Qred
“Can a fast-turnaround SMB lender become the primary financial services partner for small businesses across the Nordics and Europe?”
Founded2015
HQStockholm, Sweden
IndustryFintech / SMB banking
The story
Founded in 2015 as a fast-turnaround SMB lender in Sweden, Qred expanded into banking services after being licensed as a Payment Institution in 2020. The company broadened its product suite from pure lending (business loans, liquidity loans, order financing, bridge loans) to a full SMB financial platform including a Visa-branded business card with cashback, leveraging Enfuce for card issuing. Qred operates under the brand 'Qeld' in the Netherlands, reflecting broader Nordic and European expansion.
Last 12 months
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Product timeline
2015
Qred founded by entrepreneurs to provide fast business loans to small businesses.· lending
2020
Qred Bank AB authorised as a Payment Institution by Finansinspektionen, enabling account information and payment initiation services.· banking
2021
Qred partnered with Enfuce to issue Qred VISA debit/credit card for small businesses with 1% cashback.· card
Regulated entities
1
regulatory licence held by Qred
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in Qred’s embedded-finance stack
Card issuing
Lending
in the full report
Accounting gap: significant
5 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.