Froda Funding News- Sweden-based Froda Raises €20M In Series B Round

The round was led by Incore Invest, with support from most of Froda’s existing investors.

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This is the first investment from Incore’s new fund, Incore Invest II. Froda is now a key part of their portfolio, showing Incore’s focus on supporting fintech growth in the Nordic region.

Nicolai Chamizo, founder and CEO at Incore Invest, says, “At Incore Invest, we look for businesses that are not just disrupting markets but fundamentally reshaping them. Froda is a prime example of this.”

“Its strong business strategy, impressive growth trajectory and industry-leading partnerships make it a standout investment for us. We are proud to support Froda as they expand across Europe and continue to scale.”

Froda plans to use the new funding to grow across Europe, expand its team, partner with more embedded finance providers, and offer smart, data-based financing to more small and medium-sized businesses (SMEs).

The funding comes at a time when raising money is tough for many fintech companies. Froda’s success shows that investors still believe in embedded finance as a strong model for future growth.

Olle Lundin, co-founder and CEO at Froda, says, “We’re in the middle of a pivotal growth phase for Froda, and seeing strong demand from both new and existing partners across Europe. With Incore Invest’s backing, we can accelerate our growth and scale our partnerships to continue supporting SMEs with the financing they need.”

Lundin adds, “Our goal has always been to make financing easier, fairer and more accessible, and the additional funding allows us to double down on that mission.”

About Froda

Froda is a tech company that helps entrepreneurs by making it easier for small businesses to get financing. They use digital technology and machine learning to remove old financial barriers and give fair support to all business owners.