Froda and Mimo bring embedded SME loans to UK to ease access to credit

By Puja Sharma

Froda, a Scandinavian FinTech specialising in embedded lending solutions, has partnered with UK-based financial management platform Mimo to roll out an integrated finance offering aimed at small and medium-sized enterprises (SMEs) in the UK. This collaboration enables Mimo users to access business loans directly from within the platform, eliminating the need to navigate cumbersome bank procedures or switch between systems.

The embedded lending function is seamlessly woven into Mimo’s interface, allowing SMEs to manage their day-to-day finances and apply for funding in one place. By reducing the steps involved in securing credit, the partnership significantly reduces application time and increases convenience—two persistent challenges for small businesses seeking quick, flexible financing.

Traditional lending channels often present high barriers to entry for SMEs, with lengthy documentation, rigid credit checks, and drawn-out approval processes. Froda and Mimo aim to address this gap through a more intuitive and tech-enabled solution, which can help more businesses unlock the capital they need to grow or manage cash flow effectively.

This move reflects a broader shift in the FinTech landscape, where embedded finance is gaining momentum by integrating financial services into non-banking platforms. Rather than visiting a bank or even opening a separate lending app, SMEs can now secure loans within the same digital environment they use to run their operations.

The initiative not only enhances user experience but also supports financial inclusion and SME resilience across the UK. Both companies have signalled that this launch is just the beginning, with further innovations expected to bolster the SME lending ecosystem in the coming months.

The partnership underscores how FinTech is reshaping business finance—making access to credit faster, simpler, and more aligned with the needs of modern enterprises.