Andrea Gisle Joosen joins Qred Board
Nordic SME financing leader Qred has elected Ms. Andrea Gisle Joosen to its Board as non-executive director. Ms. Gisle Joosen is currently serving as Chair of the Board for Acast, as well as non-executive board director of the ICA Gruppen, BillerudKorsnäs and Dixons Carphone boards.
Qred has since 2015 quickly grown to become the largest alternative SME lender in Northern Europe, with a market leading position in Sweden, Finland, and Denmark, in addition to recent expansion in the Netherlands. In June 2019, Qred issued a 100 MEUR corporate bond in order to accelerate its growth and continue development in new markets.
—Andrea Gisle Joosen is a professional board director with solid experience in building big and well-managed corporations. It feels great being able to accelerate growth even more with Andrea onboard, says Qred CEO Emil Sunvisson.
—Small business owners create more than 80 per cent of all new jobs in Sweden. Despite this, many are not welcome to the larger banks’ corporate finance departments. Qred is a young company founded by entrepreneurs with a thorough understanding of their clients’ circumstances. I look forward to working with one of Sweden’s fastest growing companies, says Andrea Gisle Joosen.
Source of statistics: Report from SME sector association Företagarna
Emil SunvissonVD och medgrundare+46 708 109 email@example.com
Karin JihdePress Officerfirstname.lastname@example.org
Qred helps small companies grow by providing fair and accessible financing. Launched in Sweden in 2015, Qred has expanded to Finland, Denmark and the Netherlands, offering entrepreneurs loans for investments and working capital. An automated and fully digital process keeps costs and credit losses low, while simultaneously giving customers the user experience they deserve and expect. Qred was created for entrepreneurs, by entrepreneurs, and is helping redefine small business financing in northern Europe.
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Qred increases income by 90 % first quarter 202028.5.2020 14:30:00 CEST | Press release
Qred’s growth in the first quarter of 2020 continued at a rapid pace, despite the difficult developments in the local and global economies. In early March, Qred was named Sweden’s fastest growing company and placed 8th in Europe, alongside global heavyweights, when the Financial Times published their annual list of Europe’s 1000 fastest growing companies. From mid-March, the situation in the market changed significantly as a result of the pandemic caused by the outbreak of the coronavirus. Qred’s business model is well suited to handle such downturns in the economy without large disruptions to our business. “We have been able to mitigate many of the effects caused by the corona virus thanks to our digitalized processes and cloud-based business model. In addition, we have a balanced customer base that extends across many industries, which spreads the risk further, “says Andrea Romander at Qred. The pandemic has however created uncertainty in the general economy going forward. The compan
Qred Holding AB publishes bond prospectus and applies for listing of its bonds on Nasdaq Stockholm17.4.2020 14:00:00 CEST | Press release
Qred Holding AB (publ) (the “Company”) has issued a senior secured bond loan of EUR 40,000,000 on 17 June 2019, within a total framework amount of EUR 100,000,000, on the Swedish bond market. The bonds carry a floating interest rate and mature on 17 June 2022. The Company will apply for listing of the bonds on the Corporate Bond list at Nasdaq Stockholm during May 2020 and the bonds are planned to be admitted to trading at Nasdaq Stockholm during May or early June 2020. In connection with this, the Company has prepared a prospectus. The prospectus has been approved by, and registered with, the Swedish Financial Supervisory Authority in accordance with the Regulation (EU) 2017/1129 of 14 June 2017 of the European Parliament and of the Council. The prospectus will be available on the Financial Supervisory Authority’s website (www.fi.se) and on the Company’s website (wp.qred.com/se/bond-information). For further information, please contact: Andrea Gyllencreutz Romander, Head of Communicat
Qred repurchases bonds to strengthen equity27.3.2020 16:30:00 CET | Press release
Qred Holding AB (publ) (the “Company”) has repurchased bonds with a nominal value of EUR 7,300,000. The repurchases concern the Company’s senior secured bonds with a nominal outstanding amount of EUR 40,000,000 (ISIN: SE001250726). The bonds have a floating rate corresponding to EURIBOR 3m plus 8.5 percent and are due in June 2022. The average purchase price corresponds to 75.75 percent of the nominal value of the bonds. Following the purchases, the Company’s holding amounts to a nominal amount of EUR 7,300,000.
Q3 Report: Qred Increases Lending by 95%28.11.2019 09:00:00 CET | Press release
Consistent, strong growth continues to characterize the first nine months of the year. Qred is growing in both established markets such as Sweden and Finland, as well as in newer markets such as Denmark and the Netherlands. Thus far in 2019, the cost base in the group has grown in line with revenue growth. Interest income and the loan portfolio continue to increase, while operating income and earnings have been countered by a higher cost of funding.
Qred Takes on Factoring - Establishes New Office in Southern Sweden24.10.2019 11:00:00 CEST | Press release
Fintech startup Qred continues to expand in financial services to small business owners. A new factoring branch is now being established that is offering invoice purchasing services. Based in central Malmö, Sweden, Qred's factoring service is aimed at contractors throughout the country, who wish to avoid extended waiting periods for being remunerated for services rendered.
Qred and Webrock Launch Joint Venture in Brazil26.9.2019 07:31:46 CEST | Press release
Fintech scale-up Qred and investment company Webrock Ventures today announce a joint venture in Brazil. Qred’s digital technology for SME lending will be combined with local expertise and financing from Webrock Ventures and Swedish investment fund manager Atlant Fonder.
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