Finfrog, the French fintech company specializing in personal financing, has raised 30 million euros in funding from Isai and Raise. Founded in 2016 by Riadh Alimi, Finfrog provides a responsible microcredit solution to individuals who need a small sum of money to finance a project or deal with an unexpected expense. With its 100% online credit platform, loan applications take only 5 minutes to complete, clients receive a response within 24 business hours, and funds are released instantly.
This funding round will enable Finfrog to expand its team in Paris and gain new market share in the microcredit sector. Isai is a venture capital firm that invests in early-stage startups in France and Europe. The firm has a portfolio of more than 250 companies, including BlaBlaCar, Evaneos, and Voodoo. Raise is a French investment firm that supports entrepreneurs in the creation, development and growth of their companies. The firm has invested in more than 160 companies, including BackMarket, Glovo, and Lydia.
Finfrog's mission is to provide access to affordable credit to people who have been excluded from the traditional banking system. The company's innovative digital platform enables it to provide loans quickly and easily, while maintaining a strong focus on responsible lending practices.
With this new funding, Finfrog is well-positioned to accelerate its growth and continue to make a positive impact on the lives of individuals who need access to credit.