Impact investors FMO and BlueOrchard back Ghana’s digital lender Fido in $30M Series B round

[ad_1]

Digital lending platforms have become an easy and swift alternative source of credit for microenterprises and individuals overlooked by traditional banking institutions. These platforms have turned into a lifeline for millions of underbanked and demand will keep growing, pushing the value of the digital lending platform market in the Middle East and Africa to reach $2 billion in the next five years, recording a four-fold growth since 2021.

[ad_2]

Source link