Case Study: Froda speeds up SME loan payouts with Checkout.com

How Froda is revolutionizing the financing experience for entrepreneurs with Checkout.com

Froda, a Swedish fintech company, faced significant challenges in scaling its embedded lending platform across Europe. Their primary obstacles were navigating the continent's diverse and complex payment infrastructures and finding a way to efficiently disburse loan payouts to small and medium-sized enterprises (SMEs). To overcome this, they turned to Checkout.com and its acquiring services.

By partnering with Checkout.com, Froda integrated a card-based payment solution utilizing Network Tokens and Visa Direct. This collaboration enabled instant push payments, allowing Froda to disburse loans to customer accounts within seconds. This solution streamlined the entire process, reducing the loan application time to just 2-3 minutes and giving Froda a distinct competitive advantage over traditional banks, which can take weeks to complete the same process. Checkout.com's technology was instrumental in helping Froda revolutionize the digital financing experience for entrepreneurs.

Froda

Olle Lundin

Co-Founder and CEO