Qred and Webrock Launch Joint Venture in Brazil

26/9/2019
Fintech scale-up Qred and investment company Webrock Ventures today announce a joint venture in Brazil. Qred’s digital technology for SME lending will be combined with local expertise and financing from Webrock Ventures and Swedish investment fund manager Atlant Fonder.

“The vast majority of small businesses still lack access to credit in order to invest and grow, despite the Brazilian economy digitizing at full tilt,” says Emil Sunvisson, CEO of Qred.

Adriano Duarte, Co-founder and CEO of the new Brazilian company, adds: “It is important to establish a well-functioning small business financing in Brazil that will foster both individual SME businesses and the nation’s economic development. That’s where we have an important and impactful role to play."

In partnership with Webrock Ventures, Qred will establish its business model in a country where over 15 million small businesses generate over 25% of the country's GDP, and SMEs account for 2/3 of all private sector employment.

"We are very excited about this investment, which fits naturally into our portfolio of fast-growing tech companies with Nordic roots in Brazil. Together with Qred and Atlant Fonder, we have great potential to be a viable player in online corporate loans in one of the world’s largest and fastest growing digital economies,” says Joakim Pops, Founding Partner at Webrock Ventures.

The driver behind Qred’s progress in Europe is a fully digital application process integrated with scores of sources of credit data, combined with with high-touch personal service. This has allowed Qred, since its 2015 inception, to quickly expand from Sweden to Finland, Denmark and the Netherlands.

“Qred has shown that loans to small companies provide very strong risk-adjusted returns with a low correlation to the fixed income and equity markets. Demand for this type of asset is growing rapidly and we see great potential to increase exposure to Brazil,” says Taner Pikdöken, manager of Atlant Fonder.

Author

Christian Billing
Marketing Manager Sweden
Qred AB
christian.billing@qred.com

Boilerplate

Founded in 2015 by entrepreneurs for entrepreneurs, Qred is now Sweden’s fastest growing fintech company according to Financial Times. Qred is the market leader in the Nordic region and has Sweden’s most satisfied customers according to Trustpilot. With operations in Sweden, Finland, Denmark, the Netherlands, Brazil and Belgium - Qred has helped more than 25,000 companies Qred’s fully automated, proprietary credit scoring system allows us to quickly and competitively provide business owners with the power they need to grow. Right now, Qred is creating ten jobs a day, 7 days a week.


To read more about Qred, please visit: About Qred


Qred grundades 2015 av entreprenörer för entreprenörer och är Sveriges snabbast växande fintechföretag enligt Financial Times. Qred är marknadsledare i Norden och har Sverigest nöjdaste kunder enligt Trustpilot. Med verksamhet i Sverige, Finland, Danmark, Nederländerna, Brasilien och Belgien har Qred hjälpt över 25 000 företag. Qreds helautomatiserade kreditsystem gör det enklare och snabbare för företagare att få det kapital som behövs för att kunna växa. Just nu skapas tio jobb om dagen, sju dagar i veckan med hjälp av Qred.


För att läsa mer, vänligen besök: Om Qred



Qeld is in 2015 opgericht door ondernemers, voor ondernemers. We zijn momenteel een van Europa's snelstgroeiende fintech-bedrijven en marktleider in de Scandinavische regio. Met vestigingen in Zweden, Finland, Denemarken, Nederland, Brazilië en België heeft Qeld reeds meer dan 30.000 bedrijven geholpen en 5.000 nieuwe banen gecreëerd. Ons volledig geautomatiseerde, gepatenteerde kredietsysteem stelt ons in staat om ondernemers snel en betrouwbaar de (financiële) kracht te geven die ze nodig hebben om hun bedrijf te laten groeien.

Ga voor meer informatie naar: Over Qeld



Vuonna 2015 yrittäjiltä yrittäjille perustettu fintech-yritys Qred on nykyään yksi Euroopan nopeimmin kasvavista yrityksistä Financial Timesin mukaan. Qred on pienyritysrahoituksen markkinajohtaja Pohjoismaissa ja sillä on Suomen tyytyväisimmät asiakkaat arvostelupalvelu Trustpilotin mukaan. Qred on toiminnallaan Suomessa, Ruotsissa, Tanskassa, Alankomaissa, Brasiliassa ja Belgiassa auttanut jo yli 25 000 yritystä joustavalla rahoituksella. Qred tarjoaa automatisoidun luottojärjestelmän avulla yrityksille yksinkertaisesti ja nopeasti pääomaa liiketoiminnan kehittämiseen. Tällä hetkellä Qredin rahoitus auttaa luomaan 10 uutta työpaikkaa viikon jokaisena päivänä.

Lue lisää: Qredistä


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