Uber and Fido crew as much as provide immediate loans to Ghanaian drivers

Uber drivers in Ghana can now entry immediate loans of as much as GH₵10,000 ($920)  following a partnership between the ride-hailing platform and Fido,  a Ghana-based fintech platform that gives immediate loans, financial savings merchandise, and microinsurance.

The partnership permits eligible drivers to use for loans by means of Fido’s digital platform with out collateral or in depth paperwork, giving drivers faster entry to working capital to help their every day operations.

 This transfer comes as ride-hailing drivers in Ghana grapple with rising monetary strain. Gasoline, upkeep, and platform commissions eat into their earnings, leaving little room for surprising bills. Many work lengthy hours to interrupt even and, with earnings stretched skinny, wrestle to put aside sufficient for repairs or funding.

“By partnering with Fido, we’re enabling drivers on the Uber platform to entry credit score that’s quick, clear, and tailor-made to the realities of working their enterprise,” Jada Badu, nation supervisor for Uber Ghana, mentioned. “This help provides drivers higher monetary flexibility to handle day-to-day operational wants, keep their autos, and keep on the highway with confidence. In the end, it’s about serving to drivers function extra effectively and unlock extra constant and sustainable incomes alternatives.”

 Beneath the partnership, eligible drivers can begin with smaller credit score limits, which may improve over time primarily based on disciplined reimbursement behaviour. Loans require minimal documentation, no collateral, and are processed shortly to make sure drivers can cowl pressing operational prices similar to automobile repairs, gas, and different day-to-day bills.

Past loans, the partnership additionally provides qualifying drivers entry to further monetary merchandise Fido provides, together with free insurance coverage cowl, discounted airtime and knowledge bundles, and versatile financial savings by means of EasySave, a product developed in partnership with Entry Financial institution.

EasySave permits drivers to earn returns on financial savings whereas sustaining the pliability to withdraw funds with out charges, a construction designed to help the irregular revenue patterns frequent amongst gig-economy staff.

“Via Uber’s platform, we’re reaching a neighborhood of digitally energetic entrepreneurs who face obstacles to conventional banking companies, together with restricted formal credit score histories and overbearing documentation necessities. Our machine-learning-driven underwriting mannequin permits us to increase immediate credit score responsibly whereas fostering long-term monetary self-discipline,” Philip Twum, head of enterprise improvement at Fido, mentioned. 

Launched in 2015 by Nadav Topolski, Tomer Edry, and Nir Zepkowitz, Fido supplies digital loans utilizing machine-learning-driven credit score evaluation instruments. The corporate focuses on serving people and small entrepreneurs who’ve restricted entry to formal banking companies. It says it at present serves greater than 400,000 prospects in Ghana and has expanded its operations to nations together with Uganda, Zambia, and South Africa. 

The partnership with Uber is Fido’s newest collaboration within the ride-hailing sector. In 2025, the corporate partnered with Bolt in Ghana to offer credit score options to drivers, highlighting its give attention to delivering monetary companies tailor-made to the wants of gig-economy staff.

Throughout Africa, ride-hailing platforms are more and more partnering with fintech and healthtech corporations to enhance driver welfare. In Nigeria, inDrive lately partnered with healthtech startup Heala to offer drivers with entry to healthcare companies instantly by means of the app. Mobility corporations like Bolt and Chowdeck have additionally launched insurance coverage merchandise and different monetary companies for drivers, reflecting a rising development of platforms offering help past trip earnings.