A fast-growing Nordic SME lender
Qred is a fast growing fintech company located in Stockholm, which in a short period has established a position as the market leader in Sweden and Finland within short term online business loans to small companies.
The loans are fully flexible and transparent and the service is from a customer perspective fully automated. A loan is normally granted and paid out within 24 hours.
The company has also developed a proprietary credit scoring process that effectively limits credit losses.
Since its inception in 2015, Qred has grown by several hundred percent with increasing profitability.
In July 2017, Qred secured external equity financing from a consortium of private investors to meet the high demand from customers.
External financing will be used to expand the loan book in existing and new markets.
“Stella EOC guided us through this rather complex process and showed great professionalism, dedication and creativity. Once finding the right investors for us, the Stella EOC team structured a quick and efficient negotiation process resulting in great terms for both us and the new investors.”