Froda secured a €20 million Series B funding round led by Incore Invest to enhance its innovative financing solutions for small and medium-sized enterprises across Europe.

Target Information

In April 2025, Froda successfully completed a €20 million Series B funding round led by Incore Invest. Founded in 2015, Froda is dedicated to transforming business financing, making it accessible, efficient, and empowering for small and medium-sized enterprises (SMEs). The company aims to create opportunities for all business owners, regardless of their backgrounds, enabling them to turn their ideas into reality. By harnessing digital innovation, Froda has streamlined the loan process from several months to mere minutes, ensuring that financing remains swift, user-friendly, and fair.

As one of Europe's fastest-growing fintech scale-ups, Froda has strategically focused on embedded finance, expanding its operations across the Nordics, the UK, Ireland, and Germany. The company has formed partnerships with industry frontrunners such as Visa, Checkout.com, and Lunar, and is recognized as a licensed credit institution under the oversight of the Swedish Financial Supervisory Authority.

Industry Overview

The fintech industry across Europe, particularly in the Nordic region, has experienced rapid growth due to increasing demand for accessible financial services and digital solutions. SMEs are often underserved by traditional banking systems, whi