Investment Summary

Fortissimo Capital Invests In ‍Fido

On June 22, 2022, growth capital firm Fortissimo Capital invested in financial services company ‍Fido

Investment Highlights
  • This is Fortissimo Capital’s 1st transaction in the Financial Services sector.
  • This is Fortissimo Capital’s 1st transaction in Ghana.

Investment Summary
Date 2022-06-22
Target ‍Fido
Sector Financial Services
Investor(s) Fortissimo Capital
Deal Type Venture

Target

‍Fido

Accra, Ghana
‍Fido is an advanced technology that enables fast, easy and secured access to digital financial services. ‍Fido's independent financial platform and unique machine learning risk models make instant credit decisions for customers with no financial track record while reducing operational costs. Fido is based in Accra, Ghana.

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Investor(S) 1

Investor

Fortissimo Capital

Tel Aviv, Israel

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2004
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Fortissimo Capital is a private equity firm that targets investments in private and public Israeli companies. The Firm looks to invest in technology-based and industrial companies that require capital to expand. Fortissimo focuses on companies operating in high growth markets with proven sales, consistent revenue streams, and strong customer bases. Fortissimo will consider a variety of transaction situations including spinouts, selling shareholders, growth capital financings, and special situations. Fortissimo Capital was formed in 2004 and is based in Tel Aviv.

DEAL STATS #
Overall 33 of 35
Sector (Financial Services) 1 of 1
Type (Venture) 6 of 6
Country (Ghana) 1 of 1
Year (2022) 1 of 3
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DATE TARGET DEAL TYPE VALUE
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Sela Software is a global Multi Cloud Service company with over two decades of track record. Sela provides professional services to clientele worldwide with active branches in Israel, Canada, the USA, India, and Singapore. The Technology Center provides consulting services to top global companies utilizing cutting-edge technologies to develop multi-discipline projects. Sela Software is based in Bnei Brak, Israel.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-07 Simplex Mapping Solutions

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Simplex Mapping Solutions collects information using aerial photographs, maps areas in 3D and allows its customers to use mapping for various purposes - mainly for a three-dimensional virtual tour of an area. The image provided by the company is similar to that of Google Maps, but with one difference - while Google displays a resolution of half a meter, with Simplex the resolution is 3 cm, so the image is clear, useful and much more natural, and from more accessible angles. Simplex Mapping Solutions is based in Herzliya, Israel.

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Mergr

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