In April 2025, Froda closed a €20 million Series B round led by Incore Invest and this latest investment underlines our continued confidence in Froda’s mission. Founded in 2015, Froda set out to redefine business financing by making it accessible, efficient and empowering for small and medium-sized businesses. Froda is creating opportunities for all business owners, regardless of background, to turn their ideas into reality. By leveraging digital and technological innovation, Froda has transformed the loan process from months to minutes, ensuring that financing is not just fast and efficient, but also inclusive and on fair terms. Today, Froda is one of Europe’s fastest-growing fintech scaleups. With a strategic focus on embedded finance, Froda has expanded across the Nordics, the UK, Ireland and Germany, partnering with industry leaders like Visa, Checkout.com and Lunar. Froda is a licensed credit institution under the supervision of the Swedish Financial Supervisory Authority.

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Froda is addressing a large market gap by offering more accessible credit to small businesses, offering fair terms and a smooth, user-friendly experience. The company’s growth has been impressive. Froda reported roughly 40% year-over-year growth in its Net Interest Income in 2024 and continues adding new embedded-finance partners at a steady pace.

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Nicolai Chamizo, Founder and CEO of Incore Invest, weighed in on the partnership, “Froda is a prime example of a company reshaping its market and their strong business strategy, impressive growth trajectory and industry-leading partnerships make it a standout investment for Incore." He further added: “Froda stands as a flagship example of the future of fintech and investment growth within the Nordic region, reflecting the kind of high-potential fintech that Incore is looking to support. We share this confidence in Froda’s vision and look forward to supporting the team as they scale their financing solutions across Europe.”

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This additional investment reflects Incore’s conviction in Froda’s vision and its role in transforming SME financing. Together, Froda and Incore aim to continue driving meaningful change for SMEs across Europe.

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