Qred is a Swedish fintech bank founded in 2015 that provides lending and payment products for small businesses and entrepreneurs. The company obtained its banking license in 2023 and now operates across seven European markets: Sweden, Finland, Denmark, Norway, the Netherlands, Belgium, and Germany.
The company's core offerings are flexible business loans available in amounts up to SEK 5,000,000 (€500,000 in other markets) with no binding periods or early repayment fees, and a Qred VISA business credit card offering 1% cashback with no monthly or annual fees. Both products are built on proprietary credit-scoring technology and data-driven lending models designed to serve small businesses that traditional banks often overlook.
Qred has distributed over SEK 10 billion to more than 50,000 entrepreneurs and generates over SEK 1 billion in annual revenue. The company has been named one of Europe's fastest-growing companies by the Financial Times for six consecutive years (2020–2026) and won the Nordic Scaleup Award in 2024. The company operates with scalable digital infrastructure while maintaining profitability.