Froda Expands and Selects Vilja's Banking Platform for Its New Savings Offering
- Banking , Security
- 28.09.2020 08:09 am
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.