Froda

Froda is a Swedish fintech company founded in 2015 that specializes in providing financing solutions to small and medium-sized enterprises (SMEs). They offer business loans up to 15 million SEK, with a focus on providing quick, easy, and affordable financing. Froda stands out from traditional banks by offering a fully digital application process, instant loan decisions, and same-day payouts. Their business model is built on shared incentives, meaning they don't charge hidden fees or surprises, and they are committed to objective assessments, promoting diversity and inclusion among their borrowers.

In addition to traditional business loans, Froda also offers embedded financing services through Froda Embedded, which allows partners to integrate their lending platform into their own products under their brand. This provides a wider range of financing options for SMEs, further solidifying Froda’s position as a leader in the Swedish fintech space. Their focus on innovation, transparency, and responsible lending practices has earned them a reputation as a reliable and trustworthy partner for businesses seeking to grow.

Froda allows for flexible work arrangements, enabling employees to pause their amortization on loans for up to 6 months, adjust their repayment schedule as needed, and make extra payments to pay off their loan early. These features give employees control over their financial commitments and flexibility in managing their work-life balance.

Froda is a Swedish fintech company committed to democratizing access to finance and empowering entrepreneurs to grow their businesses. They aim to level the playing field for small and medium-sized enterprises (SMEs) by offering streamlined, objective financing solutions, eliminating unnecessary barriers and promoting diversity and inclusion. Froda's mission is to ensure that every entrepreneur has the opportunity to realize their dreams, regardless of their background or the size of their business.

Froda promotes a culture of transparency, accessibility, and shared success. They are committed to being a responsible lender, offering clear and straightforward terms with no hidden fees, and prioritizing objective assessments over traditional credit scoring. They value diversity and inclusion, believing that everyone deserves the opportunity to succeed in business. Froda's focus on shared incentives means that they prosper when their customers prosper, creating a collaborative and supportive environment for entrepreneurs.

Froda emphasizes objective assessments based solely on a company's sales and data, eliminating biases associated with demographic factors like gender, ethnicity, and networks. This approach promotes diversity and inclusion by ensuring a fair evaluation process that benefits all entrepreneurs regardless of background. Froda's commitment to objective assessments creates a level playing field, fostering a more diverse and equitable entrepreneurial landscape.