Qred receives Visa Principal Membership
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.
Stockholm, 10 August 2021 - The Nordic region’s leading company within SME financing has secured its Visa Principal Membership. With the PIS license Qred is now able to strengthen its offer and can use the license to issue credit cards across the European Union.
“Since we launched Qred in 2015, we have powered over 25,000 SMEs. Our goal is to constantly develop ourselves and our business to further strengthen our offer and help even more entrepreneurs. Through the Visa principal membership Qred’s product portfolio will be broadened to fit our customers’ everyday needs.” says Emil Sunvisson, CEO at Qred.
The Qred Credit Card will be, as earlier announced, launched later this year. The card will be even more useful together with the Qred App, which will include features allowing entrepreneurs to monitor and control their spending. The app will include everything from receipt management and spending limits to virtual cards management and PIN code control. Entrepreneurs can already now sign up on a waiting list to be first in line for the Qred Card.
To read more about the Qred Card, please visit: 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: 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
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 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.
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
Introducing the Qred Credit Card - it's time to stop leaving small businesses behind11.5.2021 09:30:00 CEST | Press release
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.
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom