Copenhagen, 2 March 2023 - When the Financial Times today published its list of Europe's 1,000 fastest growing companies, Qred, the leading small business finance company in the Nordics and Benelux, made the list for the fourth year running. Qred ranks number 1 in Sweden within the fintech industry and number 10 in Europe among all industries. The fintech company is also the first Swedish company ever to make the list four years in a row, showing tremendous growth.
"When we started Qred eight years ago, we set out to support a segment that didn't have enough banks. Our vision is to become the number one online small business finance provider in Europe, and with this growth rate we are well on our way. We are very proud to have made the Financial Times list for another year. And we have by no means slowed down over the past year; we have scaled our digital platform to Norway, continued our growth and expanded our product portfolio," says EMill Sunvisson, CEO of Qred.
Yesterday, Qred's 2022 annual report was published, showing continued strong growth and profitability. Over the past year, the company increased its operating income by 49% and the number of monthly active users exceeded 16,500, indicating an increase of 23%. In addition, Qred also continued to expand its team to 180 people. In February 2022, the online financing platform was launched on the Norwegian market, making Qred the first financing platform for SMEs with a presence across the Nordic region.
"At Qred we really understand the wants and needs of small businesses - we've been in their shoes. We have therefore been able to grow and scale at record speed - something rarely seen in the fintech industry", continues Emil Sunvisson.
Founded in 2015 by entrepreneurs for entrepreneurs, Qred is now Sweden's fastest growing fintech company according to the Financial Times. Qred is the market leader in the Nordic countries and has Denmark's most satisfied customers according to trustpilot. With operations in Sweden, Finland, Denmark, Norway, Brazil and Belgium. Qred has helped more than 25,000 companies. Qred's automated credit scoring system enables Qred to quickly and competitively offer business owners what they need to grow.