Qred sets sail on ambitious expansion plan
Sweden’s fastest growing fintech company, Qred, sets sail on an ambitious expansion plan by launching their platform in Belgium. This is the first step in their plan to more than double the number of active markets.
Stockholm, October 8th, 2020 - Sweden’s leading fintech company for small businesses is beginning an aggressive expansion plan for 2021. First market in the pipeline is Belgium which is launching today. This will be Qred’s sixth market after Sweden, Finland, Denmark, the Netherlands and Brazil.
“We are excited to announce that we are now expanding to Belgium, which is a very interesting market for our segment. There is a very strong demand by entrepreneurs for financing in Belgium but very limited options,” says Emil Sunvisson, CEO at Qred.
Qred launched in Sweden in 2015 and quickly established itself as the market leader helping entrepreneurs with the financing they need to grow their businesses. Qred has steadily expanded, adding one new market per year, and taken market leading positions in each of those markets. With the launch of Belgium the company is setting the stage for a much more aggressive expansion plan for 2021. During the past couple of years, Qred has created and developed a platform that quickly and scalably can be rolled out on the European market, where the demand is extremely high.
“While working on launching in Belgium, we have also been working on a process that allows us to expand to more markets at a higher pace. We have many European markets in the pipeline for 2021, so this will indeed be a very exciting phase for the company,” Emil Sunvisson continues.
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 and market leader in the Nordic region. With operations in Sweden, Finland, Denmark, the Netherlands, Brazil and Belgium - Qred has lent over SEK 3 billion to growing businesses, creating more than 5,000 new jobs. Our fully automated, proprietary credit system allows us to quickly and competitively provide business owners with the power they need to grow their business.
To read more, please visit: https://qred.com/en-se/about-us/
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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
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.
Qred publishes annual report29.4.2021 20:30:00 CEST | Press release
Stockholm, 29 April 2021 - Today, Qred releases the annual report for 2020. Qred reports an increase in operating income of 57 percent compared with the previous year and the number of active users increased by 29 percent. Despite a year marked by the pandemics and restrictions, the fintech company has doubled the number of employees by hiring 60 new colleagues. In addition, Qred has helped tens of thousands of entrepreneurs in six markets through a very turbulent time. In 2020, Qred received an AIS / PIS license, which enables the development of new smart services. In addition, Qred launched in the company's sixth market; Belgium. “Qred is needed more than ever to support small businesses and help the next generation of heroes. We want to do what we can. Together, we create the conditions small companies need to be able to create growth, ”says Emil Sunvisson, CEO of Qred. Read the full report here: Annual Report 2020
Qred’s year-end report: have helped more than 10,000 customers during Corona26.2.2021 10:15:00 CET | Press release
2020 is a year that we won’t forget anytime soon. Despite the pandemic, small business financier Qred reports a strong result with increased revenues of 56 % compared to the previous year. During 2020, Qred powered over 10,000 small businesses - a segment hit hard by the Corona outbreak and subsequent restrictions.
Qred teams up with foodora19.1.2021 13:15:00 CET | Press release
Qred, market leader within small business financing, begins 2021 by initiating a new partnership with marketplace and Q-commerce platform foodora. Together they will make sure that restaurants and cafés are provided access to financing suitable for their business.
Sweden's fastest growing fintech company releases quarterly report30.11.2020 12:15:00 CET | Press release
Swedish fintech company Qred releases its report for this year’s third quarter. The report shows that revenues increased by 41% and operating profit increased by 54%. Once again, Qred’s digital business model has proven efficient even in difficult economic times.
Qred receives license to provide payment services25.11.2020 09:45:00 CET | Pressmeddelande
Swedish Financial Supervisory Authority (S-FSA) grants Swedish fintech company Qred permission to conduct payment services. The company will now broaden their product range and keep developing new and innovative financial products for small businesses.
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