Froda Alternatives & Competitors
Last updated
Froda generates $80M in revenue with 118 employees. No alternatives are published for Froda yet, so this page covers its revenue, funding and team numbers, a written breakdown of how it compares, the customers it has named publicly and its funding history.
Froda at a glance
- Revenue
- $80M
- Funding
- $34M
- Customers
- 150K
- Team size
- 118
- Founded
- 2015
How Froda compares
Mohseni referenced OnDeck as a comparable lender in the SME credit space, noting that OnDeck was a publicly traded company whose default rates, gross yield, and net interest margin were observable. According to Mohseni, OnDeck operated profitably with default rates of 10% to 15% because it charged APRs of 35% to 45%. Mohseni used this comparison to contextualize Froda's lower 16% average APR and 3% to 3.5% target loss rate as a more borrower-friendly positioning. These figures about OnDeck were stated by Mohseni and are not confirmed by OnDeck or any third party.
Mohseni also referenced merchant cash advance players as a category charging higher rates than Froda, and traditional high-street banks as charging lower rates but declining the majority of micro-business applicants. No specific competitor names beyond OnDeck were cited in the context of direct competition.
Who uses Froda
Customers Froda has named publicly in interviews, filings and case studies.
- SpareBank 1
- Worldline
Froda funding
| Date | Round | Amount | Valuation |
|---|---|---|---|
| Jan 2025 | Series B | $23M | Not disclosed |
| Jan 2023 | Series A | $11M | Not disclosed |
Froda competitors FAQ
How much revenue does Froda generate?
Froda generates $80M in revenue.
How much funding has Froda raised?
Froda has raised $34M in funding.
How many customers does Froda have?
Froda has 150K customers.
