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 Communications+46 (0)730 92 66 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 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
Qred increases income by 90 % first quarter 202028.5.2020 14:30:00 CEST | Press release
Qred’s growth in the first quarter of 2020 continued at a rapid pace, despite the difficult developments in the local and global economies. In early March, Qred was named Sweden’s fastest growing company and placed 8th in Europe, alongside global heavyweights, when the Financial Times published their annual list of Europe’s 1000 fastest growing companies. From mid-March, the situation in the market changed significantly as a result of the pandemic caused by the outbreak of the coronavirus. Qred’s business model is well suited to handle such downturns in the economy without large disruptions to our business. “We have been able to mitigate many of the effects caused by the corona virus thanks to our digitalized processes and cloud-based business model. In addition, we have a balanced customer base that extends across many industries, which spreads the risk further, “says Andrea Romander at Qred. The pandemic has however created uncertainty in the general economy going forward. The compan
Qred Holding AB publishes bond prospectus and applies for listing of its bonds on Nasdaq Stockholm17.4.2020 14:00:00 CEST | Press release
Qred Holding AB (publ) (the “Company”) has issued a senior secured bond loan of EUR 40,000,000 on 17 June 2019, within a total framework amount of EUR 100,000,000, on the Swedish bond market. The bonds carry a floating interest rate and mature on 17 June 2022. The Company will apply for listing of the bonds on the Corporate Bond list at Nasdaq Stockholm during May 2020 and the bonds are planned to be admitted to trading at Nasdaq Stockholm during May or early June 2020. In connection with this, the Company has prepared a prospectus. The prospectus has been approved by, and registered with, the Swedish Financial Supervisory Authority in accordance with the Regulation (EU) 2017/1129 of 14 June 2017 of the European Parliament and of the Council. The prospectus will be available on the Financial Supervisory Authority’s website (www.fi.se) and on the Company’s website (wp.qred.com/se/bond-information). For further information, please contact: Andrea Gyllencreutz Romander, Head of Communicat
Qred repurchases bonds to strengthen equity27.3.2020 16:30:00 CET | Press release
Qred Holding AB (publ) (the “Company”) has repurchased bonds with a nominal value of EUR 7,300,000. The repurchases concern the Company’s senior secured bonds with a nominal outstanding amount of EUR 40,000,000 (ISIN: SE001250726). The bonds have a floating rate corresponding to EURIBOR 3m plus 8.5 percent and are due in June 2022. The average purchase price corresponds to 75.75 percent of the nominal value of the bonds. Following the purchases, the Company’s holding amounts to a nominal amount of EUR 7,300,000.
Q3 Report: Qred Increases Lending by 95%28.11.2019 09:00:00 CET | Press release
Consistent, strong growth continues to characterize the first nine months of the year. Qred is growing in both established markets such as Sweden and Finland, as well as in newer markets such as Denmark and the Netherlands. Thus far in 2019, the cost base in the group has grown in line with revenue growth. Interest income and the loan portfolio continue to increase, while operating income and earnings have been countered by a higher cost of funding.
Qred Takes on Factoring - Establishes New Office in Southern Sweden24.10.2019 11:00:00 CEST | Press release
Fintech startup Qred continues to expand in financial services to small business owners. A new factoring branch is now being established that is offering invoice purchasing services. Based in central Malmö, Sweden, Qred's factoring service is aimed at contractors throughout the country, who wish to avoid extended waiting periods for being remunerated for services rendered.
Qred and Webrock Launch Joint Venture in Brazil26.9.2019 07:31:46 CEST | Press release
Fintech scale-up Qred and investment company Webrock Ventures today announce a joint venture in Brazil. Qred’s digital technology for SME lending will be combined with local expertise and financing from Webrock Ventures and Swedish investment fund manager Atlant Fonder.
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