Swedish fintech startup Fraud has secured a round of Series B of twenty-two.7 million US dollars (20 million euros) Investing investmentalso based in Sweden. The Move exposes the trend of a slight slowdown in Fintech and an extra confirmation of the long -term trend towards the “embedded financial model”.
Froda is generally in Northern European countries from Finland to Great Britain in Great Britain and offers debt financing for small businesses (SMEs) and is embedded in industries reminiscent of marketplaces or payment platforms. The investment is used to fireplace the broader European expansion.
Financing is evaluated via a money flow evaluation via the bank accounts of an SME in order that the lending can happen.
Olle Lundin, co -founder and CEO of Froda, told Techcrunch: “SMEs are a really under -provision sector in Europe … and we do this in a way that has great terms for SMEs … and we also offer a fantastic user experience, which means that SME always has access to funds.”
Froda claims to have a 30% customer growth in comparison with the previous yr (2024) and to have won a brand new embedded partner per thirty days.
Similar SME freight financing firms which might be aimed toward small firms are ulend from Brazil, Liberis within the USA and banxware in Germany.
 Series B round led by Incore Invest, also based in Sweden. The move bucks the){kind=link}