Qred, a bank based in Sweden, states that it is raising the loan limit for small business owners. Customers can now apply for loans “up to 5 million SEK, an increase of 3 million SEK from the previous maximum amount.” The increase is part of… Read More
Read more in: Fintech, Global | Tagged banking, europe, loans, qred, sweden
Qred, Sweden’s fintech company, is announcing that the banking license the company acquired in May is now “activated and the company is officially a bank.” In addition to this, Qred is re-appointing Mattias Carlsson, former long standing CEO of TF Bank, as Chair of the… Read More
Read more in: Fintech, Global | Tagged banking, banking license, digital banking, emil sunvisson, europe, financial services, fintech adoption, fintech trends, qred, sweden, update
Qred, which claims to be one of Europe’s fastest-growing companies, has been granted a full bank license by the Swedish Financial Supervisory Authority (SFSA). Using its proprietary AI-powered financing platform, Qred has since inception in 2015 “issued over 100,000 loans to small businesses in the… Read More
Read more in: Artificial Intelligence, Fintech, Global | Tagged banking, banking license, emil sunvisson, europe, financial services, qred, sweden, swedish financial supervisory authority
Stockholm-headquartered Qred, a small business lending service provider, has reportedly received a substantial investment from Nordic Capital. Although the exact amount invested has not been shared publicly, Sweden’s Breakit.se reveals that Nordic Capital may have invested just over half a billion kronor (appr. €49 million)… Read More
Read more in: Fintech, General News, Global | Tagged europe, lending, nordic capital, qred, small businesses, smbs, sme's, stocholm, sweden
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