Ghanaian fintech Fido has raised $20 million in Series B funding from BlueOrchard and Dutch Entrepreneurial Development Bank FMO, with an additional $10 million in debt financing from Stanbic Bank Ghana and Growth Investment Partners.

The funds will support Fido's expansion across Africa, focusing on providing small business loans, savings, and personalized insurance solutions.

Fido offers credit access to individuals and MSMEs in Ghana and Uganda, leveraging AI-driven technology to deliver its services.