Qred sets sail on ambitious expansion plan

Sweden’s fastest growing fintech company, Qred, sets sail on an ambitious expansion plan by launching their platform in Belgium. This is the first step in their plan to more than double the number of active markets.

Stockholm, October 8th, 2020 - Sweden’s leading fintech company for small businesses is beginning an aggressive expansion plan for 2021. First market in the pipeline is Belgium which is launching today. This will be Qred’s sixth market after Sweden, Finland, Denmark, the Netherlands and Brazil.

“We are excited to announce that we are now expanding to Belgium, which is a very interesting market for our segment. There is a very strong demand by entrepreneurs for financing in Belgium but very limited options,” says Emil Sunvisson, CEO at Qred.

Qred launched in Sweden in 2015 and quickly established itself as the market leader helping entrepreneurs with the financing they need to grow their businesses. Qred has steadily expanded, adding one new market per year, and taken market leading positions in each of those markets. With the launch of Belgium the company is setting the stage for a much more aggressive expansion plan for 2021. During the past couple of years, Qred has created and developed a platform that quickly and scalably can be rolled out on the European market, where the demand is extremely high.

“While working on launching in Belgium, we have also been working on a process that allows us to expand to more markets at a higher pace.  We have many European markets in the pipeline for 2021, so this will indeed be a very exciting phase for the company,” Emil Sunvisson continues.


Andrea Romander
Head of Communications & Sustainability
Qred Bank
+46 730 926 607