Series B Round

Froda is an embedded finance player focused on providing financing solutions for small and medium-sized businesses (SMEs) in Europe. The company aims to empower entrepreneurs by simplifying access to financing through digitization and machine learning. The recent funding will be utilized to accelerate its European expansion and enhance its data-driven financing offerings. The round was led by Incore Invest, a Stockholm-based venture capital firm, highlighting the growing interest in fintech solutions for SMEs. This funding round also saw continued support from existing investors, further solidifying Froda's position in the fintech landscape. The total amount raised in this round is approximately $22 million, reflecting the increasing demand for innovative financing solutions in the European market.