FIDO

Fido Financial Services Overview

Licensing and Mission
Fido is a financial service provider licensed by the Bank of Ghana, Bank of Uganda, and the National Credit Regulator in South Africa. Our mission is to foster growth across Africa by revolutionizing how individuals and entrepreneurs create, manage, and build wealth. Fido offers a range of instant financial services, including business credit, personal loans, savings options, and seamless payment solutions.

Services Offered:

1. Fido Business: Accelerate your business growth with Fido Biz Loans, offering up to GHS 5,000 to help move your business forward.
2. Fido Score: Take control of your financial future by building your Fido Score. This score tracks your financial habits and can unlock better offerings from Fido and our partners as you improve it.
3. Fido Savings: Prepare for the future by saving with Fido’s high-interest savings account. Watch your money grow with us.
4. Personal Credit: Instantly access a pre-approved credit line ranging from GHS 100 to GHS 3,500. The process is fast, simple, and transparent.
5. Fido Payments: Conveniently pay bills, buy data, and airtime, all while boosting your Fido Score with every purchase.
6. Refer and Earn: Spread the word! Invite friends and family to join the Fido community and earn rewards.

How to Sign Up for Fido:

1. Download the Fido App: Start by installing the app and registering.
2. Verify Your Details: Confirm your identity with a valid ID (NIN/Ghana Card) and provide your address.
3. Age Requirement: You must be over 18 years old to sign up.
4. Complete the Fido Score Assessment: Build your financial profile by completing this assessment.
5. Business Information: If you’re signing up as a business, provide the necessary business details.

Repayment Terms:

• Minimum Repayment Period: 90 days
• Maximum Repayment Period: 180 days
• Accepted Payment Methods: MTN, AirtelTigo, and Vodafone Mobile Money wallets.

How to Make a Payment:

1. Via Fido App: Log in, select ‘Make a Payment,’ and follow the prompts.
2. Via USSD Code: Dial *998# to make a payment.
3. Other Options: You can also use the MTN, AirtelTigo, and Vodafone menus. Detailed instructions are available in the Fido App under the ‘Help’ section.

Fraud Prevention Tips:

• No Deposits: Fido operates exclusively through its mobile app. Do not pay any deposits to agents.
• Use Your Own Details: Only use your own mobile money number and Ghana Card.
• Apply for Yourself: Do not apply for loans on behalf of others.

Loan Terms and Fees:

Fido’s personal credit and business loans are designed to assist with everyday needs, not long-term debt obligations. The maximum Annual Percentage Rate (APR) for the highest loan amount is 70%, based on an interest rate of 0.299% per day. A processing fee of 26 GHS per credit and a 1.4% Deductible Commitment fee are applied.

Representative Example:

• Loan Amount: GHS 3,500
• Loan Term: 180 days
• Interest: 0.299% per day, totaling GHS 1,203 over 180 days.
• Processing Fee: GHS 26
• Total Repayment: GHS 4,729
• Commitment Fee: 1.4% of the loan amount, GHS 49, deducted from the principal.

Borrowers have the flexibility to make early repayments, potentially reducing the interest.

Contact Information: For more details, reach us at +233-0596922420 or visit www.fido.money.

Privacy Assurance: Your privacy and data security are our priorities. We are certified by the Data Protection Commission and hold an ISO 27001 certification. For more information, please refer to our privacy policy.