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

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Swedish Fintech startup Froda has secured a $22.7 million (€20m) Series B round led by Incore Invest, also based in Sweden. The move bucks the trend of a slight slowdown in investments into fintech, plus a further confirmation of the long-term trend towards the ’embedded finance’ model. 

Largely operating in northern European countries from Finland down to the UK, Froda offers debt financing for small businesses (SMEs) and is embedded in verticals such as marketplaces or payment platforms. The investment will be used to fuel broader European…



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


Swedish Fintech startup Froda has secured a $22.7 million (€20m) Series B round led by Incore Invest, also based in Sweden. The move bucks the trend of a slight slowdown in investments into fintech, plus a further confirmation of the long-term trend towards the ’embedded finance’ model. 

Largely operating in northern European countries from Finland down to the UK, Froda offers debt financing for small businesses (SMEs) and is embedded in verticals such as marketplaces or payment platforms. The investment will be used to fuel broader European…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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