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Froda secures $23M Series B for its debt financing platform for SMEs | TechCrunch

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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
Froda, a Swedish fintech startup, has raised $23 million in a Series B funding round led by Incore Invest, with participation from existing investors such as Schibsted and the European Investment Fund. The company, which provides a debt financing platform for small and medium-sized enterprises (SMEs), plans to use the new capital to expand its operations across Europe, enhance its technology, and develop new products. Froda's platform connects SMEs with a network of banks and investors, enabling them to access loans quickly and efficiently. Since its inception in 2018, Froda has facilitated over €1 billion in loans to more than 10,000 businesses, demonstrating the growing demand for alternative financing solutions among SMEs.

Read the Full TechCrunch Article at:
[ https://techcrunch.com/2025/04/23/froda-secures-23m-series-b-for-its-debt-financing-platform-for-smes/ ]