Qred
Swedish business bank with loans up to 60 months and a cashback card
Quick Overview
| Company | Qred Bank AB |
|---|---|
| Category | Business Lending Platforms |
| Headquarters | Stockholm, Sweden |
| Founded | Not stated |
| EU Presence | Yes - Sweden (EU, Finansinspektionen supervised) |
| Data Location | not stated on the pages we read |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | No |
| Main Features | Business loans up to 60 months, business credit line, investment loans, VISA card with 1% cashback, mobile app |
| Pricing | not shown on the pages we read (a price list and a loan calculator are linked) |
| Best For | Swedish small businesses that want a bank loan with no fixed commitment period and a company card |
| Replaces | BlueVine Line of Credit, BlueVine Business Checking card |
Detailed Review
Qred Bank AB is a bank with organisation number 559008-9800 at Malmskillnadsgatan 39 in Stockholm. The Swedish site states that Qred Bank AB is supervised by Finansinspektionen with permission to carry on banking business. The Swedish site is the one we read; Qred also lists sites for Denmark, the Netherlands (as Qeld), Belgium, Finland, Norway and Germany.
Qred Bank AB offers business loans for companies, sole traders and start-ups. The Swedish page states loan terms of up to 60 months, no binding period and direct payout.
Loans and credit at Qred
Qred Bank AB lists business loans, a business credit line, investment loans and property loans on the Swedish site. Loan pages exist for limited companies, sole traders and new companies.
The Swedish page states loan terms up to 60 months, a quick application, no binding period and direct payout.
The Qred company card
Qred Bank AB issues a business VISA card with 1% cashback on all purchases. The page says extra cards for the company are free.
The card works as a physical card or in Apple Pay and Google Pay. The page lists receipt saving in the app and automatic purchase protection worldwide.
Qred as a European alternative to BlueVine
Qred gives Swedish companies a bank-licensed lender under Finansinspektionen, where Bluevine Inc. refers to California law in its terms. Qred also offers a savings account for private persons on the same site.
The Liberis homepage states that Liberis and Qred have completed a merger. This page covers Qred's own Swedish site, and the pack does not describe the ownership after the merger.
Limitations to Consider
The pages we read show no interest rates, fees or loan limits, so the cost of a Qred loan has to be requested. The Swedish site is written in Swedish, and eligibility rules per country were not read. Ownership after the merger with Liberis is not described. For brokered comparison, see Lendo.
Who Should Use Qred
Swedish limited companies, sole traders and start-ups that want a bank loan without a binding period and a cashback company card.
Pros and Cons
Pros
- Bank licence under Finansinspektionen stated on the page
- Loan terms up to 60 months, per the Swedish site
- No binding period and direct payout are stated
- Business VISA card with 1% cashback
- Sites for seven European markets are listed
Cons
- Interest rates and fees not shown in the text we read
- Swedish-language pages
- Ownership after the Liberis merger not described
- Loan limits not shown
Alternatives to Qred
Other European business lending platforms worth comparing before you decide:
See all European business lending platforms or compare them directly against BlueVine Line of Credit on our alternatives page.
Frequently Asked Questions
Yes for companies in Sweden and the other Qred markets. Qred Bank AB is a Stockholm bank supervised by Finansinspektionen that offers business loans and a company card.
The Swedish page states loan terms of up to 60 months with no binding period. Interest rates are not shown in the text we read.
Yes. Qred Bank AB lists a business VISA card with 1% cashback, extra cards at no charge and Apple Pay and Google Pay support.