Qred AB
Qred Bank AB is a Stockholm-based licensed digital bank providing business loans (SEK 50,000-5,000,000), the Qred VISA corporate credit card, and consumer savings accounts to over 70,000 small businesses and entrepreneurs across seven European markets, with a pending Liberis merger extending operations to 17 countries.
- Company typePrivate
- Founded2015
- HeadquartersStockholm, Sweden
- Headcount—
- GTM typeB2B and B2C
- OfferingServices
What Qred AB does
Qred Bank AB is a Stockholm-based, full-licensed Swedish digital bank founded in 2015 and operating under supervision of Finansinspektionen (the Swedish Financial Supervisory Authority). The company provides business financing to small and medium-sized businesses, entrepreneurs, and sole proprietors across seven European markets (Sweden, Finland, Denmark, Norway, Netherlands, Belgium, and Germany), distributing more than SEK 10 billion in cumulative financing to over 70,000 businesses since inception. Its product portfolio centers on three core lines: business loans (SEK 50,000 to 5,000,000 with terms up to 60 months, no binding period, free early repayment), the Qred VISA Business Card (1% cashback, no annual fee, Apple Pay and Google Pay support, integrated receipt capture), and consumer savings accounts (offered in Sweden and Germany with government deposit guarantee up to SEK 1,050,000). Specialized sub-products include investment loans, real estate loans, flex loans, and revolving corporate credit.
The underlying platform is built around proprietary credit decisioning that combines internal loan and payment history with external data sources via BankID for identity and signing, Trustly for real-time disbursements, and Enable Banking's PSD2-compliant API connecting to 2,500+ banks across 28 countries. Distribution is digital-first and self-serve, with applications submitted online 24/7, same-day decisions, and 24-hour disbursement, supplemented by partner referrals across accounting, e-commerce, telecom, legal, and business software providers. A mobile application for iOS and Android handles loan servicing, savings, and card management. The company is a regulated bank, deposits private savings to fund lending, and operates under GDPR and Swedish AML/KYC frameworks (Act 2017:630).
Qred generates revenue primarily through interest income on its business loan book (SEK 50,000 to 5,000,000 tickets), interchange and transaction economics on the Qred VISA card, net interest margin on consumer savings, and ancillary fees including late fees (SEK 200), paper invoice fees (SEK 30), and reversal fees (SEK 500). The company is majority-owned by Nordic Capital XI, with Verdane as co-investor in a pending merger with London-based embedded finance platform Liberis that would create a combined SMB financing platform valued at approximately £745 million across 17 countries with ~600 employees, 53,000+ SMB customers, and revenues exceeding EUR 250 million. CEO and co-founder Emil Sunvisson remains in post at the combined entity.
Qred AB firmographics
Firmographics- Name
- Qred AB
- Legal name
- Qred Bank AB
- Website
- https://qred.se
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Short description
- Qred Bank AB is a Stockholm-based licensed digital bank providing business loans (SEK 50,000-5,000,000), the Qred VISA corporate credit card, and consumer savings accounts to over 70,000 small businesses and entrepreneurs across seven European markets, with a pending Liberis merger extending operations to 17 countries.
- Ownership category
- akta.pro rank
Qred AB industry classification
Industry- Product category
- Small Business Digital Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221)
- SIC
- Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)
Keywords
Where Qred AB is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices1 record
Markets served
Qred AB business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Business Loan Interest: Interest income from business loans ranging from SEK 50,000 to 5,000,000 with terms up to 60 months. Interest rates vary based on credit assessment.
- Business Credit Card: Qred VISA credit card generating interchange fees on transactions, with 1% cashback to customers. No annual fee model.
- Savings Account Deposits: Deposit-taking from private individuals in Sweden and Germany, using deposits to fund lending operations.
- Late Fees and Charges: Late payment fees (200 SEK), paper invoice fees (30 SEK), and reversal fees (500 SEK) for business loans.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Monthly | Business loans from SEK 50,000 to 5,000,000 |
| Transaction based/ take rate | Monthly | Qred VISA Business Card |
| Subscription | Monthly | Savings accounts for private individuals |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Qred AB product offering
Product offeringCore offering
Qred Bank AB is a licensed Swedish digital bank providing business loans ranging from SEK 50,000 to SEK 5,000,000 with terms up to 60 months, a corporate Qred VISA credit card with 1% cashback and no annual fee, and savings accounts for private individuals backed by government deposit guarantees. The company also offers specialized loan variants including investment loans, real estate loans, flex loans, and revolving corporate credit, all distributed through a digital self-serve platform.
Product overview
Qred AB operates as a licensed Swedish digital bank specializing in business financing for small and medium enterprises. The product portfolio centers on three core offerings: (1) Business Loans ranging from SEK 50,000 to 5,000,000 with terms up to 60 months, including specialized variants for investments, real estate, and flexible credit; (2) Qred VISA Business Card providing 1% cashback with digital wallet integration; and (3) Savings Accounts for private individuals with deposit guarantees. The ecosystem is supported by a mobile application for account management, with partnerships extending functionality into accounting automation and e-commerce. The company transitioned from fintech to licensed bank status in 2023, operating across seven European markets.
Differentiator
Problem solved
Functional benefit
Products and services
- Qred Business Loans (Företagslån) Digital business financing for SMBs offering loans from SEK 50,000 to SEK 5,000,000 with repayment terms up to 60 months. Features include no binding period, free early repayment, same-day payout, and no collateral required (only personal guarantee).
- Qred VISA Business Card Business credit card with 1% cashback on all purchases, no annual fee, no startup costs, digital wallet support via Apple Pay and Google Pay, automatic receipt capture, worldwide purchase protection, and free additional cards for employees.
- Qred Savings Account (Sparkonto) Savings account for private individuals with government deposit guarantee up to SEK 1,050,000. Available in Sweden and Germany with both variable and fixed interest rate options across Sparkonto Flex and Sparkonto Fast account types.
- Qred Corporate Credit (Företagskredit) Revolving credit facility for businesses providing flexible access to capital as needed, separate from term loan products. Allows businesses to draw and repay capital as required for working capital needs.
- Qred Investment Loans (Investeringslån) Specialized business loan product dedicated to business investments, with specific product terms and conditions tailored to investment financing purposes.
- Qred Real Estate Loans (Fastighetslån) Business financing product for real estate acquisitions or property investments, offered as a specialized loan type within Qred's business loan portfolio for property-related business needs.
- Qred Bank (Licensed Digital Bank) Licensed Swedish digital bank offering business financing and savings services, supervised by the Swedish Financial Supervisory Authority. Consolidates business loans, business credit cards, and savings accounts under one banking entity.
Quantifiable outcome
- Distributed over SEK 10 billion in financing to entrepreneurs
- +3 more outcomes
Companies that use Qred AB
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
Qred AB technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability3 records
Feature4 records
Qred AB partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core, flagship and minor.
- Enable BankingcoreFinnish open banking infrastructure provider integrating real-time financial data and account-to-account payment services through PSD2-compliant API connecting to 2,500+ banks in 28 countries.
- LiberisflagshipGlobal embedded finance platform being merged with Qred to create a combined platform serving over 53,000 SMB customers across 17 countries with revenues exceeding EUR 250 million.
- Nordisk E-handelminorE-commerce platform partner offering 3 months free e-commerce services to Qred customers.
- BizzdominorBusiness services partner offering 3 months free access to Bizzdo Plus for customer monitoring and credit information.
- AircallminorCloud-based phone system partner offering 7-day free trial to Qred customers.
- CreditsafeminorCredit check and business monitoring partner offering 14-day free trial to Qred customers.
- FörebyggminorBusiness security and fraud prevention partner offering 90-day free company monitoring to Qred customers.
- FörhandlatminorDigital procurement service partner offering 1 year free membership (value 1450 SEK) to Qred customers.
- Allt om JuridikminorLegal services partner offering courses, advisory services, and contract portal access to Qred customers.
- ÄgarskolanminorEntrepreneur education partner offering free lessons on profitability for Qred customers.
- myflowminorDigital business tools partner offering myflow Basic free for 6 months plus 50% discount on upgrades to Qred customers.
- Hub.meforyou.seminorDigital business network partner offering 20% discount on membership and advertising video packages.
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
Qred AB competitors and assessment
Company assessmentDirect peers
- Tide: UK SMB-focused digital business banking platform offering current accounts, invoicing, and integrated lending. Targets the same underserved small-business segment as Qred with a similar digital-first, multi-product approach.
- Funding Circle: Listed UK SMB lending platform originating term loans to small businesses online. Comparable in target customer and digital underwriting approach, though operates a marketplace model rather than a balance-sheet lending model.
- iwoca: UK-based direct digital lender to small businesses, offering short-term working capital and term loans online. Closely comparable business model to Qred: digital-first SMB underwriting, fast decisioning, and personal-guarantee-driven credit.
- Liberis: London-based embedded finance platform providing revenue-based financing and credit to SMBs via partners. Currently being merged with Qred under Nordic Capital, with combined valuation of approximately £745 million.
- Capital on Tap: UK SMB credit card and lending provider serving small businesses with revolving credit and term loans. Directly comparable to Qred's combined Qred VISA card plus business loan offering.
- Allica Bank: UK digital bank purpose-built for small and medium businesses, offering term loans, asset finance, and business banking. Closely comparable in SMB focus, regulated banking model, and target borrower profile.
Regional players
- Aprila Bank: Norwegian challenger bank offering SMB lending, factoring, and accounting-integrated finance. A direct Nordic regional peer in the same SMB lending category, though operating primarily in the Norwegian market.
- Nordax Bank: Nordic specialist consumer and small-business lender with deposit funding and pan-Nordic operations. A regional peer in the Nordics operating an adjacent unsecured SMB and consumer credit model.
Broad incumbents
- Klarna: Swedish-headquartered global fintech offering payments, consumer credit, and increasingly SMB banking products. Operates broadly in Nordic fintech with overlapping customer base and overlapping talent pool (Qred's CCO came from Klarna).
- Starling Bank: UK digital challenger bank with a strong SMB banking franchise including business accounts and integrated lending. A broader incumbent in the digital SMB banking space with a much larger product portfolio than Qred.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Qred AB social profiles
Digital presenceQred AB compliance and trust
Trust signalCompliance2 records
Qred AB financial estimates
Financial estimateRevenue estimate
Valuation estimate
Qred AB leadership team
Management profileNumber of profiles
Profiles17 records
Qred AB funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Qred AB 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 AB
What does Qred AB do?
Qred Bank AB is a licensed Swedish digital bank providing business loans ranging from SEK 50,000 to SEK 5,000,000 with terms up to 60 months, a corporate Qred VISA credit card with 1% cashback and no annual fee, and savings accounts for private individuals backed by government deposit guarantees. The company also offers specialized loan variants including investment loans, real estate loans, flex loans, and revolving corporate credit, all distributed through a digital self-serve platform.
Is Qred AB a public or private company?
Qred AB is a private company. It is classified as private equity controlled and is currently operating.
When was Qred AB founded?
Qred AB was founded in 2015.
Where is Qred AB based?
Qred AB is headquartered in Stockholm, Sweden, in the Europe region.
How does Qred AB make money?
Four revenue lines are on record. Business Loan Interest is the primary driver. The others are business Credit Card, savings Account Deposits and late Fees and Charges.
Who are Qred AB's main competitors?
Direct peers on record are Tide, Funding Circle, iwoca, Liberis, Capital on Tap and Allica Bank. Regional players are Aprila Bank and Nordax Bank. Broad incumbents are Klarna and Starling Bank.
Does Qred AB have an API?
Yes. Qred provides developer resources for partners and third-party integrations. The developer portal at developers.qred.com indicates they offer API access for partner integrations. Open Banking infrastructure integration is available via partnership with Enable Banking, which provides PSD2-compliant API connectivity to over 2,500 banks in 28 countries for optimized credit decisions and account-to-account payment services. Developer documentation is at developers.qred.com.
What industry is Qred AB in?
Qred AB's product category is Small Business Digital Banking. Its primary akta.pro industry code is FSAGALAD, Embedded Lending & Credit (POS, Working Capital, Credit Lines). Its NAICS code is 52211 and its SIC code is 6153.