BII's Growth Investment Partners announces new Ghana investment
BII's Growth Investment Partners announces new Ghana investment
Growth Investment Partners is investing in Fido to boost financial inclusion in the West African country.
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Growth Investment Partners (GIP) Ghana is investing in Fido to boost financial inclusion in the West African country.
GIP is an investment platform that British International Investment launched in 2023 to provide long-term and flexible local currency financing to SMEs in Ghana.
Fido is a digital lender to low-income workers, micro-entrepeneurs and businesses who have limited access to traditional financial services.
"We are thrilled that GIP Ghana’s second investment will support the growth of Fido, a pioneering fintech company dedicated to expanding financial services to underserved communities in Ghana," says Kwabena Asante-Poku, coverage director for Ghana at British International Investment.
"We are excited to partner with a financial institution that is harnessing technology to unlock economic opportunity for the informal sector and promote sustainable, inclusive growth," says Jacob Kholi, chief executive and investment officer of GIP Ghana.
"By coupling inclusive financial services with financial educational resources, we are fostering economic opportunity while also strengthening users' financial capabilities and resilience. GIP Ghana's support will be instrumental in amplifying this holistic approach," says Alon Eitan, chief executive officer of Fido Solutions.
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