About Fido
Fido is a company based in Tel Aviv (Israel) founded in 2014. It operates as a FinTech. Fido has raised $50 million across 4 funding rounds from investors including Standard Bank, Global Infrastructure Partners and BlueOrchard. Fido offers products and services including Fido Credit, FidoBiz, and Fido Score.
- Headquarter Tel Aviv, Israel
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fido Microcredit
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$50 M (USD)
in 4 rounds
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Latest Funding Round
$10 M (USD), Debt – Conventional
Sep 03, 2024
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Investors
Standard Bank
& 5 more
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Employee Count
Employee Count
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Products & Services of Fido
Fido offers a comprehensive portfolio of products and services, including Fido Credit, FidoBiz, and Fido Score. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Personal loans are provided for individual financial needs.
Business loans are offered to support entrepreneurial ventures.
Credit scoring service is used to evaluate eligibility.
Unlock access to complete
Funding Insights of Fido
Fido has successfully raised a total of $50M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $10 million completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $10.0M
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First Round
First Round
(22 Jun 2022)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Debt – Conventional - Fido | Valuation |
investors |
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| Aug, 2024 | Amount | Series B - Fido | Valuation | BlueOrchard , IM |
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| Jun, 2022 | Amount | Series A - Fido | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fido
Fido has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Standard Bank, Global Infrastructure Partners and BlueOrchard. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Infrastructure and private equity investments are managed across multiple sectors.
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Founded Year | Domain | Location | |
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Debt and equity investments are managed by this private fund.
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Founded Year | Domain | Location | |
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Venture capital investing and portfolio management services for accredited investors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fido
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Fido
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fido Comparisons
Competitors of Fido
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fido
Frequently Asked Questions about Fido
When was Fido founded?
Fido was founded in 2014 and raised its 1st funding round 8 years after it was founded.
Where is Fido located?
Fido is headquartered in Tel Aviv, Israel.
Who is the current CEO of Fido?
Alon Eitan is the current CEO of Fido.
Is Fido a funded company?
Fido is a funded company, having raised a total of $50M across 4 funding rounds to date. The company's 1st funding round was a Series A of $30M, raised on Jun 22, 2022.
What does Fido do?
Fido is engaged in offering fast and customer-focused lending solutions primarily in Ghana. Services are provided in the financial sector, focusing on personal and business loans through a digital platform. Instant loans are facilitated via identity verification and credit scoring tools like Fido Score. Operations are extended to support financial management and bill payments anytime, with a presence in multiple African countries.
What products or services does Fido offer?
Fido offers Fido Credit, FidoBiz, and Fido Score.
Who are Fido's investors?
Fido has 6 investors. Key investors include Standard Bank, Global Infrastructure Partners, BlueOrchard, FMO Investment Management, and Alumni Ventures.