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 OfficerTel:+firstname.lastname@example.org
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
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.
Qred reports 46 % increase in operating income during Q312.11.2021 10:30:00 CET | Press release
Interim report 3rd quarter 2021 Qred continues to grow with profitability. Operating income during the interim period increased by 46% and operating profit amounted to SEK 7.2 million. Major investments are being made in the development of new smart services and products that make life easier for small businesses. During the interim period, Qred has launched a credit card that gives small businesses up to 45 days of free credit, while we also help entrepreneurs gain better control and understanding of their financial situation. Qred has signed an agreement with the Nordic Capital Evolution Fund regarding investment in Qred. The investment is made in partnership with Qred's management and founders. The goal is to develop new services aimed at companies and to continue to expand operations in Europe. The investment is dependent on Finansinspektionen's ownership review and closing is expected to take place during the first quarter of 2022. Instead of issuing credits, Qred has chosen to me
Nordic Capital invests in and partners with Qred – one of Europe’s fastest growing fintech companies13.9.2021 08:00:00 CEST | Press release
Nordic Capital Evolution has signed an agreement to invest in the fast-growing fintech company Qred. The investment will be made in partnership with Qred’s management and founders, with the goal of together continuing to significantly expand the business across Europe.
Qred increases number of active customers by 44 %13.8.2021 10:00:00 CEST | Press release
Qred, market leader within small business financing in the Nordic region, continues to grow and show profitability during the second quarter of 2021. The number of monthly active users amounted to 11,545, which means a growth of 44%.
Qred receives Visa Principal Membership10.8.2021 10:30:00 CEST | Press release
Swedish fintech and SME financial provider Qred has become a principal member of Visa, joining a short list of fintechs able to issue their own credit cards. The membership allows the company to power even more entrepreneurs than before by being able to issue the first credit card specifically designed for SMEs across their European markets.
Qred hires CPO from Klarna30.6.2021 14:30:00 CEST | Press release
Swedish fintech company Qred strengthens the management team and recruits a new Chief Product Officer (CPO). Marcus Uggla, who most recently worked at Klarna where he was a Senior Product Manager, joined Qred in June.
Sean Cory joins Qred as Chairman of the Board22.6.2021 10:00:00 CEST | Press release
Swedish fintech company Qred has elected Sean Cory to become Chairman of the board for the company. Cory is currently working as Managing Partner Northern Europe at Oliver Wyman. He succeeds Mattias Carlsson, who has had the position since 2017 and is now moving on to new assignments.
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