Qred is a financial platform for small businesses and one of Europe’s fastest growing fintech companies

Since its inception in 2015, Qred has become a leading provider of financing and payment services to small businesses in the Nordics and the Netherlands, with its fully automated credit system, digital platform and easy, innovative solutions for entrepreneurs seeking financing. Today, Qred has around 12,000 monthly active users of their financing solutions and other credit services.

Qred’s leading technology and automated data processing give companies a quick and easy credit assessment combined with access to personal customer service. The company enjoys high levels of customer satisfaction with many repeat customers. Qred has to date served over 25,000 small businesses in Sweden, Finland, Denmark, the Netherlands and Belgium. In 2020, Qred entered the Brazilian market through a joint venture. It was also ranked by the Financial Times as the eighth fastest growing company in Europe 2020.

Nordic Capital’s investment is made in partnership with Qred’s management and founders, with the goal of together continuing to significantly expand the business across Europe. As an active partner, and one of Europe’s leading private equity investors within Technology and Payments and Financial Services, Nordic Capital will aim to support the company in driving growth, investing in new products for responsible and inclusive lending, and increasing its international presence.

Sector

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Financial Services

Key Information

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Revenues 2021*

EUR 35 million

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Employees

130

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Ownership

Nordic Capital Evolution

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Head office

Stockholm, Sweden

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Investment date

2021

*Reported