Froda and Mimo roll out embedded SME funding in the UK
In a move set to change how UK small businesses access financing, Froda, one of Europe's fastest-growing fintech players, is now live with an embedded funding partnership with Mimo, the UK-based platform transforming financial operations for small and medium-sized enterprises (SMEs).
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This collaboration will make up to £92 million in flexible financing available to UK SMEs, with plans to expand across Europe.
Access to financing remains one of the most significant growth barriers for UK small businesses. Traditional lending is often slow, vague and disconnected from the day-to-day tools business owners rely on. Froda and Mimo aim to solve this by embedding financing directly into Mimo's financial platform, delivering financing where and when businesses need it most.
Through Froda Embedded Funding, Mimo users can now unlock flexible, instant financing directly within their existing cash flow and payments workflows, eliminating the need to switch platforms or endure cumbersome application processes. This seamless integration gives business owners greater control over their finances without the typical delays or administrative hurdles.
'We're proud to partner with Mimo as they build a smarter, more automated financial operating system for small businesses. By embedding financing directly into Mimo's platform, we're enabling UK SMEs to access the capital they need, without unnecessary complexity or paperwork,' says Olle Lundin, co-founder and CEO at Froda.
'Our goal at Mimo is simple: simplifying financial operations and cash flow management for SMEs and accountants. This partnership with Froda helps us do just that - bringing fast, flexible financing right into the financial tools our customers already rely on. It's another step toward building the modern business platform that SMEs across the UK and Europe truly need,' says Henrik Grim, co-founder and CEO at Mimo
Froda's embedded funding technology enables digital platforms like Mimo to offer instant, white-labelled, instant financing to their customers, fully integrated within existing workflows. Since launching Froda Embedded in 2022, Froda has expanded rapidly across the Nordics, the UK, Ireland and Germany, partnering with leading neobanks, fintechs and payment providers. This partnership with Mimo marks Froda's most significant UK collaboration to date and targets a critical financing gap in the SME segment.
Mimo, short for 'Money In, Money Out', is quickly becoming the default operating system for SMEs and accountants looking to manage their finances with less friction. Founded in 2023 by fintech veterans from Capchase and iZettle, the platform has grown 10x over the past year and is now used by high-growth brands like Wales Bonner and Bold Bean, as well as leading UK accounting firms.
By combining instant access to financing with automated financial operations, Mimo and Froda aim to solve one of the most persistent challenges for small businesses: managing cash flow without drowning in admin. The embedded funding integration officially went live on May 9th, with both companies now exploring opportunities to expand the partnership into new European markets.
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