Qred Holding AB (publ) eng

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




About Qred Holding AB (publ) eng

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

About 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 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

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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

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