Froda secures $23M Series B for its debt financing platform for SMEs

Here’s a summary of the key details from the article about Froda:

Company Details

• Startup: Froda
• Website: froda.se
• Founder: Olle Lundin (Co-founder and CEO)

Fundraising Details

• Funding Series: Series B
• Amount Raised: $22.7 million (€20 million)
• Date of Funding: Not specified in the text

Investors

• Lead Investor: Incore Invest
• Location of Investor: Sweden

Additional Information

• Sector: Fintech
• Focus: Debt financing for small and medium-sized enterprises (SMEs)
• Geographical Operation: Northern Europe (from Finland to the U.K.)

Market Context

• Froda operates in the "embedded finance" space and is focusing on expanding throughout Europe.
• The company reports a 30% year-over-year customer growth and is gaining new embedded partners monthly.

Competitors

• Similar Companies: Ulend (Brazil), Liberis (U.K.), Banxware (Germany)

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2025-04-23 11:08:25