Froda expands and selects Vilja’s banking platform for its new savings offering
The fast-growing fintech company Froda is expanding its business and is launching a savings offering service specially designed for entrepreneurs and small businesses.
– Our vision is that business loans
should be fair and simple. We have therefore developed a completely digital
service with smart credit assessment, and we are now adding a savings offering.
It is important for us to work with like-minded partners and the choice of
Vilja and their cloud-based banking services was easy. All functions and
integrations are in place in a modern flexible platform. For us, it was also
important to be and running quickly and smoothly. We are very satisfied with
the implementation of the solution, which only took six weeks, says Olle
Lundin, CEO at Froda.
Froda offers business loans adapted
especially for entrepreneurs and small businesses. The service is completely digital,
and for simple application and fair assessment, the analysis is based on
data-driven insights. Froda is the first fintech company to qualify for the Swedish
National Debt Office’s guarantee program “Företagsakuten”, a measurement
commissioned by the Government with the aim to mitigate the negative economic
effects of the coronavirus. This means that companies can apply for favorable
loans with government guarantees from Froda.
– We are very impressed by Froda’s business and proud to realize the launch of their new savings service, extra rewarding if it can help companies that are suffering in corona times. We also see this as further proof that our banking platform meets the high demands from fintech companies regarding flexibility, automation and speed, concludes Fredrik Ulvenholm, CEO at Vilja.
For more information, please contact:
Fredrik Ulvenholm, CEO at Vilja, firstname.lastname@example.org, +46 708-725 128
Olle Lundin, CEO at Froda, email@example.com, +46 709 999 228
Froda was founded in 2015 and is today one of Sweden’s fastest-growing fintech startups. Our mission is to challenge the traditional banking industry by offering a data-driven and digital financial product built specifically