The service was rolled out on May 9, 2025. Mimo users now have access to loans directly through their existing financial tools on the platform, enhancing operational efficiency by integrating borrowing with day-to-day business management processes without requiring separate applications or switching platforms.
This partnership addresses a critical issue for UK SMEs: limited and delayed access to financing. By embedding the loan functionality within the Mimo interface, businesses can manage liquidity more easily and efficiently. Froda’s white-labelled funding technology allows various digital platforms to integrate financing directly into their workflows. The integration simplifies the borrowing process by reducing paperwork.
Froda’s Embedded Finance product was initially rolled out in 2022 across the Nordics, UK, Ireland, and Germany, and has since been adopted by several fintechs, neobanks, and payment service providers. This collaboration marks Froda’s most significant entry into the UK SME market to date.
Looking ahead, both companies are exploring opportunities to extend this embedded lending partnership to other European markets in the near future.