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Stockholm, March 2, 2023 - When the Financial Times today published its list of Europe’s 1,000 fastest growing companies Qred, the leading small business financier in the Nordics and Benelux, made it onto the list for the fourth consecutive year. Qred top-ranked among the Swedish fintech companies, and ranked 10th among the Swedish companies in all industries. The fintech company is also the first Swedish company ever to make the list four years in a row, showcasing a tremendous growth.
“When we started Qred eight years ago, we set out to support an underbanked segment. Our vision is to be the number one in Europe in financing for small businesses online and with this rate of growth we're well on our way. We are very proud to have made the Financial Times’ list yet another year. And we have in no way slowed down during the past year; we have scaled our digital platform to Norway, continued our growth and broadened our product portfolio”, says Emil Sunvisson, CEO at Qred.
Yesterday, Qred published their year end report for 2022 showing continued strong growth and profitability. During the past year the company increased its operating income by 49% and the number of monthly active users surpassed 16,500, indicating an increase of 23 %. In addition, Qred also continued to grow the team to 180 people. In February 2022, the online financing platform was launched in the Norwegian market, making Qred the first financing platform for SMEs with presence throughout the Nordic region.
“At Qred we really understand small businesses' wants and needs - we have been in their same situation ourselves. We have therefore been able to grow and scale at a record breaking speed since start while still being profitable - something that has rarely been seen in the fintech industry”, Sunvisson continues.