FIDO
Short-term Loans for Underserved Markets
StartupFIDO is a Tel Aviv-Yafo-based startup in the Fintech & Insurtech sector, established in 2015. Short-term Loans for Underserved Markets. The company has raised a total of $60M across 4 funding rounds, currently at the B stage. FIDO was founded by Tomer Edry, Eden Kfir, Boaz Jacobi. Key investors include FMO, BlueOrchard, Fortissimo Capital, among 4 total investors. The company has 201-500 employees. Core technologies: Platforms & Interfaces, Mobile.
With $60M in total funding, FIDO is a B-stage company operating in Fintech & Insurtech. The company follows a B2B/B2C business model. Product stage: Released.
- StageB
- ProductReleased
- ModelB2B, B2C
- Employees201-500
- HQTel Aviv-Yafo
- DistrictCenter District
- Last Round$5.5M
- FMOLead
- BlueOrchardLead
- Fortissimo CapitalLead
4 investors total
Tomer EdryCo-founder & Board Member
Eden KfirCo-founder (No longer with the company)
Boaz JacobiCo-founder (No longer with the company)
5 articles covered by sources including techcrunch.com,
www.ghanaweb.com,
en.globes.co.il,
www.forbes.com.
What does FIDO do?
FIDO is a technology-driven financial service provider. Its fully automated end-to-end solution uses proprietary machine-learning technology to offer responsible credit products to entrepreneurs and consumers through mobile technology. Responsible digital financing is a critical pillar of FIDO's vision and mission. The company has signed the Responsible Finance Forum guidelines and endorsed the Smart Campaign program. FIDO is the top financial app in its first market, Ghana, and has received a lending license and begun operations in its second market, the Philippines. The company has over $24 million distributed to date through 400,000 loans to more than 100,000 customers.
How much funding has FIDO raised?
FIDO has raised $60M in total funding across 4 rounds. The company is currently at the B stage. Key investors include FMO, BlueOrchard, Fortissimo Capital.
Who founded FIDO?
FIDO was founded in 2015 by Tomer Edry (Co-founder & Board Member), Eden Kfir (Co-founder (No longer with the company)), Boaz Jacobi (Co-founder (No longer with the company)).
What sector is FIDO in?
FIDO operates in Fintech & Insurtech, Lending & Financing, with core technologies in Platforms & Interfaces, Mobile. Target customers: Consumers.
Where is FIDO located?
FIDO is based in Raoul Wallenberg Street 24, Tel Aviv-Yafo, Israel, Center District. The company also has offices abroad.