Qred is Europe's newest bank


Johannes Stevense
Marketing Manager
Qred ("Qeld"), Sweden's fastest growing fintech company, today activates its banking license and becomes Europe's newest bank for small businesses.

Stockholm, Oct. 2 - Qred, Sweden's fastest growing fintech company according to the Financial Times, is pleased to announce that the banking license it acquired in May has now been activated and the company is officially a bank.

Qred can now offer savings accounts to retail consumers at competitive rates, allowing the company to start offering even better terms to its customers. The company will also be able to expand its service offerings and provide its customers with even more comprehensive financial solutions. This license recognizes the company's commitment to offering accessible and tailored financial products to small businesses.

"Becoming Europe's newest bank for small businesses is a significant achievement for Qred. It demonstrates our commitment to providing our customer segment with the financial tools they need to succeed. This milestone will allow us to improve our product offering and provide our customers with a more even range of financial support. I look forward to showing Europe's small businesses what a bank should look like." says Emil Sunvisson, CEO of Qred.

About Qred

Qred, founded in 2015 by entrepreneurs for entrepreneurs, is Europe's newest bank for small businesses. Recognized by the Financial Times as one of Europe's fastest-growing companies four years in a row, the fintech company is a market leader in the Nordic region. With offices in Sweden, Finland, Denmark, the Netherlands, Brazil, Belgium and Norway, Qred has helped tens of thousands of businesses. With its fully automated, proprietary credit scoring system, Qred can offer business owners the power they need to grow quickly and competitively.