Qred AB

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.

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

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

• Small business lending
• Digital business banking
• SMB credit cards
• Business financing
• Savings accounts

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. Business Credit Card: Qred VISA credit card generating interchange fees on transactions, with 1% cashback to customers. No annual fee model.
3. Savings Account Deposits: Deposit-taking from private individuals in Sweden and Germany, using deposits to fund lending operations.
4. Late Fees and Charges: Late payment fees (200 SEK), paper invoice fees (30 SEK), and reversal fees (500 SEK) for business loans.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core 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

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability3 records

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core, flagship and minor.

• Enable BankingcoreTechnology or Integration · 31 January 2025Finnish 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.
• LiberisflagshipStrategic or Co-development PartnerGlobal 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-handelminorGTM or Marketing PartnerE-commerce platform partner offering 3 months free e-commerce services to Qred customers.
• BizzdominorGTM or Marketing PartnerBusiness services partner offering 3 months free access to Bizzdo Plus for customer monitoring and credit information.
• AircallminorGTM or Marketing PartnerCloud-based phone system partner offering 7-day free trial to Qred customers.
• CreditsafeminorGTM or Marketing PartnerCredit check and business monitoring partner offering 14-day free trial to Qred customers.
• FörebyggminorGTM or Marketing PartnerBusiness security and fraud prevention partner offering 90-day free company monitoring to Qred customers.
• FörhandlatminorGTM or Marketing PartnerDigital procurement service partner offering 1 year free membership (value 1450 SEK) to Qred customers.
• Allt om JuridikminorGTM or Marketing PartnerLegal services partner offering courses, advisory services, and contract portal access to Qred customers.
• ÄgarskolanminorGTM or Marketing PartnerEntrepreneur education partner offering free lessons on profitability for Qred customers.
• myflowminorGTM or Marketing PartnerDigital business tools partner offering myflow Basic free for 6 months plus 50% discount on upgrades to Qred customers.
• Hub.meforyou.seminorGTM or Marketing PartnerDigital business network partner offering 20% discount on membership and advertising video packages.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct 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

• Xinstagram.com/qredbank
• Facebookfacebook.com/qredsverige
• LinkedInlinkedin.com/company/qred
• Instagraminstagram.com/qredbank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Qred AB