About Qred

This startup provides automated credit assessment and data processing technology tailored for small businesses in the Nordics and the Netherlands, facilitating access to various loan options. By combining these technologies with personalized customer service, the company enables clients to secure financing for growth and operational needs efficiently.

```xml <problem> Small businesses in the Nordics and the Netherlands often face challenges in accessing financing due to lengthy processes and strict requirements from traditional banks. This can hinder their ability to invest in growth and manage operational needs effectively. </problem> <solution> Qred Bank provides streamlined financing solutions tailored for small and medium-sized businesses (SMBs), offering both business loans and a business credit card. Their business loans range from 50,000 kr to 5,000,000 kr with flexible repayment terms up to 36 months and no binding period. The Qred VISA card offers 1% cashback on all purchases, digital receipt management, and integration with Apple Pay and Google Pay. Qred also offers personal savings accounts with fixed or variable interest rates, all protected by a deposit guarantee. </solution> <features> - Business loans from 50,000 kr to 5,000,000 kr with repayment terms from 1 to 36 months - No binding time on business loans, allowing early repayment without extra cost - Fast application process with decisions within 24 hours - Qred VISA business credit card with 1% cashback on all purchases - Digital receipt management via the Qred mobile app - Integration with Apple Pay and Google Pay for contactless payments - Personal savings accounts with both fixed and variable interest rate options - Deposit guarantee on savings accounts - Secure identification and signing using BankID - Fast and secure transfers via Trustly </features> <target_audience> Qred Bank primarily targets small and medium-sized business owners in the Nordics and the Netherlands seeking accessible and flexible financing options, as well as individuals looking for secure savings accounts with competitive interest rates. </target_audience> <revenue_model> Qred generates revenue through interest and fees on business loans, interchange fees from the Qred VISA business credit card, and the spread between deposit and lending rates. </revenue_model> ```

What does Qred do?

Where is Qred located?

Qred is based in Stockholm, Sweden.

When was Qred founded?

Qred was founded in 2015.

How much funding has Qred raised?

Qred has raised 22720000.

Location

Stockholm, Sweden

Founded

2015

Funding

22720000

Employees

229 employees

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Qred

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Executive Summary

qred.se 5K+

Founded 2015 – Stockholm, Sweden

Funding

Estimated Funding

$20M+

Team (100+)

No team information available.

Company Description

Problem

Small businesses in the Nordics and the Netherlands often face challenges in accessing financing due to lengthy processes and strict requirements from traditional banks. This can hinder their ability to invest in growth and manage operational needs effectively.

Solution

Qred Bank provides streamlined financing solutions tailored for small and medium-sized businesses (SMBs), offering both business loans and a business credit card. Their business loans range from 50,000 kr to 5,000,000 kr with flexible repayment terms up to 36 months and no binding period. The Qred VISA card offers 1% cashback on all purchases, digital receipt management, and integration with Apple Pay and Google Pay. Qred also offers personal savings accounts with fixed or variable interest rates, all protected by a deposit guarantee.

Features

Business loans from 50,000 kr to 5,000,000 kr with repayment terms from 1 to 36 months

No binding time on business loans, allowing early repayment without extra cost

Fast application process with decisions within 24 hours

Qred VISA business credit card with 1% cashback on all purchases

Digital receipt management via the Qred mobile app

Integration with Apple Pay and Google Pay for contactless payments

Personal savings accounts with both fixed and variable interest rate options

Deposit guarantee on savings accounts

Secure identification and signing using BankID

Fast and secure transfers via Trustly

Target Audience

Qred Bank primarily targets small and medium-sized business owners in the Nordics and the Netherlands seeking accessible and flexible financing options, as well as individuals looking for secure savings accounts with competitive interest rates.

Revenue Model

Qred generates revenue through interest and fees on business loans, interchange fees from the Qred VISA business credit card, and the spread between deposit and lending rates.