Fido, the leading online financial services company that prides itself in empowering individuals and entrepreneurs to capture opportunities in the country, has consolidated its position as one of the top licenced online lending app in Ghana.
Licenced by the Bank of Ghana and certified by the Data Protection Commission of Ghana, Fido has an enviable track record of providing safe, innovative, inclusive and easy to access loans.
Fido joins the Bank of Ghana and Data Protection Commission of Ghana’s call to caution the public from unlicenced lending applications, and offer advice and guidance on how to choose a lending partner.
“As Fido remains committed to fostering financial literacy and responsible lending practices, it is excited to announce the upcoming 2nd edition of FIDO Money Matters – an initiative aimed at improving financial literacy. This edition will focus on the rights of borrowers as well as how to protect personal information,” said Solomon Agbemenya, Head of Business Development.
“We also want to share key considerations before applying for an online Loan. This includes researching whether a potential lender is licenced by the Bank of Ghana, reading the terms and conditions of the financial service provider, and having a clear understanding of their interest rates and fees.
“In addition, customers should find out if a lender has strong data protection and security measures, like a privacy policy that spells out how their data will be used. Be on the lookout for lenders who ask you for money before giving out loans, and also read reviews and customer experiences about their reputation, customer service and overall experiences.”
Since it began operations in Ghana, Fido has served over half a million customers and distributed about 3 million loans.
Built on advanced technology that enables fast, easy to access financial services, Fido’s financial platform and unique machine learning model makes instant credit decisions – even for customers with no financial record, while reducing operating operational costs.
The company recently introduced Fido Score, which shifts power back to customers by empowering them to build and maintain a digital financial track record. The Score helps individuals and entrepreneurs take control of their finances and adopt smart financial habits.
Getting the Fido App is very easy. Just download the Fido App from Google Play or Apple store, register your details to create your account, and follow all the needed guidelines to successfully apply for your first loan.
Fido emphasises that it will not request money from customers before granting a loan, does not ask customers to call any phone number to apply for loans, and highlights that the official Fido Facebook and Twitter pages are verified. Additionally, Fido clarifies that it is not present on Telegram, does not send WhatsApp messages, and establishes that *998# is the official Fido short-code. These measures aim to ensure that everyone is safe and don’t fall for scammers who pretend to be Fido.
