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  • Emil Sunvisson

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    Qred hits 1bn SEK revenue - and makes the FT1000 yet again

    Stockholm, February 28, 2025 As Qred celebrates 10 years of empowering small businesses, we are proud to announce that we have exceeded 1 billion SEK in annual revenue. While much of fintech chases venture capital, we’ve focused on real customers and real impact. With our expansion into Germany and the growth of our small business credit card, we’re set to double our growth. Proving that real impact beats hype every time.While much of the fintech world has been busy burning billions of venture capital and celebrating yet another funding round, Qred embarked on a different trailhead

    Qred extends its reach with 3.1 million German SMEs

    Small businesses often struggle to access quick and flexible financing. Qred, the small business bank, offers business loans tailored to the needs of small business owners. Qred provides quick approvals and payouts, helping businesses grow more effectively. Now Qred enters the German market. Stockholm, September 25, 2024 – Qred is now extending its presence in Europe and is launching in Germany. Small businesses in Germany will now have access to Qred's fair and efficient business loans, enabling more small and medium-sized enterprises to grow and develop.  The economic

    Qred raises its loan limit — aims to provide greater flexibility

    Qred, the bank for small businesses, is increasing the maximum amount for business loans. Small business owners can now apply for loans of up to 5 million SEK. Stockholm, June 12, 2024 - Qred, Europe's newest bank, is raising the loan limit for small business owners. Customers can now apply for loans up to 5 million SEK, an increase of 3 million SEK from the previous maximum amount. The increase is part of Qred's ongoing effort to better meet the needs of small business owners and support their business goals. "We have seen increased demand from small business owners for larger

    Qred wins Nordic Scaleup Award 2024

    This week Qred was honored with the Nordic Scaleup Award 2024. The award recognizes Qred’s growth and impact as the newest small business bank  in the Nordic region, where they have distinguished themselves among 82 nominated companies. Stockholm, May 31, 2024 — This week Qred, the newest bank for small businesses, received the prestigious Nordic Scaleup Award 2024. The award, which gathered some of the most successful growth companies in the Nordics, had a total of 82 nominated companies, of which six reached the final. Among the finalists were three Finnish, two Swedish, and

    Qred to offer Sweden’s highest interest on saving accounts with bank guarantee

    Stockholm, April 25, 2024 - Qred, Europe’s newest bank and one of Sweden’s fastest growing companies, announces the expansion of its product offering to include savings accounts for individuals in Sweden. This strategic move further strengthens Qred's commitment to meeting the diverse financial needs of its audience.  Qred are now offering a reliable and convenient option for individuals looking to grow their finances. With competitive interest rates and flexible deposit options, the savings accounts are tailored to meet the diverse needs of the customers. Qred’s user-friendly

    Qred strengthens its senior management team with two new talents

    Qred, Europe’s newest bank for small businesses, is pleased to announce Dhanush Raja Lakshmanmurthy as its new Chief Marketing Officer (CMO) and Amanda Gormaz as Chief Human Resources Officer (CHRO) Stockholm, March 4, 2024 - Qred is today announcing the appointment of two additions to its senior management. Dhanush Raja Lakshmanmurthy as the new CMO, and Amanda Gormaz as CHRO.  Dhanush came most recently from Zettle by PayPal, where he operated as Brand Marketing Manager. Dhanush started his journey at Qred as Head of Digital Marketing and later stepped up as interim CMO in

    Qred is expanding to Germany with the launch of savings accounts, demonstrating continued profitable growth

    Stockholm, November 30, 2023 - Qred, Europe's newest bank and one of Sweden's fastest-growing fintech companies, is now entering the German market with the launch of savings accounts for individuals. Through its recently activated banking license, Qred is positioning itself to reduce cost of capitaland expand its support to small businesses across Europe. At the same time, Qred continues to report strong growth figures in the recently published interim report. Qred's savings accounts for individuals are now available through Raisin Bank on the German platform Weltsparen and

    Qred Holding AB (publ) announces intention to redeem its outstanding senior secured callable floating rate bonds

    Qred Holding AB (publ), Reg. No. 559031-0685 (the “Company”), has today exercised its option to redeem its outstanding bonds with ISIN SE0017562440 (the “Bonds”) early. Redemption of the Bonds will occur on 30 November 2023 (the “Redemption Date”). The Company will redeem the Bonds at an amount per Bond equal to 104.250 per cent. of the Nominal Amount (together with accrued but unpaid interest on the Bonds up to and including the Redemption Date) in accordance with the terms and conditions of the Bonds (the “Redemption Amount”). The Redemption Amount will be paid to each person who is

    Qred becomes Europe’s newest bank and welcomes Mattias Carlsson as Chair of the board

    Qred, Sweden’s fastest growing fintech company, activates its banking  license today and becomes Europe’s newest bank for small businesses. In addition to  this milestone, Qred re-appoints Mattias Carlsson as the Chair of the board. Stockholm, October 2, 2023 – Qred, Sweden’s fastest growing fintech company according to Financial Times, is thrilled to announce that the banking license the company acquired in May is now activated and the company is officially a bank. In addition to this, Qred is re-appointing Mattias Carlsson, former long standing CEO of TF Bank, as Chair of the

    Qred's interim report Q2 2023

    Qred continues profitable growth, as operating income increased by 33% to SEK 182.1m compared to the same period last year and operating profit amounted to SEK 8.3m. The number of active users increased 16% to 18 107 by the end of the quarter. Values for the same period the previous year are stated within brackets. April - June 2023 · The number of active users increased by 16% to 18 107 (15 568) · Operating income increased by 33% to SEK 182.1m (137.0) · Commission income increased by 82% to SEK 135.3m (74.3) · Interest income decreased by 20% to SEK 54.0m (

    Qred's interim report Q1 2023

    Qred continues to grow, as operating income increased by 40% to SEK 164.7m compared to the same period last year. The number of active users increased 19% to 17 235 by the end of the quarter. Values for the same period the previous year are stated within brackets. January - March 2023 · The number of active users increased by 19% to 17 235 (14 512) · Operating income increased by 40% to SEK 164.7m (117.8) · Commission income increased by 80% to SEK 128.0m (71.2) · Interest income decreased by -4% to SEK 55.9m (58.3) · Operating profit amounted to SEK 0.1m (

    AI-powered lender Qred to be Europe’s newest bank

    Qred, the fastest growing fintech company in Sweden, is proud to announce that it has been granted a full license to conduct banking operations. The company applied in October 2022 and the application was approved in only seven months. Stockholm, May 25, 2023 - Qred, recognized four times consecutively on the Financial Times list of Europe’s fastest growing companies, has been granted a full bank license by the Swedish Financial Supervisory Authority (SFSA). Using its proprietary AI-powered financing platform, Qred has since inception in 2015 issued over 100,000 loans to small

    Qred appoints Kristoffer Straume as new CFO

    Stockholm, May 9, 2023 - Qred, the fastest growing fintech company in Sweden according to Financial Times, has appointed Kristoffer Straume as new Chief Finance Officer (CFO). Kristoffer joined Qred over a year ago as Head of Treasury and is now taking on the role as CFO.  “With a strong analytic skill and a solid track record from several reputable banks, Kristoffer is the perfect fit for the role. Kristoffer joined Qred in January 2022 and has been doing an amazing job as our Head of Treasury and is now taking a more strategic role. I’m happy to continue to work closely

    Qred proposes Caroline Farberger as new board member

    Stockholm, May 2, 2023 - Qred proposes Caroline Farberger as a new board member ahead of the Annual General Meeting on May 30, 2023. Qred, the fastest growing fintech company in Sweden according to the Financial Times, is the leading financing platform for small businesses in 6 markets in the Nordics and Benelux. Now Caroline Farberger is elected to the board. Caroline Farberger has more than 25 years of experience from the financial industry, including from ICA, where she started and built the group's insurance operations. In addition to this, Caroline has extensive

    Qred appoints Therese Reuterswärd as new CMO

    Stockholm, March 13, 2023 - Qred, the fastest growing fintech company in Sweden according to Financial Times, has appointed Therese Reuterswärd as new Chief Marketing Officer (CMO). Therese most recently worked as CMO at Mentimeter. “I’m proud to announce that Therese Reuterswärd has joined Qred’s senior management team as our new Chief Marketing Officer. Therese has a broad marketing expertise and a strong track record from leading high performing marketing teams. I’m confident that Therese will help Qred to reach our long term goal to become the leading European small

    Financial Times names Qred one of the fastest growing companies in Europe - fourth year in a row

    Once again Europe’s leading small business financier, Qred, made it onto the Financial Times’ list of the 1,000 fastest growing companies in Europe. This makes it the fourth year in a row for the fintech company, something that no other Swedish-founded company has accomplished before. Stockholm, March 2, 2023 - When the Financial Times today published its list of Europe’s 1,000 fastest growing companies Qred, the leading small business financier in the Nordics and Benelux, made it onto the list for the fourth consecutive year. Qred top-ranked among the Swedish fintech companies,

    Qred’s growth continued through 2022 - increased operating income by 49%

    Qred continues to grow, as operating income increased by 46% to SEK 154.5m compared to the same period last year. The number of active users increased 23% to 16,517 by the end of the quarter. Values for the same period the previous year are stated within brackets. October - December 2022 · The number of active monthly users increased by 23% to 16 517 (13 483) · Operating income increased by 46% to SEK 154.5m (105.7) · Commission income increased by 54% to SEK 102.3m (66.3) · Interest income increased by 27% to SEK 65.0m (51.4) · Operating profit amounted to

    Qred Holding AB (publ) carries out a directed share issue

    Stockholm, 20 December, 2022 - The board of Qred Holding AB (publ), org. no. 559031-0685, has decided to use the remaining right to carry out a directed share issue to Nordic Capital Evolution, which brings Qred a total of EUR 10,000,000. The share issue is directed to, and will be fully subscribed by, Nordic Capital Evolution. The decision has been made with the authorization of the AGM on 30 May 2022. Qred will obtain EUR 10 million of additional equity capital, which will enable continued growth of the company by expanding its financial platform for small businesses as well as the

    Interim report Q3 2022

    Qred continues to grow, and the operating income increased by 47% to SEK 145.1m compared to the same period last year, while the period's net income amounted to SEK 13.7m. The number of active users increased 30% to 16 374 by the end of the quarter. Values for the same period the previous year are stated within brackets. July - September 2022 · The number of active monthly users increased by 30% to 16 374 (12 568) · Operating income increased by 47% to SEK 145.1m (98.5) · Commission income increased by 40% to SEK 85.3m (61.1) · Interest income increased by 49%

    Qred starts offering financing for green investments

    Qred, one of the fastest growing fintech companies in Europe, is now offering financing for green investments to small businesses. The goal is to help small businesses to become more green and sustainable. Copenhagen, 12 October 2022 - The Nordic fintech company Qred now offers small businesses green loans in Denmark. The green loans come at a reduced cost to the customers and enable customers to transform their business model into a more environmentally friendly one.  According to the report from the Global Compact Network, 62 % of companies in Denmark are working actively on

    Qred increases operating income by 55%

    Qred continues to grow in line with expectations, but increased credit losses burdened the quarter's results. Qred both issued new common shares, and refinanced a senior secured bond during the quarter. Qred is thus in a good position to deliver continued growth and develop new services in the coming years. The operating income increased by 55% to SEK 137.0m during the interim period and the period's net income amounted to SEK -9.2m. Values for the same period the previous year are stated within brackets. April - June 2022 · Operating income increased by 55% to SEK 137.

    Qred increases operating income by 47 %

    Qred continues to grow with profitability. Operating income increased during the interim period by 47% to SEK 117.8m and profit for the period amounted to SEK 0.8m. In January 2022, Qred started operations aimed at Norwegian small companies, making Qred the first fintech company in financing and payment to small companies with coverage throughout the Nordic region, in addition to the Netherlands and Belgium. During the quarter, Qred also launched its Qred VISA credit card in Finland, making it the second market to get the credit card for small businesses.  Values for the

    Qred Holding AB (publ) successfully places EUR 40 million of senior secured floating rate bonds and announces intention to redeem its outstanding senior secured callable floating rate bonds

    Qred Holding AB (publ), Reg. No. 559031-0685 (the "Company"), has successfully placed EUR 40 million of senior secured floating rate bonds under a framework of EUR 60 million to qualified investors in the Nordics and Europe (the “New Bonds”). The New Bonds will have a tenor of 3 years and the proceeds from the transaction will be used to redeem the Company’s outstanding bonds with ISIN SE0012507267 (the “Existing Bonds”), to fund general corporate purposes, including the provision of new loans, and to finance transaction-related costs. Pareto Securities AB acted as sole

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