Nordic Capital Evolution has signed an agreement to invest in the fast-growing fintech company Qred.
Founded in 2015, Qred is one of the leading providers of financing and payment solutions to small businesses in the Nordics and the Netherlands.The company provides innovative solutions for small businesses and entrepreneurs looking for financing with their automatic credit system. Nordic Capital will support the company in their efforts for growth, developing new products for responsible and inclusive lending, and expanding in new marketings.
Qred has recently launched the first credit card for small businesses. It will allow small businesses to take advantage of a credit facility to grow their business.
“Qred has shown that there is a large and growing demand for small business loans that the big banks fail to address. We are now ready to take the next step in the expansion of our digital product offerings by developing Qred into the leading financial platform for small businesses in Europe. I am thrilled to have Nordic Capital on board. They are the best possible partner for us on this journey, and we look forward to drawing on their expertise within technology and financial services and benefitting from their large international network,”
Emil Sunvisson, CEO and co-founder of Qred.