Qred Holding AB (publ) intends to raise SEK 40,000,000 through a directed share issue, subject to shareholder approval
The Board of Directors of Qred Holding AB (publ), Reg. No. 559031-0685 (the "Company"), has resolved on a directed issue of 400,000 common shares at a subscription price of SEK 100 per share (the “issue”), raising a total of SEK 40,000,000 for the Company. The issue is directed to, and will be fully subscribed by, the new investor International One Design Group AB.
The issue is subject to shareholder approval at an extraordinary general meeting on 8 September 2020.
Disclosure regulation
This information is information that Qred Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 12:00 CEST on 24 August 2020.
Contacts
Andrea Gyllencreutz Romander
Head of Communications
Tel: +46 (0)730 92 66 07
Emil Sunvisson
VD
Mia Rosén
CFO
About Qred Holding AB (publ)
Qred is Sweden's fastest growing fintech company and market leader in the Nordic region within corporate loans of up to SEK 1 million. Qred offers loans to small companies in Sweden, Finland, Denmark and the Netherlands and also has an ongoing establishment in Brazil. Since Qred’s beginning in 2015, Qred has lent over SEK 3 billion to investments and working capital with small businesses. By using a fully digitized process, the company minimizes handling costs and credit losses, while at the same time giving the customer a better experience. Qred had a turnover of SEK 192 million in 2019 and currently has about 75 employees in Stockholm, Malmö, Helsinki, Riga and Sao Paulo. In 2020, Financial Times named Qred Sweden's fastest growing company and one of the 10 fastest growing companies in Europe.
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