Froda has secured €20 million in Series B funding led by Incore Invest to enhance its innovative business financing solutions for SMEs across Europe.

Target Information

In April 2025, Froda successfully closed a €20 million Series B funding round, spearheaded by Incore Invest. Established in 2015, Froda is committed to revolutionizing the business financing landscape by making it more accessible and efficient for small and medium-sized enterprises (SMEs). The company aims to empower business owners from diverse backgrounds to actualize their ideas. By harnessing cutting-edge digital and technological innovations, Froda has streamlined the loan process, reducing what used to take months down to mere minutes. This ensures that financing is not only rapid and efficient but also inclusive and available on fair terms. Currently, Froda is recognized as one of Europe's fastest-growing fintech scale-ups.

Froda has strategically expanded its operations across the Nordics, the UK, Ireland, and Germany, establishing partnerships with leading entities like Visa, Checkout.com, and Lunar. As a licensed credit institution, Froda operates under the supervision of the Swedish Financial Supervisory Authority, highlighting its commitment to regulatory adherence and sustainable growth.

Industry Overview

The fintech industry in Sweden has been on a remarkable growth trajectory, driven by increasing demand for innovative financial solutions among SMEs. Traditionally, small businesses have faced challenges in acces