What does Froda do?
Froda offers an embedded finance platform that integrates with banks, neobanks, and payment providers, enabling small and medium-sized enterprises to access instant financing directly at the point of need.
How much did they raise?
The company raised €20M in a Series B round led by Incore Invest, with participation from existing investors, marking another milestone in its growth.
What are their plans for the money?
Froda intends to use the new funds to expand its operations and accelerate development efforts, potentially broadening its impact on providing accessible business financing for SMEs.
What have they achieved so far?
The company has already made significant progress by partnering with key players like Mimo in the UK, Lunar in the Nordics, and Kontist in Germany, and operates under the strict oversight of the Swedish Financial Supervisory Authority.
