About Qred

The story of Qred

In 2015, my co-founders and I wanted to change the age-old industry of lending, and more specifically to small businesses.

Historically, the smallest businesses have been neglected and overlooked by old-school traditional banks. We speak from experience, we have been in the same situation that thousands of small businesses face every day.

Let me tell you a short story: Once upon a time there was a relatively young and aspiring entrepreneur, let's call him Emil, who wanted to start his own business. There was much to learn, and much that was new, exciting and unknown.

One of the first things that Emil had to do was to go to a bank to open a bank account for his business. After a 15-minute meeting where he told the banker about his business plans in a nice suit, the entrepreneur was told that the bank didn't think the business idea seemed well thought out and that unfortunately he couldn't become a customer of the bank.

Thankfully, the entrepreneur did not give up and eventually managed to find a bank that would accept his newly founded business as a customer. Unfortunately, this is not an uncommon situation. Being taken seriously, given time, advice and fair financing is rare among small businesses.

That's why we decided in 2015 to start Qred, to make financing easier and more accessible for small business owners, which is only fair considering that 4 out of 5 new jobs are created by small business owners and that Sweden's future prosperity is largely dependent on creating new and aspiring businesses.