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Froda secures $23M Series B for its debt financing platform for SMEs
Swedish Fintech startup Froda has secured a $22.7 million (€20m) Series B round led by Incore Invest, also based in Sweden. The move bucks the trend of a
Largely operating in northern European countries from Finland down to the UK, Froda offers debt financing for small businesses (SMEs) and is embedded in verticals such as marketplaces or payment platforms. Olle Lundin, co-founder and CEO at Froda, told TechCrunch: “SMEs are a really underserved sector in Europe… and we’re doing that in a way which sets up great terms for the SMEs… and also we are providing a fantastic user experience, which means that an SME will always have access to financing.” He has interviewed Tony Blair, Dmitry Medvedev, Kevin Spacey, Lily Cole, Pavel Durov, Jimmy Wales, and many other tech leaders and celebrities.
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