MyMoney
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By integrating Froda Embedded into its platform, MyMoney can provide fast, flexible financing directly to their customers, allowing them to seamlessly finance their inventory purchases.
MyMoney is a inventory financing provider that focuses on solutions targeting the car dealerships market. Buying inventory as a car dealer requires a lot of liquidity, but the sector is often overlooked by traditional lenders. MyMoney solves this problem with its inventory financing solution that runs on Froda Embedded.
“In Froda Embedded, we found a partner that shares our entrepreneurial mindset and customer-first approach,” says Alma Persson, Head of Inventory Finance at MyMoney. “Froda Embedded has played a key role in expanding our financial offering. The partnership has really accelerated our growth and strengthened our position on the market."
Since the launch of the partnership, MyMoney has supported over 400 businesses, financed more than 30,000 cars and paid out over 3 billion SEK. Customers praise the speed and simplicity, and many of them return time and time again – with the average customer taking 37 loans.
"I would recommend Embedded for anyone looking for an embedded financing partner. The partnership has been highly successful and the team always go the extra mile to make sure that everything runs smoothly."
