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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 slight slowdown in investments into fintech, plus a further confirmation of the long-term trend towards the ’embedded finance’ model.
Largely operating in northern European countries from Finland down to the UK, Froda offers debt financing for small businesses (SMEs) and is embedded in verticals such as marketplaces or payment platforms. The investment will be used to fuel broader European…
