Open Banking Provider Enable Banking Teams Up with Qred Bank

Enable Banking, the open banking provider offering business account connectivity and account-to-account payment infrastructure, has partnered with Qred Bank, a provider of financing solutions tailored to entrepreneurs’ needs.

Qred specializes in delivering “flexible” financing, enabling entrepreneurs to focus on growing their businesses without the “constraints of traditional banking systems.”

Qred was founded in 2015 with a mission to make business financing more accessible.

With operations across Sweden, Finland, Norway, Denmark, the Netherlands, Belgium, Germany, and Brazil, Qred claims that it has supported “over 50,000 businesses, helping them invest, grow, and expand without the complexities of traditional banking.”

Offering business loans from €5,000 to €500,000, Qred gives entrepreneurs the freedom to “repay early, ensuring they only pay for the time they need.”

The partnership integrates Enable Banking’s open banking connectivity with Qred’s risk assessment and decision-making platforms.

This collab enables real-time financial data analysis, helping Qred streamline credit decisions, “enhance customer experiences, and expand its offerings to meet the unique needs of entrepreneurs.”

Additionally, by leveraging Enable Banking’s account-to-account payment infrastructure, Qred is “making it easier for its customers to manage payments seamlessly.”

The partnership optimizes Qred’s operational efficiency by “automating previously manual processes.”

Enable Banking’s joint effort with Qred builds upon its “position in the open banking business account market.”

Sarah Häger, CCO at Enable Banking, said:

“We are thrilled about our partnership with Qred. This collaboration highlights the transformative potential of open banking in accelerating the Bank’s business processes and driving innovation. Helping Qred leverage the power of open banking in its processes is a perfect fit for us. From the very beginning, the collaboration has been seamless, and it’s been a pleasure working with such a bright, forward-thinking team who are eager to make things happen and take advantage of Open Banking. Together, we’re creating something truly impactful for entrepreneurs, and we’re excited to support Qred as they continue to empower entrepreneurs with flexible and efficient financing options across Europe.”

Emil Sunvisson, CEO of Qred, commented:

“Partnering with Enable Banking is another step forward for Qred. Their open banking connectivity enables us to enhance our risk analysis, streamline operations, and drive growth. This partnership allows us to deliver a smooth customer experience and stay true to our mission of powering entrepreneurs. Together, we’re helping small businesses thrive and create new job opportunities.”

As noted in the update, Enable Banking is a second-generation open banking infrastructure provider offering “access to over 2,500 European banks across 28 countries through a single PSD2-compliant API.”

Supporting both consumer and business accounts, they enable “access to financial data and account-to-account payments through open banking.”

As a licensed Account Information Service Provider (AISP), Enable Banking empowers businesses to “connect, manage, and leverage transactional data to build their own innovative solutions.”

They focus on simplifying the complexities of open banking connectivity, enabling our clients to enhance “customer experiences, develop tailored financial services, and drive sustainable growth — all while ensuring full compliance and data privacy.”



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