Qred expands to Norway - first pan-Nordic fintech company within small business financing
Stockholm, February 23, 2022 - Sweden’s fastest growing fintech company Qred, continues to expand its business and is now setting up shop in Norway. Just as in many other markets, Norwegian small businesses are severely under banked. Where many traditional banks fail, Qred helps small businesses with financing when they need it with simple, accessible and affordable solutions.
“The big banks have for far too long failed to serve small businesses in Norway. As we’ve seen time and time again, small business owners have no, or very few options when it comes to financing to help grow their business. Our mission is to help these entrepreneurs find the financing and support they need to grow their business, offering simple and modern tools” says Emil Sunvisson, CEO at Qred.
Qred has a track record of successfully expanding its international operations. By adding the Norwegian expansion to Sweden, Finland and Denmark, Qred extends its Nordic coverage. Qred will act as financial agent to Nordiska Financial Partner AS.
Contacts
Andrea RomanderHead of Brand and Communications
Tel:+46 (0)730 92 66 07andrea.romander@qred.comImages
About Qred Holding AB (publ) eng
Qred Holding AB (publ) engAbout Qred
Founded in 2015 by entrepreneurs for entrepreneurs, Qred is now Sweden's fastest growing fintech company according to the Financial Times. Qred is the market leader in the Nordic region and has Sweden's most satisfied customers according to Trustpilot. With operations in Sweden, Finland, Denmark, the Netherlands, Brazil, Belgium and Norway, Qred has helped more than 25,000 companies. Qred's fully automated, proprietary credit scoring system allows Qred to quickly and competitively provide business owners with the power they need to grow. For further information about Qred please visit: About Qred
In Norway, Qred is a financial agent on behalf of Nordiska Financial Partner AS.
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Latest releases from Qred Holding AB (publ) eng
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 bonds13.4.2022 11:00:00 CEST | Press Release
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 bookrunner on the transaction and the settlement of the New Bonds will take place on 22 April 2022. In addition, the Company has today exercised its option to redeem the Existing Bonds early. Redemption of the Existing Bonds will occur on 11 May 2022 (the “Redemption Date”). The Issuer will redeem the Existing Bonds at an amount per Bond equal to 100 per cent. of the Nominal Amount (as well as accrued but unpaid interes
Qred launches new B2B payments platform allowing businesses to pay any invoice with their Qred Visa4.4.2022 09:00:00 CEST | Press Release
The new, free service is available to all Qred VISA holders and will allow businesses to swiftly pay any invoice directly from the Qred app and benefit from up to 45 days interest free liquidity.
Qred increased operating income with 44%28.2.2022 09:00:00 CET | Press Release
Stockholm, February 28, 2022 - Qred continues to grow with profitability. Operating income during the interim period increased by 44% and operating profit amounted to SEK 10.7 million. During the quarter, Qred carried out a directed new share issue to the Nordic Capital Evolution Fund, which enables continued expansion and development of new smart services and products that simplify life for small businesses owners. After the new share issue, the company's equity / assets ratio is 45.5%. In early 2022, Qred started operations aimed at Norwegian small businesses, making Qred the first fintech company in financing and payment to small businesses with coverage throughout the Nordic region, in addition to the Netherlands and Belgium. Values for the same period last year are stated within brackets. October - December 2021 The number of active users increased by 44% to 13,483 (9,498) Operating income increased by 44% to SEK 105.7 m (73.6) Commission income increased by 85% to SEK 66.3 m (3
Qred Holding AB (publ) initiates fixed income investor meetings to evaluate bond refinancing and provides financial update17.2.2022 08:00:00 CET | Press Release
NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. THE SECURITIES MENTIONED HEREIN HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES, EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. NO PUBLIC OFFERING WILL BE MADE IN THE UNITED STATES AND THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. Stockholm, 17 February 2022 - Qred Holding AB (publ), Reg. No. 559031-0685 (the "Company"), has mandated Pareto Securities AB as sole bookrunner to arrange a series of fixed income investor meetings commencing on Monday, February 21, 2022, and subject to, inter alia, market conditions, a senior secured bond issue in an amount of EUR 40-50 million may follow (the “New Bonds” or the “Bond Issue”). The proceeds from the New Bonds will be applied tow
Qred has appointed Per Widerström to chairman of the board and is expanding its board20.1.2022 08:30:00 CET | Press Release
The Swedish founded fintech company Qred has appointed Per Widerström as its new chairman of the board. Widerström is also CEO of Fortuna Entertainment Group, a board member at Nordnet and Catena Media, as well as the chairman at Turbotic. Former chairman Sean Cory will remain on the board as a member of the board.