As part of their collaboration, Juni is set to embed Froda’s technical platform and utilise its capital pool to improve its financial services and expand its reach. In addition, the partnership intends to address the difficulty of accessing financing which many small and medium-sized enterprises (SMEs) operating across Europe currently face. By leveraging Froda’s knowledge in Embedded Finance, the two companies plan to deliver more accessible and scalable solutions for businesses.
In addition, the current news is set to allow Juni to use Froda’s resources to assist its growth and provide augmented financing options to clients. Both Juni and Froda share a commitment to supporting entrepreneurs in receiving financing methods on favourable terms. The decision to partner can be attributed to an increased need for financing opportunities across Europe, as the region has over 25 million SMEs that struggle to gain access to the funds they require to grow and invest.
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