Froda, a Stockholm, Sweden-based embedded finance player, raised €20M in Series B funding.
The round was led by Incore Invest, with participation from existing investors.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Olle Lundin, Froda support business financing by making it accessible and efficient for small and medium-sized enterprises. Its embedded finance platform integrates directly with banks, neobanks and payment providers, enabling SMEs to access instant financing at the point of need.
The company partners with Mimo (UK), Lunar (Nordics) and Kontist (Germany).
Froda is a licensed credit market company under the supervision of the Swedish Financial Supervisory Authority.
FinSMEs
23/04/2025