Fidelis Finance
Financial solutions for productive business equipment financing.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | N/A | €4.3m | Convertible |
| Total Funding | 000k | ||
Related Content
Fidelis Finance is a banking credit institution operating within the West African Economic and Monetary Union (WAEMU), with a presence in Burkina Faso and Côte d'Ivoire. Initially founded in 1996 as Burkina Bail, the company was renamed Fidelis Finance in 2014 following the entry of new shareholders. The group is led by Dr. Abdoulaye Kouafilann Sory, who has served as the Administrator and CEO since 2000.
The institution specializes in providing financing for the productive equipment of Small and Medium-sized Enterprises (SMEs) and Small and Medium-sized Industries (SMIs). Its business model revolves around offering financial services tailored to the investment and cash flow requirements of these businesses. The core product suite includes leasing, credit facilities, rent-to-own options, long-term rentals, factoring, invoice discounting, and payment guarantees. Fidelis Finance serves a diverse range of sectors, including agriculture, construction (BTP), renewable energy, industry, services, tourism, and transport.
The company is pursuing a strategic plan, "CAP25," with the goal of transforming into a universal bank, pending regulatory approval. This transition is supported by a significant capital increase and investment from partners like the Yeelen Financial Fund. As part of its expansion, Fidelis Finance has also launched a microfinance subsidiary, AfriCred SA, to extend its services to very small businesses and initiatives led by women and youth. The company's shareholder and partner base includes prominent regional and international institutions such as the African Development Bank (AfDB), West African Development Bank (WADB/BOAD), ECOWAS Bank for Investment and Development (EBID/BIDC), and the SUNU Insurance Group.
Keywords: SME financing, equipment leasing, factoring services, West Africa finance, business credit, WAEMU financial institution, long-term rental, payment guarantees, investment financing, cash flow solutions, invoice discounting, Burkina Faso finance, Côte d'Ivoire finance, corporate credit, asset financing, trade finance, rent-to-own, agricultural finance, industrial finance, transport finance, construction finance