Series B · Fintech · Stockholm, Sweden · Founded 2015 · 200–250 employees
Qred is a tech-enabled bank offering automated digital financing solutions for small businesses across Europe. Founded in 2015 in Stockholm, the company has become the market leader in Northern Europe for business loans, serving over 50,000 businesses and helping create over 40,000 new jobs. The company received a full banking license from the Swedish Financial Supervisory Authority in 2023, making it Europe's youngest bank. Qred has been recognized by the Financial Times as one of Europe's fastest-growing companies for six consecutive years and won the Nordic Scaleup Award in 2024. Nordic Capital invested approximately €49 million in the company in 2021, valuing it at over €98 million.