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.
- Headquarter Stockholm, Sweden
- Founders Thomas Jansson, Jason Francis, Emil Sunvisson
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Qred Bank Ab
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Annual Revenue
$44.67 M (USD)29as on Dec 31, 2021
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Net Profit
$2.2 M (USD)337as on Dec 31, 2021
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EBITDA
$2.2 M (USD)337as on Dec 31, 2021
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Total Equity Funding
$11.05 M (USD)
in 2 rounds
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Latest Funding Round
$4.85 M (USD), Debt – Conventional
May 03, 2024
- Investors
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Employee Count
Employee Count
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Products & Services of Qred
Qred offers a comprehensive portfolio of products and services, including Företagslån, Qred VISA, and Sparkonto. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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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 Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $4.8M
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First Round
First Round
(04 Apr 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2024 | Amount | Debt – Conventional - Qred | Valuation |
investors |
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| Apr, 2022 | Amount | Series B - Qred | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Qred
Qred has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Nordic Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Qred
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Qred
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Qred Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Payment processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Global e-commerce payment processing and security services are managed.
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| domain | founded_year | HQ Location |
Payment processing solutions are provided for businesses and merchants.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Qred
Frequently Asked Questions about Qred
When was Qred founded?
Qred was founded in 2015 and raised its 1st funding round 7 years after it was founded.
Where is Qred located?
Qred is headquartered in Stockholm, Sweden.
Who is the current CEO of Qred?
Emil Sunvisson is the current CEO of Qred. They have also founded this company.
Is Qred a funded 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 04, 2022.
What is the annual revenue of Qred?
Annual revenue of Qred is $44.67M as on Dec 31, 2021.
What does Qred do?
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.
Who are the top competitors of Qred?
Qred's top competitors include Stripe, PayU and Flutterwave.
What products or services does Qred offer?
Qred offers Företagslån, Qred VISA, and Sparkonto.
Who are Qred's investors?
Qred has 1 investor. Key investors include Nordic Capital.