Froda guarantees the $ 23 million chain for its debt financing platform for small and medium -sized companies

Photo of author

By [email protected]


Swedish start starting Exclusive He got a tour of 22.7 million dollars (20 million euros) Incore InvestIt is also based in Sweden. This step is wandering in a slight slowdown in technology investment, as well as an additional confirmation of a long -term trend towards the “built -in financing” model.

Froda operates largely in northern European countries from Finland to the United Kingdom, and provides debt financing for small companies (SMES), which is included in sectors such as markets or payment platforms. The investment will be used to provide wider European expansion.

Funding is evaluated by analyzing cash flow through bank accounts of small and medium companies, allowing lending.

“Small and medium -sized companies are a truly deprived sector in Europe … and we do it in a way that sets great conditions for small and medium -sized companies … We also offer a great user experience, which means that small and medium companies will always get funding,” said Ully Lunden, co -founder and CEO of FRCROCRONCH.

FRODA claims that it has achieved a 30 % annual customer growth (2024) and has gained a new monthly guaranteed partner.

Small and medium -sized debt financing companies that aim to small ULEND companies from Brazil, Libyis in the United States, and BankxWare include Germany.



https://techcrunch.com/wp-content/uploads/2024/04/GettyImages-1222778339.jpg?resize=1200,795

Source link

Leave a Comment