Founded in 2015, Qred is a financial technology company dedicated to providing accessible financing for small and medium-sized enterprises (SMEs). Its mission is to simplify and accelerate the lending process, which is often slow and complex with traditional banks. Qred utilizes a proprietary AI-powered platform for automated credit scoring and processing, allowing for quick loan decisions and disbursements. The company has expanded beyond business loans to offer services like business credit cards and invoicing tools, positioning itself as a neobank for small businesses. In May 2023, Qred was granted a full banking license by the Swedish Financial Supervisory Authority (Finansinspektionen), solidifying its status as a regulated credit institution.

Founded in

Sweden