Qred Holding AB (publ) eng

Qred Takes on Factoring - Establishes New Office in Southern Sweden

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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.

Emil Sunvisson,CEO
Emil Sunvisson,CEO

Qred has established itself as the market leader in online micro-enterprise and small business loans in the Nordics. Now it is time to disrupt the factoring industry with its technology and business model, via the introduction of automated digital processes, in what has traditionally been a face-to-face, handshake business. 

"The process needs to be simple, fast and transparent," says Daniel Lindh, who is responsible for operations in Malmö. “We work according to the same principles as when Qred offers corporate loans.”

Liquidity problems due to long invoicing processes can restrict contractors from taking on new projects. 

"It's tough for some SMEs, for example in construction, to wait several months to get paid for the job," says Emil Sunvisson, CEO of Qred. “This is money that needs to be put into business quickly and cover material or personnel costs. Here, Qred factoring can help out.” 

“We reach out to SMEs and get to know the business through individual meetings. When a client’s invoice is registered in our systems, an automated procedure takes place,” says Daniel Lindh. 

Come January, the Malmö office will have recruited a line up of specialists with years of experience in the factoring industry. Their combined expertise will ensure a smooth and simple process for all parties involved.

About factoring 

Factoring is a practice that encompasses invoice purchase and invoice loan services. In the case of invoice purchases, the issuing company sells its invoices to the factoring company and gets paid directly. Once the invoice is sold, issuers do not have to worry about when their invoice gets paid, and can move on to other engagements. When it comes to invoice financing/loans, the company hands over an issued invoice to the factoring company and can borrow parts of the sum for a fee, using the invoice as collateral.  

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Emil Sunvisson,CEO
Emil Sunvisson,CEO
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Daniel Lindh, responsible for operations in Malmö
Daniel Lindh, responsible for operations in Malmö
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About Qred Holding AB (publ) eng

Qred Holding AB (publ) eng
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: https://www.qred.com/en-se/about

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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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