Group, said the capital will support platform scaling and development of financial solutions for individuals and MSMEs.
Fido previously raised $30 million in September 2024, comprising $20 million in Series B equity led by BlueOrchard Finance and FMO, plus $10 million in debt from Stanbic Bank Ghana and Growth Investment Partners, according to company announcements.
In June 2022, the company secured $30 million in Series A funding led by Fortissimo Capital, according to previous reports.
REGMIFA, launched in 2010, has generated over $750 million in investments across Sub-Saharan Africa, impacting over 2 million micro-entrepreneurs, according to fund documentation.
Symbiotics reports originating over 9,000 investments representing more than $11.5 billion for 650 companies in 99 countries since 2005, managing an aggregate portfolio of $2.3 billion across 19 funds and mandates.
