Co-founder Oliver Mohseni explains how Froda, a bank and SME lender in seven European markets, lends to micro businesses through banks, neobanks and software partners.
Oliver Mohseni · Froda
Published September 8, 2026Explore the lesson. Sign in to access the resource library.
Oliver Mohseni, co-founder of Froda, explains how the bank and SME lender provides embedded lending to banks, neobanks and software partners across seven European markets. He covers a $23,000 average loan, a 16% average APR, losses of around 3% and a growth path from $57M last year to roughly $80M today.
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“Also, I think that what the bank or any traditional lender does is they look for some kind of collateral for the loan. And most of these small businesses lack that they don't own property, they don't own anything that could work as collateral.”
“The average APR, just to put it into context on that is with us is 16%. So it's lower than some of the MCA players, but it's still a bit higher than the high street bank.”
“Before this current macro squeeze, we were around like 3%, it's a little bit elevated now, but we project that we will go back to around the 3%, 3.5%, that's where we want to be.”
“No, it's about 11%. We are profitable today so we don't really need to raise money.”
“The strategic decision five years ago to go for like this embedded finance play or embedded lending play was really key.”
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