Qred
Qred is a Stockholm-based digital business bank providing automated SMB lending, B2B payments, and a Visa credit card with up to 45 days interest-free credit across 8 markets, backed by Nordic Capital.
- Company typePrivate
- Founded2015
- HeadquartersStockholm, Sweden
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Qred does
Qred is a Stockholm-based digital business bank founded in 2015 that provides automated credit and B2B payment solutions to small and medium-sized businesses. The company operates across eight markets — Sweden, Denmark, Netherlands (branded as Qeld), Belgium, Finland, Norway, Germany, and Brazil — through a product-led, mobile-app-first platform supported by country-specific websites and partner channels. Its core products include an automated SMB lending platform, the Qred B2B Payments Platform, and the Qred Visa credit card, which offers up to 45 days of interest-free liquidity for invoice payments originated inside the mobile app.
The underlying stack combines a proprietary automated credit assessment engine with Open Banking data access via a partnership with Enable Banking, enabling faster and more data-driven underwriting than traditional bank processes. Qred holds a full banking licence, which underpins both its lending activity and its ability to issue its own Visa card. Distribution is primarily digital and self-serve, supplemented by channel partnerships (e.g., cspaar in Denmark) for SMB customer acquisition. The company is privately held and majority-backed by Nordic Capital; in June 2026, Nordic Capital announced the acquisition of London-based embedded finance provider Liberis and its merger with Qred, creating a combined platform serving 53,000+ active SMBs across 17 countries with projected revenues exceeding €250M.
Qred firmographics
Firmographics- Name
- Qred
- Legal name
- Qred
- Website
- https://qred.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Qred is a Stockholm-based digital business bank providing automated SMB lending, B2B payments, and a Visa credit card with up to 45 days interest-free credit across 8 markets, backed by Nordic Capital.
- Ownership category
- akta.pro rank
Qred industry classification
Industry- Product category
- Small Business Digital Banking
- NAICS
- Credit Card Issuing (522210), Credit Intermediation and Related Activities (522), Commercial Banking (52211)
- SIC
- Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- BNPL Card / Virtual Card Programs (FSAKACAC)
- akta.pro secondary industry
- Small-Dollar Short-Term Installment Loans (Non-payday) (FSAKAMAI)
Keywords
Where Qred is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices1 record
Markets served
Qred business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Business Lending: Qred provides small business loans and financing solutions, generating revenue through interest on credit extended to SMBs.
- Credit Card Services: Qred Visa credit card offering up to 45 days interest-free credit, generating revenue from card transaction fees and interest after the interest-free period.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Interest-free credit period |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels3 records
Qred product offering
Product offeringCore offering
Qred provides automated small business loans and a B2B payments platform delivered through its mobile application. Customers can access working capital financing and use the Qred Visa credit card to pay business invoices directly within the app, receiving up to 45 days of interest-free credit. The offering targets underserved small and medium-sized businesses that face gaps in traditional bank financing.
Product overview
Qred is a digital business bank and small business lending platform that operates across Sweden, Denmark, Netherlands (branded as Qeld), Belgium, Finland, Norway, and Germany. The company offers a unified platform combining automated credit solutions with a B2B payments platform, accessible through a mobile app and a proprietary Qred Visa credit card. The product portfolio includes the B2B Payments Platform for invoice management with up to 45 days interest-free credit, the Qred Visa Credit Card for small business payments, and the Qred Mobile App as the primary customer interface.
Differentiator
Problem solved
Functional benefit
Products and services
- Qred B2B Payments Platform A B2B payments platform that enables small business customers to pay invoices using a Qred Visa credit card within the Qred mobile app, offering interest-free liquidity for up to 45 days. Targeted at SMBs needing flexible invoice payment solutions.
- Qred Visa Credit Card A Visa credit card for small businesses that allows invoice payments and provides up to 45 days of interest-free credit through the Qred mobile app. Designed for SMBs seeking short-term working capital and payment flexibility.
- Qred Mobile App Mobile application that serves as the primary interface for Qred customers to access B2B payments, the Qred Visa credit card, invoice management, and lending services. Available to SMBs across Sweden, Denmark, Netherlands (as Qeld), Belgium, Finland, Norway, and Germany.
- Automated Small Business Loans Automated digital lending solutions for small businesses, providing streamlined access to working capital loans through a fully digital application and underwriting process. Targeted at SMBs underserved by traditional banks.
Quantifiable outcome
- Interest-free credit period of up to 45 days for business invoices
- +1 more outcomes
Companies that use Qred
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
Qred technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature3 records
Qred partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered flagship, core and minor.
- LiberisflagshipNordic Capital agreed to acquire London-based embedded finance provider Liberis and merge it with Qred in 2026. The combined entity will create a leading global platform for SMB financing with approximately 600 employees, revenues exceeding €250 million, and access to 11.5 million merchants across 17 countries. Emil Sunvisson, Qred's Founder & CEO, will lead the combined group as Group CEO.
- Enable BankingcoreQred Bank partnered with Enable Banking to leverage the power of Open Banking, enabling seamless financial solutions integration and enhanced services for entrepreneurs.
- cspaarminorcspaar and Qred Bank joined forces to boost Danish SMEs with flexible financing solutions, leveraging cspaar's distribution channel to reach small business customers in Denmark.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
Qred competitors and assessment
Company assessmentDirect peers
- iwoca: UK-based digital lender providing flexible short-term financing to small businesses, the closest direct competitor to Qred's automated SMB lending model in Europe.
- Stenn: Global SMB trade-finance provider extending credit to importers/exporters; comparable in digital SMB lending with international scope, overlapping with Qred's cross-border ambitions.
- Liberis: London-headquartered embedded finance provider offering revenue-based financing to SMBs via partner platforms; Qred's announced merger partner and an obvious direct comp on embedded SMB credit.
- Wayflyer: Ireland-based revenue-based financing provider for e-commerce and DTC SMBs; comparable to Qred in digital-first delivery and SMB focus, with overlapping geographic footprint.
- OnDeck Capital: US-focused online SMB lender offering term loans and lines of credit via automated underwriting; a structurally similar SMB lending model though geographically non-overlapping.
- BlueVine: US SMB-focused digital bank offering lines of credit, invoice factoring, and a business checking account—comparable to Qred's combination of lending and embedded banking/payments services.
- Clearco: Revenue-based financing provider for SMBs, primarily e-commerce; shares Qred's automated, data-driven underwriting approach to underserved small businesses.
Emerging players
- Allica Bank: UK challenger bank focused on SMBs and small commercial customers with full banking license; comparable as a licensed, digitally delivered SMB banking and lending competitor.
- Tide: UK SMB-focused digital business banking platform with embedded lending features, competing in the same fintech-SMB-banking category but with a UK-centric user base.
Broad incumbents
- Funding Circle: Publicly listed UK SMB lending platform with a broader loan book and more mature capital-markets funding model, operating a comparable but larger-scale SMB credit business.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Qred social profiles
Digital presenceQred financial estimates
Financial estimateRevenue estimate
Valuation estimate
Qred leadership team
Management profileNumber of profiles
Profiles4 records
Qred funding detail
Funding detailFunding overview
Funding rounds7 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Qred M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Qred
What does Qred do?
Qred provides automated small business loans and a B2B payments platform delivered through its mobile application. Customers can access working capital financing and use the Qred Visa credit card to pay business invoices directly within the app, receiving up to 45 days of interest-free credit. The offering targets underserved small and medium-sized businesses that face gaps in traditional bank financing.
Is Qred a public or private company?
Qred is a private company. It is classified as private equity controlled and is currently operating.
When was Qred founded?
Qred was founded in 2015. It employs 101 to 250 people.
Where is Qred based?
Qred is headquartered in Stockholm, Sweden, in the Europe region.
How does Qred make money?
Two revenue lines are on record. Business Lending is the primary driver. The others are credit Card Services.
Who are Qred's main competitors?
Direct peers on record are iwoca, Stenn, Liberis, Wayflyer, OnDeck Capital, BlueVine and Clearco. Emerging players are Allica Bank and Tide. Funding Circle is listed as a broad incumbent.
Does Qred have an API?
No public API is recorded for Qred.
What industry is Qred in?
Qred's product category is Small Business Digital Banking. Its primary akta.pro industry code is FSAKACAC, BNPL Card / Virtual Card Programs, with a secondary code of FSAKAMAI, Small-Dollar Short-Term Installment Loans (Non-payday). Its NAICS code is 522210 and its SIC code is 6153.