FIDOR FZCO
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
FIDOR FZCO is a consultancy firm that provides advisory services in relation to digital banking, to enable banks and other companies to evaluate, enhance and establish digital banking propositions.
What is our funding objective?
To co-fund the services of FIFOR FZCO to support Fidelity Bank Ghana Ltd. with the development of its Strategy for Digital Financial Services, enabling it to widen its market reach through new customer acquisition using a cost-effective model.
Why do we fund this investment?
For FIDOR FZCO to support Fidelity Bank’ s strategy for digital financial services and build its capacity for better serving their customers. FMO is co-funding this through its Capacity Development Program because this is one of our priority areas as we believe that digital transformation and, in particular financial inclusion, is one of the crucial topics for our customers in the future. Through Agent Banking channel, Fidelity Bank is providing easy to access inclusive digital financial services to the underserved and unbanked marginal community of Ghana, thus bringing them under the formal financial umbrella.
- Country
- Global
- Sector
- Financial Institutions
- Effective date
- 5/27/2020
- End date
- 2/10/2022
- Total FMO financing
- EUR 0.08 MLN
- Funding
- FMO NV