Image - 30 November 2022

European_Commission.svg

License:: Media Use
The content may be downloaded by journalists, bloggers, columnists, creators of public opinion, etc. It can be used and shared in different media channels to convey, narrate, and comment on your press releases, posts, or information, provided that the content is unmodified. The author or creator shall be attributed to the extent and in the manner required by good practice (this means, for example, that photographers should be attributed).
File format:: .png
Size:: 2560 x 1775, 273 KB

Download

Contacts

Ellen Freij

Press contact PR & Communications Manager ellen.freij@froda.se +46762146147

Froda receives funding under the EaSI programme – providing another SEK 500 million to Swedish micro-entrepreneurs

Swedish fintech company Froda has received financial backing under the Funded Instrument of the EU programme for Employment and Social Innovation (EaSI) in order to keep supporting innovative small-businesses in Sweden. The operation is co-funded by the European Union, the European Investment Bank (EIB) and the European Investment Fund (EIF). Thanks to this support, Froda is able to provide over S

18 April 2024 06:00

Micro-financing in Nordics gets SEK 560 million boost with EIF guarantee for Froda

Swedish bank Froda gets EIF guarantee enabling SEK 560 million in new lending to micro-entrepreneurs in Sweden, Denmark and Finland. Transaction backed by the European Union’s InvestEU programme. Froda to support around 3,500 small businesses with advantageous micro-loans.
Froda received European Investment Fund (EIF) backing to expand lending to micro companies in the Nordics by SEK 560

About Froda

Froda was founded in 2015 with a clear mission – to democratize the access to financing and provide small and medium-sized businesses with the same opportunities to grow as large ones. Through digital processes and technological innovation, Froda has shortened the loan process from months to minutes, making it easy for entrepreneurs to invest in their ideas. Today, Froda is one of Sweden's fastest-growing tech companies with a 1.7 billion SEK valuation and well known investors such as Karl-Johan Persson, Nicklas Storåkers and Victor Jacobsson among the owners. In 2021, Froda launched a strategic initiative within embedded financing and through it, we have expanded to the Nordics, Germany, Ireland, and the UK, and have established partnerships with Visa, Lunar, and Checkout.com, among others. Froda is a credit market company regulated by the Swedish Financial Supervisory Authority. Learn more at froda.se.