Financial Times names Nordic Capital-backed Qred as one of the fastest growing companies in Europe for the fourth consecutive year

Qred, a leading financier of small businesses in the Nordics and Benelux, and one of Europe’s fastest growing fintech companies was top-ranked among the Swedish fintech companies, and ranked 10th among the Swedish companies across all industries. It is also the first Swedish company ever to make the list four years in a row, showcasing tremendous growth.

Kristoffer Melinder, Managing Partner, Nordic Capital Advisors, commented: "It is fantastic to see Qred included in this impressive list for the fourth time. During 2022, the Company continued on its rapid growth trajectory, scaling its digital platform and broadened its product portfolio. Qred’s achievements showcase how Nordic Capital can successfully support mid-market companies within its focus sectors. We congratulate Qred on their ranking.”

Since its inception in 2015, Qred has become a leading and profitable provider of financing and payment services to small businesses and has to date served over 40,000 businesses in the Nordics and Benelux with a large positive impact to society, contributing to c.30,000 new job creations. Its technology and automated data processing platform is enabled by AI and gives companies a quick and easy credit assessment, which is also combined with access to personal customer service.

Nordic Capital’s Evolution Fund invested in Qred in September 2021.

Now in its seventh year, “The FT 1000: Europe’s Fastest Growing Companies 2021” is a list of the top 1,000 companies in Europe that have achieved the highest percentage growth in revenues between 2018 and 2021. The minimum average growth rate required to be included in the ranking this year was 36.2%.The full list of the FT 1000 rankings can be found here:  FT 1000: Europe’s Fastest Growing Companies | Financial Times

Press contact
Katarina Janerud, Communications Manager
Nordic Capital Advisors
Tel: +46 8 440 50 50
e-post: katarina.janerud@nordiccapital.com

About Nordic Capital

Nordic Capital is a leading private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and selectively, Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested EUR 22 billion in over 130 investments. The most recent entities are Nordic Capital XI with EUR 9.0 billion in committed capital and Nordic Capital Evolution with EUR 1.2 billion in committed capital, principally provided by international institutional investors such as pension funds.  Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway and South Korea. For further information about Nordic Capital, please visit www.nordiccapital.com

“Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors”