Ghana-based fintech Fido is now in search of additional growth avenues for its expansion across Africa.
Fido says that it is planning to add savings and payment products to its portfolio later this year, and to enter Uganda, its second market, as it prepares to expand to more regions across the continent.
The fintech is also set to open its second research and development centre in Ghana’s capital, Accra, which will augment its Israel branch, to help it automate most of its operations to ensure sustainability in the long term.
Fido CEO, Alon Eitan says small entrepreneurs don’t really have access to traditional banking systems.
Eitan says the payments product will be layered on top of existing payment rails, as we want to create interoperability between all the different payment rails that are popping up in different countries.