Swedish Fintech Froda Raises €20M Series B to Accelerate European Expansion

Brite Payments is a fast-growing second-generation challenger in the European payment space. Allowing consumers to make payments using their bank account, Brite employs state-of-the-art open banking technology to process instant payments across Europe across a wide range of verticals. With connections to many of the continent’s largest banks, consumers and merchants receive their funds instantly, making online payments safer and more convenient than ever. Brite was founded and led by an experienced team of FinTech executives from the likes of Klarna, Qliro, Trustly and iZettle, to name a few.

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Mynt is a Swedish fintech offering smart company cards that simplifies expense management. Hand out a Mynt card to everybody in the company and set individual spending limits to each person, giving the CFO control over the company’s spend in real time. With full integration to the accounting system, users save both time and money by automating expense management and sending all receipts straight into the accounting system. Mynt is building smart solutions around all corporate spend that makes everyday business life easier.

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SAVR is a disruptive marketplace for savings with the ambition to create transparency and improved experiences for long-term savers. SAVR offer a fund and pension saving platform without high commission and distribution fees. On average customers pay half the fund fee compared to investments through other banks and saving services. All commissions are fully refunded to customers.

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Kameo is an investment platform that offers attractive investment opportunities for everyone. Kameo’s platform connects more than 65,000 retail and institutional investors with Scandinavian real estate developers and companies. Since its inception in 2016, Kameo has facilitated over 1,200 loans, accumulating a total value of over SEK 7 billion. The average net return for investors has been more than 9 percent annually. Kameo employs a team of 30 professionals across its offices in Stockholm and Oslo. ABG Sundal Collier and Incore Invest are strategic owners in the company.

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Froda is a Swedish fintech company offering innovative debt financing solutions to small and medium-sized enterprises (SMEs). By integrating its platform into verticals such as marketplaces and payment systems, Froda provides fast and flexible financing based on cash flow analysis, leveraging the power of SMEs’ bank accounts. With an impressive 30% year-over-year customer growth in 2024, Froda continues to expand its presence across Europe. The company aims to democratize access to financing for SMEs, offering better terms and an outstanding user experience, enabling businesses to thrive.

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