Qred issues 100 MEUR bond
Qred, the market leading SME lender in Northern Europe, has announced the issuance of a corporate bond, in order to expand its operation in existing and new markets, and continue its growth trajectory. Investors in the bond include institutional investors such as banks, insurance companies and credit funds.
Qred AB (publ) has issued a bond of 3-year maturity of EUR 100 million, of which EUR 40 million will be released directly. The security shall be listed on the Nasdaq Nordic exchange.
”We are pleased to have received significant interest from leading institutions – it’s a stamp of approval on Qred’s sustainable and scalable business model. Small enterprises have been long overlooked by traditional banks, and these business owners deserve better treatment. Qred is already one of Sweden’s fastest growing companies. Now we can speed things up even more,” says Qred CEO Emil Sunvisson.
Karin JihdePress Officeremail@example.com
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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Latest releases from Qred
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.
Interim report - Qred grows lending to small businesses with 88%30.8.2019 13:29:04 CEST | Pressmeddelande
Continued strong growth has characterized the first half 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. The group's costs are increasing slightly faster than the growth.
Andrea Gisle Joosen joins Qred Board28.8.2019 08:00:00 CEST | Pressmeddelande
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 and Lunar Way join forces in Denmark26.8.2019 07:00:00 CEST | Pressmeddelande
A new collaboration between number one Nordic SME lender Qred and leading Nordic banking app Lunar Way has been established and will give Danish entrepreneurs access to better financing.
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