Qred is a dynamic financial institution that emerged in Stockholm in 2015, with a mission to enhance the banking experience for small businesses and prioritize customer needs. Over the years, Qred has expanded its reach, opening offices in Finland, Latvia, Denmark, the Netherlands, Brazil, Belgium, and Norway, and launching various services to cater to the evolving needs of its clientele.

This bank specializes in short-term business loans, offering financial solutions that range from DKK 10,000 to DKK 2,000,000 with a flexible repayment period of 1 to 12 months. Notably, Qred stands out for its 0% interest rate on loans, which is complemented by a fixed monthly fee. This fee is determined based on an individual credit assessment, ensuring a tailored approach to each customer’s financial situation.

Qred’s approach to lending is straightforward and user-friendly. Businesses can apply for loans without worrying about hidden costs or binding periods, enjoying a transparent and efficient process. The institution’s credit evaluation is meticulous, considering various parameters to offer personalized financing solutions.

In its journey from a startup to becoming one of Europe’s fastest-growing fintech companies, Qred has remained committed to supporting entrepreneurs and small businesses. By providing rapid loan disbursements and integrating user-friendly features like My Qred and partnerships for enhanced payment services, the bank continues to challenge traditional banking norms, offering a supportive and innovative platform for business growth.