Introducing the Qred Credit Card - it's time to stop leaving small businesses behind
Most small businesses have difficulties getting a credit card and many struggle with handling all of their paper receipts. Qred, one of the fastest growing companies in Europe, will approve credit cards in real time and automate their customers’ accounting when launching the first credit card specifically designed for small businesses in the Nordics.
Stockholm, 11 May, 2021 - Today, fintech company Qred launches their own credit card product: the Qred Card. The segment of small business owners have historically experienced difficulty gaining approval for a credit card from banks - something Qred has set out to change. Their new card is first in line of many new products planned for launch, enabling entrepreneurs to operate on a level playing field to that of bigger corporations.
“Small businesses have been widely overlooked in terms of financial services for a very long time. So much effort and funding goes into consumer products or enterprise solutions but small businesses, the heart of our economies, are often ignored. We want to change that and have been diving deep into the habits and problems small businesses face and we have managed to find ways of helping them save time so that they can focus on building what they love and are passionate about.” says Emil Sunvisson, CEO at Qred.
In November last year, Qred received its AIS/PIS license and has since then been working on developing their own credit card and app made specifically for small businesses. The card has been produced and adapted to the everyday needs of business owners and is therefore the first of its kind. The credit card has been created in partnership with Visa.
“Visa is constantly looking for ways to offer the most developed solutions to our clients. Joining forces with the innovative Fintech Qred, given their background of working closely with the small business segment, is definitely something that will improve the credit card industry, “ says Helene Podsadni Nilsson, Head of Fintechs, Nordics & Baltics at Visa.
The Qred Card is being launched later this year and small business owners can now sign up on a waiting list to be first in line for the Qred card. Read more about the card here: https://www.qred.com/en-se/card
Andrea RomanderHead of PR and CommunicationsTel:+46 (0)730 92 66 email@example.com
About Qred Holding AB (publ) eng
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
Interim report Q1: Commission income increased by 171%14.5.2021 14:30:00 CEST | Press release
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
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
Qred’s year-end report: have helped more than 10,000 customers during Corona26.2.2021 10:15:00 CET | Press release
2020 is a year that we won’t forget anytime soon. Despite the pandemic, small business financier Qred reports a strong result with increased revenues of 56 % compared to the previous year. During 2020, Qred powered over 10,000 small businesses - a segment hit hard by the Corona outbreak and subsequent restrictions.
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