Qred Holding AB (publ) eng

Interim report Q1: Commission income increased by 171%

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January-March 2021

Qred continued to grow during the quarter and consolidated its position as market leader in the Nordic region and the Netherlands / Belgium. Qred's automated, smart and easy to use products that simplify financing for small businesses are much appreciated in the customer segment, and has resulted in Qred having Sweden's most satisfied customers with an average rating of 4.8 on Trustpilot.

Commission income increased by 171% as a result of an increasing amount of loans being brokered. The number of active customers increased by more than 3,000 and amounted to 10,408 (7,387). Adjusted for extraordinary revenues in Q1 2020, revenues increased by 40% to SEK 80.1 m (57.4).

Large resources are invested in developing new services. Qred will launch a unique credit card tailored for small businesses. The card comes with a number of features such as automated accounting, credits approved in real-time and improved ability to control the company's expenses.

Values ​​for the same period last year are stated in brackets (the same period last year includes extraordinary income of SEK 18.0 m and costs of SEK 32.6 m).

January - March 2021

  • Operating income increased by 6.1% to SEK 80.1 m (75.4)
  • Commission income increased by 171.5% to SEK 44.6 m (16.4)
  • Interest income decreased by 25.9% to SEK 43.8 m (59)
  • Operating profit amounted to SEK -1.1 m (-19.1)
  • Net income for the period amounted to SEK -1.4 m (-13.2)

Significant events during the interim period

  • Qred signs partnership agreements with, among others, Foodora and the e-trade community Ehandel.
  • Qred initiates a written procedure regarding the delisting of its senior secured bond in order to comply with Finansinspektionen's new guidance.
  • Qred sells bonds with a nominal value of EUR 3.0m.

Significant events after the interim period

  • Qred completes delisting of bond loans from NASDAQ.
  • Qred announces its intention to launch a new credit card with innovative features aimed at small businesses.

Read the full report here: Interim report Q1 or as a presentation here: Presentation Q1

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About Qred Holding AB (publ) eng

Qred Holding AB (publ) eng
Qred Holding AB (publ) eng



About Qred
Founded in 2015 by entrepreneurs for entrepreneurs, Qred is now Sweden’s fastest growing fintech company according to 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 and Belgium - Qred has helped more than 25,000 companies  Qred’s fully automated, proprietary credit scoring system allows us to quickly and competitively provide business owners with the power they need to grow. Right now, Qred is creating ten jobs a day, 7 days a week. 


To read more about Qred, please visit: https://www.qred.com/en-se/about

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Latest releases from Qred Holding AB (publ) eng

Qred publishes annual report29.4.2021 20:30:00 CEST | Press release

Stockholm, 29 April 2021 - Today, Qred releases the annual report for 2020. Qred reports an increase in operating income of 57 percent compared with the previous year and the number of active users increased by 29 percent. Despite a year marked by the pandemics and restrictions, the fintech company has doubled the number of employees by hiring 60 new colleagues. In addition, Qred has helped tens of thousands of entrepreneurs in six markets through a very turbulent time. In 2020, Qred received an AIS / PIS license, which enables the development of new smart services. In addition, Qred launched in the company's sixth market; Belgium. “Qred is needed more than ever to support small businesses and help the next generation of heroes. We want to do what we can. Together, we create the conditions small companies need to be able to create growth, ”says Emil Sunvisson, CEO of Qred. Read the full report here: Annual Report 2020

Qred Holding AB (publ) obtains approval from bondholders to delist its senior secured bonds 2019/2022 from trading on regulated exchanges and multilateral trading facilities and applies for delisting19.4.2021 15:00:00 CEST | Pressmeddelande

Qred Holding AB (publ), Reg. No. 559031-0685 (the “Company”), has concluded the written procedure instigated on 22 March 2021 (the “Written Procedure”) that sought approval from bondholders (“Bondholders”) to amend the terms and conditions (“Bond Terms and Conditions”) to permit delisting of its senior secured bonds 2019/2022 with ISIN SE0012507267 (the “Bonds”) from trading on regulated exchanges and multilateral trading facilities. Participating Bondholders formed the requisite quorum and voted unanimously in favour of the request to amend the Bond Terms and Conditions. Consent to amend the Bond Terms and Conditions was deemed to be granted as from the expiry of the voting period on 16 April 2021. The results of the Written Procedure will also be sent by post to Bondholders, as well as be published on the website of the Bond agent, Nordic Trustee & Agency AB (publ) (www.nordictrustee.com). The amended Bond Terms and Conditions will be made available on the Company’s website. Each Bon

The Qred Group disposes of bonds to a total nominal amount of EUR 3,000,00023.3.2021 17:00:00 CET | Pressmeddelande

Qred Holding AB (publ), Reg. No. 559031-0685 (the “Company”), today announces that a wholly-owned subsidiary (together with the Company, the “Qred Group”) has disposed of senior secured bonds 2019/2022 with ISIN SE0012507267 issued by the Company in June 2019 (the “Bonds”) to a total nominal amount of EUR 3,000,000, in accordance with the terms and conditions of the Bonds. Following the disposal, the Qred Group’s own holding of Bonds amounts to a total nominal amount of EUR 18,200,000. 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 17:00 CET on 23 March 2021.

Qred Holding AB (publ) instigates a written procedure to permit delisting of its senior secured bonds 2019/2022 from trading on regulated exchanges and multilateral trading facilities22.3.2021 10:00:00 CET | Press release

Qred Holding AB (publ), Reg. No. 559031-0685 (the “Company”), has instructed Nordic Trustee & Agency AB (publ) (the “Agent”) to instigate a written procedure (the “Written Procedure”) in respect of the senior secured bonds 2019/2022 with ISIN SE0012507267 (the “Bonds”), seeking approval from holders of the Bonds to amend the terms and conditions to permit delisting the Bonds from trading on regulated exchanges and multilateral trading facilities. This measure is taken in light of regulatory guidance recently issued by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) regarding bond financing, as further explained in the Notice of Written Procedure. If the proposed amendment is approved, the Company will provide a consent fee to bondholders, as further described in the Notice of Written Procedure. Please refer to the Notice of Written Procedure for full details regarding majority and quorum requirements, the consent fee and important dates for the Written Procedure. T

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