Qred Holding AB (publ) eng

Qred launches new B2B payments platform allowing businesses to pay any invoice with their Qred Visa

Share

The new, free service is available to all Qred VISA holders and will allow businesses to swiftly pay any invoice directly from the Qred app and benefit from up to 45 days interest free liquidity.

Stockholm, 4 April  2022 - Qred is pleased to announce a brand new payments platform specifically designed to help small businesses free up short-term capital and save them time when paying bills. 

The new service, which will be available via Qred’s app, will allow businesses to pay any invoice they have - whether it’s an electricity bill, to pay for supplies or inventory - with the Qred VISA card enjoying up to 45 days interest free credit. And best of all, there are zero additional fees charged. 

“Tens of billions of dollars worth of invoices are issued each year and for most businesses the only way to pay them is to use cash directly from their account since most suppliers or vendors don’t accept card payments. With our new payment platform, small businesses can use their Qred VISA to pay any invoice they have with much more flexible payment terms. This frees up much needed, short-term cash which is the life blood of most entrepreneurs.” says Emil Sunvisson, CEO of Qred.

The new payment service is immediately available to all Qred VISA card holders and can be accessed via Qred’s App. Additional payment options will be added in the near future. 

Read more at: https://en.qred.se/pay-invoices-with-creditcard 

To help power the launch of this platform and Qred's continued overall growth, we are pleased to announce that Nordic Capital is investing a further €10m of capital as part of its ongoing support and commitment. This additional investment will allow Qred to continue to deliver innovative products and services to small businesses throughout Northern Europe.

The Board of Directors of Qred Holding AB (publ), Reg. No. 559031-0685, has resolved to recommend a directed issue, raising a total of EUR 10m for Qred. The issue is directed to, and will be fully subscribed by, Nordic Capital Evolution.

The issue is subject to shareholder approval at an extraordinary general meeting on 19 April, 2022.

Contacts

Images

About Qred Holding AB (publ) eng

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



Om 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, Belgium and Norway - 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: About Qred

Subscribe to releases from Qred Holding AB (publ) eng

Subscribe to all the latest releases from Qred Holding AB (publ) eng by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Qred Holding AB (publ) eng

Qred Holding AB (publ) successfully places EUR 40 million of senior secured floating rate bonds and announces intention to redeem its outstanding senior secured callable floating rate bonds13.4.2022 11:00:00 CEST | Press release

Qred Holding AB (publ), Reg. No. 559031-0685 (the "Company"), has successfully placed EUR 40 million of senior secured floating rate bonds under a framework of EUR 60 million to qualified investors in the Nordics and Europe (the “New Bonds”). The New Bonds will have a tenor of 3 years and the proceeds from the transaction will be used to redeem the Company’s outstanding bonds with ISIN SE0012507267 (the “Existing Bonds”), to fund general corporate purposes, including the provision of new loans, and to finance transaction-related costs. Pareto Securities AB acted as sole bookrunner on the transaction and the settlement of the New Bonds will take place on 22 April 2022. In addition, the Company has today exercised its option to redeem the Existing Bonds early. Redemption of the Existing Bonds will occur on 11 May 2022 (the “Redemption Date”). The Issuer will redeem the Existing Bonds at an amount per Bond equal to 100 per cent. of the Nominal Amount (as well as accrued but unpaid interes

Qred increased operating income with 44%28.2.2022 09:00:00 CET | Press release

Stockholm, February 28, 2022 - Qred continues to grow with profitability. Operating income during the interim period increased by 44% and operating profit amounted to SEK 10.7 million. During the quarter, Qred carried out a directed new share issue to the Nordic Capital Evolution Fund, which enables continued expansion and development of new smart services and products that simplify life for small businesses owners. After the new share issue, the company's equity / assets ratio is 45.5%. In early 2022, Qred started operations aimed at Norwegian small businesses, making Qred the first fintech company in financing and payment to small businesses with coverage throughout the Nordic region, in addition to the Netherlands and Belgium. Values ​​for the same period last year are stated within brackets. October - December 2021 The number of active users increased by 44% to 13,483 (9,498) Operating income increased by 44% to SEK 105.7 m (73.6) Commission income increased by 85% to SEK 66.3 m (3

Qred Holding AB (publ) initiates fixed income investor meetings to evaluate bond refinancing and provides financial update17.2.2022 08:00:00 CET | Press release

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. THE SECURITIES MENTIONED HEREIN HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES, EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. NO PUBLIC OFFERING WILL BE MADE IN THE UNITED STATES AND THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. Stockholm, 17 February 2022 - Qred Holding AB (publ), Reg. No. 559031-0685 (the "Company"), has mandated Pareto Securities AB as sole bookrunner to arrange a series of fixed income investor meetings commencing on Monday, February 21, 2022, and subject to, inter alia, market conditions, a senior secured bond issue in an amount of EUR 40-50 million may follow (the “New Bonds” or the “Bond Issue”). The proceeds from the New Bonds will be applied tow