Froda has expanded its partnership with the European Investment Fund (EIF), securing an additional lending capacity of €100 million, bringing the total guarantee to €150 million. This expanded partnership aims to address the SME financing gap in Europe and empower 10,000 SMEs across all 27 EU member states. Froda's vision is to create a financing ecosystem that fosters cross-border expansion and supports the growth of small businesses.
Company Information
Company
Froda
Location
Stockholm, Stockholm County, Sweden
About
Froda was founded in 2015 and is today one of Sweden’s fastest-growing fintech startups. Our mission is to challenge the traditional banking industry by offering a data-driven and digital financial product built specifically for entrepreneurs — a segment widely neglected by traditional banks.
We are a mix of individuals with a wide range of backgrounds from tech and finance — including Klarna, Spotify, Google, and King. As a company, we have a strong entrepreneurial spirit and foster an open culture where we can have insanely fun and still learn and grow faster than anywhere else. Above all, we are dedicated to our mission of transforming the banking industry for the better.
StockholmFinancial ServicesFintechLendingAnalytics