About Qred
Qred is a company based in Stockholm (Sweden) founded in 2015 by Thomas Jansson, Jason Francis, and Emil Sunvisson. Qred has raised $11.05 million across 2 funding rounds from investors including Nordic Capital. Qred offers products and services including Företagslån, Qred VISA, and Sparkonto. Qred operates in a competitive market with competitors including Stripe, Flutterwave, Square, PayU and CyberSource, among others.
- Annual Revenue$44.67 M (USD)29as on Dec 31, 2021
- Net Profit$2.2 M (USD)337as on Dec 31, 2021
- EBITDA$2.2 M (USD)337as on Dec 31, 2021
- Total Equity Funding$11.05M (USD)
in 2 rounds
- Latest Funding Round$4.85M (USD), Debt – Conventional
May 2024
- Investors
Products & Services of Qred
Qred offers a comprehensive portfolio of products and services, including Företagslån, Qred VISA, and Sparkonto.
Provides loans for business growth up to 5 million kr
Offers business credit card with 1% cashback and no fees
High-interest account for saving with state guarantee
Funding Insights of Qred
Qred has successfully raised a total of $11.05M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $4.85 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $11.05M
- Total Rounds 2
- Last Round Debt – Conventional — $4.85M
- First Round $11.05M
(Apr 2022)
- Investors Count 1
All 2 funding rounds of Qred with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2024 | $4.85M | Debt – Conventional | – | – | – |
| Apr 2022 | $11.05M | Series B | – | – |
1 investors in total: 1 institutional.
Investors in Qred
Qred has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Nordic Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | nordiccapital.com | - |
Investor details for Qred
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Qred
39 people are tracked at Qred (17 in leadership, 22 in team).
| Name | Role | Group |
|---|---|---|
Thomas Jansson | Co-Founder | Leadership |
Jason Francis | Co-Founder | Leadership |
Emil Sunvisson | Co-Founder & CEO | Leadership |
Karin Nygård Höijer | Head Of Compliance | Leadership |
Orhan Vonk | Head Of Collections | Leadership |
Björn Bondén | Chief Credit Officer | Leadership |
Jenny Arvidsson | Chief Legal Officer | Leadership |
Helena Rissel | Head of Partnerships | Leadership |
Kristoffer Straume | CFO | Leadership |
Marcus Uggla | Chief Revenue Officer (cro) | Leadership |
Mia Rosén | CFO | Leadership |
Johan Ingman | Head Of Business Control | Leadership |
Marie Demselius | Chief Compliance Officer | Leadership |
Dan Arvidsson | Head of Data Science | Leadership |
Sean Belfrage | Head Of Strategy | Leadership |
Farhad Amu | Chief Risk Officer | Leadership |
Fredric S. | Head Of Credit Operations | Leadership |
Erik Petersson | Business Controller | Team |
Ruhina H. | Credit Underwriter - Kyc/aml Analyst | Team |
Filip Bergqvist | Legal Counsel | Team |
19 more people are available in the full profile.
Complete people profiles for Qred
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of Qred
3 dated milestones of Qred across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Qred is founded.
- Funding First funding round of $11.0M.
- Funding Latest funding round, Debt – Conventional, of $4.8M.
Competitors of Qred
Qred operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stripe, Flutterwave, Square, PayU and CyberSource, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| stripe.com | 2009 | San Francisco, United States | $9.81B | 5,904 | Payment processing and card issuance solutions are provided for businesses. | |
| flutterwave.com | 2016 | San Francisco, United States | $319.41M | – | Provider of payment processing solutions for businesses | |
| squareup.com | 2009 | San Francisco, United States | $519.75M | 11,372 | POS solutions are provided for retail businesses. | |
| payu.com | 2002 | Amsterdam, Netherlands | $35.15M | 1,200 | Online payment processing and credit solutions are provided for businesses. | |
| cybersource.com | 1994 | Foster, United States | – | – | Global e-commerce payment processing and security services are managed. | |
| wirecard.com | 1999 | Aschheim, Germany | – | 4,989 | Payment processing solutions are provided for businesses and merchants. | |
| gilion.com | 2021 | Stockholm, Sweden | $42.24M | – | AI-powered growth financing and intelligence are provided to startups. |
Detailed competitors of Qred
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Qred
The website of Qred (qred.se) receives about 22.7K visits a month.
- Monthly visits22.7K
▲ 4.5% vs previous month
Websites whose visitors overlap most with Qred. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| krea.se | 100% | 9.8K | #2,517,989 | View details | |
| almi.se | 92% | 36.9K | #692,168 | View details | |
fedelta.se | fedelta.se | 79% | – | #2,373,052 | – |
bokforingstips.se | bokforingstips.se | 77% | – | #1,731,786 | – |
| mynt.com | 76% | 61.1K | #462,864 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 30 similar websites and full traffic analytics for Qred
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 30 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Latest news on Qred
Complete news archive for Qred
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Qred
10 companies that operate in the same segment as Qred (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 726 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 5,000 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | – | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 349.23 M | USD 106.45 M | 1,749 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | – | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Digital lending and instant credit lines are provided to individuals. | 2016 | Gurugram, Haryana, India | USD 115 M | USD 18.69 M | 81 | |
Personal loans and lines of credit are provided by Mogo. | 2008 | Vancouver, British Columbia, Canada | – | USD 49.45 M | – |
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Frequently Asked Questions about Qred
Qred was founded in 2015 and raised its 1st funding round 7 years after it was founded.
Qred is headquartered in Stockholm, Sweden.
Emil Sunvisson is the current CEO of Qred. They have also founded this company.
Qred is a funded company, having raised a total of $11.05M across 2 funding rounds to date. The company's 1st funding round was a Series B of $11.05M, raised on Apr 2022.
Annual revenue of Qred is $44.67M as on Dec 31, 2021.
Provider of a digital marketplace platform for business loans. It provides users with a platform that connects businesses with financial institutions for multiple loan products including factoring, equipment financing, and credit lines with customized terms, amounts, and repayment options. It also features a NFC-enabled credit card for availing the credit lines.
Qred's top competitors include Stripe, PayU and Flutterwave.
Qred offers Företagslån, Qred VISA, and Sparkonto.
Qred has 1 investor. Key investors include Nordic Capital.
Qred operates through Qred Bank Ab.