Qred launches new B2B payments platform allowing businesses to pay any invoice with their Qred Visa

Qred is pleased to announce a brand new payments platform specifically designed to help small businesses free up short-term capital and save them time when paying bills.

The new service, which will be available via Qred’s app, will allow businesses to pay any invoice they have – whether it’s an electricity bill, to pay for supplies or inventory – with the Qred VISA card enjoying up to 45 days interest free credit. And best of all, there are zero additional fees charged.

“Tens of billions of dollars worth of invoices are issued each year and for most businesses the only way to pay them is to use cash directly from their account since most suppliers or vendors don’t accept card payments. With our new payment platform, small businesses can use their Qred VISA to pay any invoice they have with much more flexible payment terms. This frees up much needed, short-term cash which is the life blood of most entrepreneurs.” says Emil Sunvisson, CEO of Qred.

The new payment service is immediately available to all Qred VISA card holders and can be accessed via Qred’s App. Additional payment options will be added in the near future.

To help power the launch of this platform and Qred’s continued overall growth, we are pleased to announce that Nordic Capital is investing a further €10m of capital as part of its ongoing support and commitment. This additional investment will allow Qred to continue to deliver innovative products and services to small businesses throughout Northern Europe.

The Board of Directors of Qred Holding AB (publ), Reg. No. 559031-0685, has resolved to recommend a directed issue, raising a total of EUR 10m for Qred. The issue is directed to, and will be fully subscribed by, Nordic Capital Evolution.

The issue is subject to shareholder approval at an extraordinary general meeting on 19 April, 2022.