Fido

The AI-Native Lender
Building Africa's Credit Rails

Growth Equity | March 2026

$40M
2025 Revenue
3 Countries
Ghana · Uganda · SA launching
Profitable
Since 2025
ConfidentialFido Growth Equity 2026
The Problem
350M+

adults in Sub-Saharan Africa
locked out of formal credit

$331B
MSME credit gap
1.1B
Mobile money accounts — rails exist
$1.1T
Mobile money transactions/yr
Sources: World Bank Findex 2024, GSMA 2024
The Solution

Credit. Savings. Insurance.
All from your phone.

AI underwrites loans in 60 seconds using mobile data and behavioral signals. No paperwork, no collateral, no branch visit. Then we help customers save, protect against shocks, and build financial resilience.

2M+
Borrowers served
90%+
Previously unbanked
5M+
Loans disbursed
Product Suite

Credit. Savings. Insurance.
All from your phone.

Full financial stack for the unbanked — every product drives the next. Credit builds the relationship. Savings deepens it. Insurance protects it.

💰

Personal Credit

$10–$350
14–60 day loans. 85% repeat rate. 60-second approval. No paperwork, no bureau.
🏪

FidoBiz

$50–$1,000
Working capital for SMEs. 90% use for stock. Unlocked via Fido Score progression.
💳

EasySave

10% p.a.
Partnership with Access Bank. 95% first-time savers. Start with $0.10. No fees.
☔

Climate Insurance

Free to user
Fire, flood, wind — 12mo. Fido pays the premium. Auto-enrolled for eligible borrowers.
5M+
Loans disbursed
85%
Come back for more
42%
Women borrowers
60s
To first loan
Traction

$8M → $40M in 3 years

5x growth. Now profitable.

$8M
2022
$16M
2023
$22M
2024
$40M
2025
$60M
2026B
$100M
2027T
82%
2025 YoY growth
25%
2026E EBITDA margin
$100M
2027 target
Fido Score

The credit score
customers control

Every customer sees their 0-800 Fido Score in-app. Weekly updates, percentile ranking, and specific actions to improve. Upload documents, repay on time, build history — the score rewards good behavior. No black box.

85%
Repeat borrower rate
12+
AI model components
3.5x
LTV / CAC ratio
4.5%
Default rate at scale
12:30 ●●●●
Your Fido Score
480
😐 Fair
0250500660800
Last updated on 26/07/22
⚡ Reach 500 points and get higher loan amounts — up to 50% more!
Take these steps to improve your Fido Score!
Add financial information 🚀
0 out of 1 completed
❯
Add personal information
0 out of 2 completed
❯
Build your track record
❯
Credit Engine

A fundamentally different architecture

Industry Standard

○Manual underwriting
○Bureau-dependent
○Branch-based, 9-5
○Annual model refresh
vs

Fido

●60s AI decisions
●Mobile + behavioral signals
●24/7 mobile-first
●Continuous real-time learning
2,000+
Features per decision
10+
AI models in production
$10
Profitably serves micro-loans
Agentic AI

9 AI agents. In production.
Not a chatbot. Not a demo.

This is the most advanced deployment of agentic AI in African fintech. Autonomous agents execute real operations — every day, shipping code, running campaigns, catching fraud.

300K+
Loans/month managed by
~40 collection agents
3.2x
Fraud detection lift
from AI signal discovery
70+
Repos managed by
coding agent
2x
Dev velocity increase
since agent deployment
💰

Collections

SMS campaigns, propensity scoring

🔎

Fraud

Real-time signal discovery

💻

Coding Agent

Code, PRs, 70+ repos

📢

Marketing

Ads, SEO, content

📊

Finance

Flash reports, BVA

🎓

Support

Ticket themes, routing

🛠

Product

Roadmap, prioritization

🇿🇦

SA Launch

Market entry in weeks

💬

Slack Ops

Real-time coordination

Deep Dive: Engineering & Risk AI

The coding agent builds the product.
Risk agents protect it.

💻 Coding Agent

Full-stack engineering agent across 70+ repositories. Ships production code daily.

●Reviews PRs, builds features, debugs production issues
●Built the SA launch codebase in weeks — not months
●This investor deck: researched, designed, and built by agents
●Accelerates a team that's 40% engineering

🔎 Risk & Collections AI

Fraud detection, automated collections, and agentic feature discovery for the credit model.

●Geohash clustering — 3.2x lift on bust-out fraud detection
●Automated collection campaigns: propensity scoring, SMS cadence, compliance
●Agentic feature discovery — agents autonomously test new AI features against labeled populations, measure lift, and recommend model updates
●300K+ loans/month managed by ~40 agents (10x traditional staffing ratio)
🇬🇭 Ghana — Core Market
$36M

Ghana's largest non-bank financial institution.
Licensed. Profitable. Dominant.

1.8M
Active borrowers
$48.9M
2026 target
4.5★
Play Store rating
ISO
27001 certified
Bank of Ghana

Licensed & Regulated

Bank of Ghana (BOG) licensed NBFI. In process of being grandfathered into the new Microfinance Bank (MFB) deposit-taking license.

Equity Investors

FMO
BlueOrchard
Fortissimo

Credit Funding Partners

Standard Bank
GIP
Symbiotics
🇺🇬 Uganda — Proving Portability

Same playbook.
New market.
Unit economics first.

Mobile-first AI underwriting, loan ladder, EasySave — all ported from Ghana. Proving the model is portable before scaling. No land-grab burn.

Launched 2023 • USSD telco partnerships expanding H1 2026
🇺🇬
$1M
2025E Revenue
$3.1M
2026 target
98.4K
New users 2026
2
Telco USSD deals
🇿🇦 South Africa — Growth Engine

R2.43T credit market. 67.6% rejection rate.
Fido's biggest opportunity.

82.5%
Smartphone penetration
$1.19B
Alt lending market
8,525
Credit providers — fragmented
$1M
2026E ARR
Already licensed. First loan disbursement targeted June 2026.

SA ARR Forecast (indicative)

$1M
2026E
$5M
Y2
$15M
Y3
$30M
Y4
$50M
Y5
Impact

Financial inclusion
is the product

90%+
Previously unbanked
42%
Women borrowers
95%
First-time savers (EasySave)
40%
Rural users

☔ Climate Insurance

Embedded in credit products. Fire, flood, wind — 12 months coverage. Fido pays the premium. Auto-enrolled for eligible borrowers.

🏭 Kantamanto Market Fire — Jan 2025

When fire destroyed 5,000+ shops at Ghana's largest secondhand market, Fido's climate insurance coverage activated for affected borrowers — protecting their outstanding loans and enabling recovery. 8,000 traders impacted.

SDG 1 (No Poverty) • SDG 5 (Gender Equality) • SDG 13 (Climate Action)

Leadership

Built by operators, not tourists

250 team across Accra, Kampala, Tel Aviv. 40-person tech team.

Alon Eitan

Alon Eitan

CEO & Co-Founder
Ex PwC. PE and startup operations. CPA. MSc Finance, TAU.
Tim Souter

Tim Souter

CFO
Ex Partner, Ethos PE. 20yr Africa fintech. CFA.
Sebastian Quansah

Sebastian Quansah

COO
Leads Ghana operations. Scaled ops from 0 to 250 team.
Guy Shaked

Guy Shaked

CRO
Built the credit engine. Ex VP AI @SparkBeyond. MSc Physics, TAU.
Uri Tolkowsky

Uri Tolkowsky

CRO
Anti-financial crime. ACAMS certified.
Fido

Raising growth equity to scale
Africa's AI-native credit platform

$40M
Current revenue
$100M
2027 target
SA Launch
$50M ARR opportunity by year 5

alon@fido.money

Prepared by Fido's agentic AI system: research, data analysis, image generation, and deck composition.

ConfidentialFido Growth Equity 2026
Appendix

Comparable Valuations

CompanyRegionValuationMultipleStage
NubankLatAm$58–78B~8x revenuePublic
GoTyme (TymeBank)SA / SEA$1.5BProfitableGrowth
MoniepointNigeria>$1B~5x revenueGrowth
UaláLatAm$3.2B~10x revenueGrowth
OptasiaSA (IPO)$1.4B~4x revenuePublic
10.6x
Global digital lending avg
2–5x
Africa-focused range
$40M
Fido 2025 revenue base