Qred and Dinero enter into partnership


A new collaboration between accounting software Dinero and fintech company Qred will give small and medium-sized businesses better access to simple and flexible financing. 

If you are a Dinero customer, you can now apply for a business loan directly through your account. Qred uses a self-developed credit rating system that draws on its own data and information about the company for a quick and thorough overall assessment of the company's finances. The collaboration between Qred and Dinero gives customers access to liquidity and the ability to weather tough economic times and grow their business.

"We chose to work with Qred because they are lightning fast. When the pizza oven suddenly burns down, a new one is needed to keep the business running. In this situation, it is not sustainable to have to go through a long process with your bank. For the business owner, it's a matter of survival."

- Martin Thorborg, co-founder and CEO of Dinero.

Shared ambitions to promote entrepreneurship and offer small and medium-sized companies the best possible conditions for doing business have been the starting point for the collaboration between Dinero and Qred.

"Like Dinero, Qred has a completely transparent business model. There are no extra costs or complicated installment plans. As a user, you pay a fixed amount every month, and if you find a cheaper loan somewhere else in town, you can pay off your loan at no extra cost."

- Martin Thorborg

In just four years, Qred has already helped 8,000 businesses with financing. The tech company uses the same data as traditional banks to determine whether a small business can be approved for a loan, but also includes non-traditional sources in the credit assessment, such as the company's geodata and payment history. It's this technological approach to lending that has made the service a huge success in Denmark and the rest of Scandinavia.

"Dinero has for years delivered the best business solutions for the smallest companies and is therefore an important strategic partner for us. The businesses we meet are very different, but the basic challenge is the same. They are hampered by the difficulty of obtaining the necessary funding to grow their business and keep it running." 

- Nanna Thorø Liebregt, Country Manager at Qred.

For startups and small businesses in Denmark, it's difficult to get the bank on board in the desired way. When Qred is able to help these businesses, it's because Qred has developed an automated, digitized and efficient lending platform.

Qred offers an alternative and flexible solution for businesses. Businesses can borrow up to DKK 250,000 for up to 12 months. There are no set-up or hidden fees. Instead, repayment is comparable to a subscription solution, where a fixed fee is paid per month. Since the company can repay the loan at any time at no cost, this means that you only pay a monthly fee for the months you actually have the loan.

How to apply for a business loan via Dinero

  • Log in to Dinero -> Select settings -> Integrations -> Start Qred business loan application.
  • Complete the application. Finish by giving consent for the information provided to be shared with Qred.
  • Once the application is submitted, you'll receive a call within an hour for a loan review.
  • The loan offer is sent by email and SMS for signing with NemID. 
  • The money is paid out the same day and posted to your Dinero account.

For more information, visit www.dinero.dk

About Qred Bank AB

Qred is a bank for entrepreneurs by entrepreneurs. Founded in 2015, Qred is the newest bank in Europe to be named one of Europe's fastest growing fintech companies in the Nordics for four consecutive years. With operations in Sweden, Finland, Denmark, the Netherlands, Brazil, Belgium and Norway, Qred is a market leader in business loans for small and medium-sized enterprises and has today issued business loans to thousands of entrepreneurs. With a proprietary automated credit scoring system, Qred offers a fast application process and competitive financing for business owners. Read more at www.qred.dk


Sanne Holmvang
Marketing Manager, Denmark