"Froda secures additional funding for its series B round to broaden the availability of small business finance solutions throughout Europe"
Froda, a leading European embedded finance fintech, has successfully raised €20 million in a Series B funding round led by Stockholm-based Incore Invest. This investment comes as Incore Invest recognises Froda's strong business strategy, impressive growth trajectory, and industry-leading partnerships.
The funding round received ongoing backing from the majority of Froda's existing investors. Incore Invest's CEO, Nicolai Chamizo, expressed his pride in supporting Froda as it expands across Europe and continues to scale.
Olle Lundin, co-founder and CEO of Froda, stated that the company is in a pivotal growth phase, seeing strong demand from both new and existing partners across Europe. He confirmed that the funds will be used to scale Froda's operations, onboard new embedded finance partners, and expand into additional European markets.
As part of its expansion strategy, Froda is expected to capitalize on growing investments in fintech across Europe, particularly in markets such as France, Germany, Luxembourg, and the Nordics. The company aims to deepen its market presence, expand its product capabilities, and participate in or lead efforts to harmonize and expand digital finance services cross-border within Europe.
Froda's embedded finance platform integrates directly with banks, neobanks, and payment providers to enable SMEs to access instant financing "at the point of need". In February this year, Froda expanded its partnership with digital challenger bank Lunar into Sweden, and customers of Lunar can now gain access to and benefit from Froda's embedded SME lending solution.
Incore Invest, having launched its second fund, Incore Invest II, dedicated to accelerating the growth of fintech, SaaS, and embedded finance companies, is well-positioned to support Froda's ambitious expansion plans. The partnership with Incore Invest will help Froda accelerate its growth and scale its partnerships to continue supporting SMEs with the financing they need.
Froda's mission is to make financing easier, fairer, and more accessible. With its Series B funding, the company is poised to make a significant impact in the European fintech landscape, furthering its goal to revolutionise the way SMEs access financing.
Sources:
- European fintech hubs to watch in 2025
- Froda raises €20 million in Series B funding
- The rise of embedded finance in Europe
- AI and compliance driving fintech innovation in Europe
- Fintech funding in Europe reaches record highs in 2025
- Incore Invest II, a dedicated fund for fintech, SaaS, and embedded finance companies, will aid Froda in accelerating its growth, aligning with Froda's mission to make financing easier, fairer, and more accessible.
- Froda's strategic expansion into various European markets such as France, Germany, Luxembourg, and the Nordics accentuates its commitment to capitalize on growing fintech investments in Europe.
- The success of Froda's Series B funding round, led by Incore Invest, demonstrates investor confidence in Froda's strong business strategy, impressive growth trajectory, and industry-leading partnerships.
- Froda's embedded finance platform integrates with banks, neobanks, and payment providers to provide instant financing to SMEs "at the point of need," as evidenced by its recent partnership expansion with digital challenger bank Lunar in Sweden.
- Anticipating a flourishing fintech landscape in Europe by 2025, Froda intends to deepen its market presence, expand product capabilities, and actively partake in efforts to harmonize and expand digital finance services cross-border within the continent.
