Company Profile
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About
Fido is a neobank aiming to deliver credit and other financial services and empowers individuals and entrepreneurs to capture financial opportunities in Africa. Fido is building financial inclusion and providing access to financial services for entrepreneurs by automating the whole customer journey from onboarding to credit analysis and even providing financial guidance. The company's autonomous banking platform and unique machine learning-risk models, make instant credit decisions even for customers with no financial track record while helping reduce operational costs. Fido’s autonomous banking system relies on mission-critical, real-time machine learning models for risk scoring and fraud detection, based on non-financial data, to approve or reject a loan in real-time, and simultaneously deliver market-leading default rates. The Fido app is fast, data-driven, low latency, and built on a distributed cloud architecture, helping boost accessibility to financial services to unbanked regions. Fido's core product is a set of state-of-the-art machine learning models, making real-time credit and fraud decisions based on proprietary alternative data.
