Froda and Mimo Present Embedded SME Financing for UK SMEs
Froda is now dealing with an embedded funding partnership with Mimo to make up to ₤92 million in versatile financing available to UK SMEs, with plans to expand across Europe. In a move set to change how UK small businesses gain access to financing, Froda, among Europe’s fastest-growing fintech players, is now collaborating on an embedded funding partnership with Mimo, the UK-based platform transforming financial operations for medium-sized and small businesses (SMEs). This collaboration will provide up to ₤92 million in flexible financing to UK SMEs, with plans to expand throughout Europe.
Access to funding remains one of the most significant growth barriers for UK small businesses. Conventional lending is often slow, opaque, and disconnected from the everyday tools business owners rely on. Froda and Mimo aim to address this by embedding financing directly into Mimo’s financial platform, delivering funding where and when businesses need it most.
Through Froda Embedded Funding, Mimo users can now access 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 offers business owners greater control over their finances without the administrative hassles or typical delays.
“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: streamlining financial operations and capital 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 allows digital platforms like Mimo to offer immediate, white-labelled, instant funding to their clients, 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 crucial funding gap in the SME segment.
Mimo, short for “Money In, Money Out,” is quickly becoming the default operating system for accountants and SMEs 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 integrating instant access to financing with automated financial operations, Mimo and Froda aim to address one of the most persistent challenges for small businesses: managing capital without drowning in administration. The embedded financing integration officially went live on May 9th, with both companies now exploring opportunities to expand the partnership into new European markets.
