With over 30 000 businesses helped, Qred was listed as the fastest-growing company in Sweden by the Financial Times. Our goal is all about empowering you.
Our loans do not have a separate interest rate. Instead, we charge a fixed amount each month you have the loan - there are no other fees. The monthly fee is individual and based on your company's qred-score, which is based on many dozens of data points and parameters and gives an overall evaluation of each application. As the loan has no lock-in period, you can pre-pay at any time and only pay for the months you keep the loan. That is, you can save significantly if you choose to pre-pay your loan.
You'll get a reminder, and we will reach out. It's important to pay on time to avoid late fees, and eventualy debt collections. Moreover, if you pay according to play you can typically apply for additional funds in the future.
All limited liability business, partnerships, sole proprietorships / traders, and more can apply and be approved a loan. It can be a proud, old business, or a brand new startup, large or small. We work with businesses in virtually every industry, from north to south - even businesses with a checkered credit history can qualify. We evaulate each business individually - the key for us is that there is a solid business idea and qualified business owners behind the company.
You pay a fixed amount each month. If you took a loan on the 10th, then your first invoice will have due date on the 11th of the following month. We send invoices 10 days before the payment deadline.
No, as long as you choose the default option of PDF-invoice via e-mail. If you prefer a mailed paper invoice there is a 5€ charge for postage and handling.
This is an example monthly fee. Pricing is determined by the Qred Score Algorithm. You are only required to pay for the months you actually keep the loan.
As business owners, we’ve experienced the difficulties in working with the big banks. That's why we set out to offer convenient and flexible financing for small businesses.
Qred at a glance
7200%
growth
100+
talents
6
markets
5000+
created jobs
Testimonials
Qred helped me keep what I had when times were tough.
Jani Parkkonen
Gatemania
The bank says "no" right off the bat, but with Qred you get help immediately. What a difference!
Marko Mäkilä
Vaskion Mauste
Thanks to Qred, we could lease our company car and pay out salaries.
Once upon a time, a relatively young and hopeful entrepreneur started a small business. Everything was fresh, exciting and a bit unfamiliar. The first thing that needed to be done was to obtain a bank certificate stating that the founder’s hard-earned and saved start-up equity capital had been deposited. With pride, the entrepreneur went to the nearest bank to announce that he wanted to open an account for his new business and deposit one hundred thousand kroner into his account.
He enthusiastically described his plans to the inscrutable bank clerk, who asked, “but why have you chosen to come to our bank?” The entrepreneur was taken aback, since this bank had received the prestigious “Best Swedish Commercial Bank” award, but he calmly replied because it seemed like a good business bank. After 15 minutes, the entrepreneur was informed that the bank did not believe in his idea and that the bank therefore rejected his customer application...
We are proud to cooperate with a broad range of businesses that provide B2B services and products to small businesses. Our ambition is to help you increase the value you provide to your clients, and help your clients in turn reach their goals. Our track record and flexibility often makes it possible for us to create a valued partnership with financing solutions that are tailored to your needs and those of your customers.
Businesses that sell goods and/or services to other businesses, for example, lease companies, IT-services, inventory and business supplies, professional cleaners, financial advisors, etc. are eligible for a Qred partnership. If you or your company cater to the business market, not the consumer market, you can become a Qred partner and help other businesses find the right financing for your products.
Qred is an expert in business loans and company financing. Founded in 2015, Qred’s mission is to power entrepreneurs and help businesses grow, invest and expand. We provide flexible business loans without start-up costs, hidden fees or hassle: exactly how business lending should be.
Qred does not have a standard interest fee, instead, we make individual assessments for each company - offering them a personalised quote that best matches their needs. Qred does offer full transparency and easy-to-understand loan terms. For example, we have no start-up costs, hidden fees and don’t work with lock-in periods. Instead, customers have the option to repay the loan in full at any time, giving entrepreneurs the option to remain in control of their finances. What do our customers pay monthly? We charge a standard service fee for our loans (based on loan term, individual credit rating and amount), combined with a standard amortisation fee. Combine the two (service + amortisation) and those are the standard monthly payments, without unexpected surprises. Clear, easy and transparent: that is why savvy entrepreneurs choose Qred for business loans and financing.
Signing up as a partner is as easy.Just like applying for our business loans is as well! You can simply indicate your interest via our Partner page by clicking on the button ‘Become a partner’ and provide us with your company details and contact information. Our partner manager will then take your application into immediate consideration and reach out to discuss the opportunities further.
As a partner of Qred you enjoy multiple benefits. Firstly, you are eligible for a commission on each successful referral (accepted loan). Secondly, a partnership with Qred is the ideal opportunity to expand your business reach and broaden your customer base. For example, do you sell goods or services to other businesses, like company vehicles, IT-services or supplies? Then a partnership with Qred helps your customers find quick and reliable financing to purchase your products. Our partners help other businesses grow, invest and innovate, whilst getting rewarded for it: it’s a win-win-situation for all.
Advantages partnership:
Commission on each successful referral (accepted loan)
Attractive growth opportunities in a competitive market
Help your customers find quick financing for your products and/or services
Expand your business reach and broaden your customer base
Qred is fully responsible for the financial risk: you have zero risk or liability
Become affiliated with the 8th fastest growing company in Europe
Take advantage of expertise on how to maximise your partner potential
All companies may need some extra cash from time to time. We want it to be easy, fast and safe to get a business loan. That’s why we started Qred.
From the start, Qred received a fantastic reception from tens of thousands of small businesses. It feels almost unreal that it is actually possible to challenge the old established banks without being particularly large or strong. My conclusion is that heart and ambition mean more than muscle and tradition.
We are today one of the fastest growing fin-tech companies in the Nordic region, and we have already lent over SEK 2 billion to the smallest companies. It is money that comes in handy – many of our customers stand without traditional bank financing, even though they are run by competent and skilled contractors.
The banks are stuck in a costly costume and small business owners are seen as inconveniences, and not as partners. According to a recent survey, only every 10th company with up to 20 employees has loans from the bank. At the same time, over 80% of all new jobs in Sweden are created today by small companies.
Qred offers loans to small companies in the Nordic region and in the Netherlands. The loans are relatively small (up to around SEK 1 million), and have relatively short maturities (the loans are normally repaid with up to 12 monthly instalments). By limiting the loan amounts and the credit period, we keep the risk down.
Thanks to our unique scoring model and our large and diversified customer base, we have relatively small and very predictable loan losses, which in turn leads to good profitability.
Welcome to Qred!
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Board of directors
Thomas Jansson
Chief Growth Officer and co-founder
M.Sc. Accounting (Åbo Akademi University). Former COO and Business Development Manager at Tact Group.
Andrea Gisle Joosen
Styrelseledamot
Board member since 2019. Born 1964.
Ba & MSc Business Administration & Marketing (Copenhagen Business School).
Chairman of Acast and board member of ICA Gruppen, BillerudKorsnäs and Dixons Carphone.
Mattias Carlsson
Styrelseordförande
Chairman of the Board since 2017. Born 1972.
M.Sc. in Engineering Physics (Uppsala University).
CEO at TF Bank.
Emil Sunvisson
CEO and co-founder
MBA (Stockholm School of Economics), M.Sc. Engineering (Royal Institute of Technology in Stockholm). Former CEO of Cherry.
Jason Francis
Vice CEO, Head of Customer Success and co-founder
MBA (Stockholm School of Economics). MA Econ (Duke University). Former Nordic Strategic Manager at Trygg Hansa and Management Consultant at Oliver Wyman.
Executive management
Marcus Uggla
Chief Product Officer
MSc in Accounting and Financial Management (Stockholm School of Economics). Former Senior Product Manager at Klarna, Digital Director at Departments & Stores Europe and COO at Campadre
Andres Sehr
Chief Marketing Officer
Bachelor Comm Finance and Marketing (University of Toronto). Former CMO at Hedvig, Director of Marketing at Truecaller and Marketing DIrector at Spotify.
Oliver Dolan
Chief Technology Officer & CIO
M.Sc Decision Support & Risk Analysis (Stockholm University) and 1:1 B.Sc. Computer Systems Engineering. Former Engineering Manager at Worldfavor.
Elina Eriksson
Chief Compliance Officer
Qualified as a solicitor in England and Wales, and the Republic of Ireland (BPP Law School, London).
Former Associate at Hogan Lovells International LLP.
Jenny Arvidsson
Chief Legal Officer
Juris Doctor (Santa Clara University School of Law).
Former Associate at Bird & Bird and Attorney at Pillsbury Winthrop Shaw Pittman LLP.
Thomas Jansson
Chief Growth Officer and co-founder
M.Sc. Accounting (Åbo Akademi University). Former COO and Business Development Manager at Tact Group.
Mia Rosén
Chief Financial Officer
Master’s degree in Economics (University of Borås). Former CFO at Widespace and Head of Group Accounting at Hoist Finance.
Emil Sunvisson
CEO and co-founder
MBA (Stockholm School of Economics), M.Sc. Engineering (Royal Institute of Technology in Stockholm). Former CEO of Cherry.
Jason Francis
Vice CEO, Head of Customer Success and co-founder
MBA (Stockholm School of Economics). MA Econ (Duke University). Former Nordic Strategic Manager at Trygg Hansa and Management Consultant at Oliver Wyman.
Bond information
Bond information
Senior secured bond
Nominal amount: EUR 40,000,000
ISIN: SE0012507267
Floating interest rate EURIBOR 3m plus 8.5%
Matures in June 2022
Group ownership: EUR 14,900,000
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Contact
For more information, feel free to contact me via e-mail or phone
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