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Qred partners up with Enfuce to provide instant access to credit for small businesses

Qred, one of Europe’s fastest-growing fintechs in 2020 according to the Financial Times, has chosen Enfuce, one of Europe’s leading fintechs, as its card processor. Through the partnership with Enfuce, Qred is looking to launch the Qred Card – a fast, free and secure B2B credit card designed for businesses, no matter how small.

Historically, it has been difficult for small businesses to get approved for a credit card, which is why the Qred Card was born. Every business, no matter the size, can apply for the Qred Card, providing a convenient and flexible financing through instant access to credit.

The Qred Card can be used for business purchases both online and offline, and with the Qred app users can monitor their card spending, set spending limits and block the card. 

“Developing the infrastructure behind the Qred card together with Enfuce has been very interesting and rewarding. Thanks to the collaboration, we can now launch a card that is safe, scalable to all our markets and most importantly developed specifically for small businesses.”

Thomas Jansson, Chief Growth Officer and Co-founder at Qred.

“It has been a fascinating journey to be part of designing Qred’s card offering with Thomas and the team. I am so happy to see that they truly are challenging existing issuers by going with a digital-first customer experience.”

Denise Johansson, CCO and Co-founder at Enfuce.

Founded in 2015, Qred is a fintech company specialised in business financing licensed by the S-FSA, operating in six markets. Qred has a growth rate of 7,200% and has created over 5,000 jobs, creating ten jobs a day.

“Qred’s growth since its founding has been amazing to follow as a fellow fintech entrepreneur.  I am thrilled that our roads crossed and that we now are a part of helping them scale their business even more rapidly than before”, Johansson elaborates.

Thanks to Enfuce’s secure, scalable approach, state-of-the-art technology and payment processing capabilities, Qred is able to launch its card product to new markets quickly – first in Sweden this fall and then broader in Europe.

Enfuce handles Qred’s card processing, fraud monitoring and dispute management, and also delivers Qred with virtual cards, view sensitive cardholder data APIs, PIN selection APIs and wallet APIs for Apple and Google Pay.

For further information:

Denise Johansson

Chief Commercial Officer and Co-founder


+358 40 079 4121

About Qred

Founded in 2015 by entrepreneurs for entrepreneurs, Qred is now Sweden’s fastest growing fintech company according to Financial Times. Qred is the market leader in the Nordic region and has Sweden’s most satisfied customers according to Trustpilot. With operations in Sweden, Finland, Denmark, the Netherlands, Brazil and Belgium – Qred has helped more than 25,000 companies Qred’s fully automated, proprietary credit scoring system allows us to quickly and competitively provide business owners with the power they need to grow. Right now, Qred is creating ten jobs a day, 7 days a week.

To read more about Qred, please visit: About Qred

About Enfuce

Enfuce offers payment, open banking and sustainability services to banks, fintechs, financial operators, and merchants. By combining industry expertise, innovative technology and compliance, Enfuce delivers long-term and scalable solutions quickly and securely. Founded in Finland, Enfuce recently expanded its geographic presence in Germany, Latvia, Sweden, and the UK and has over 16 million active card users on their platform from whom Enfuce processes close to €1 billion transactions annually.

Enfuce has raised multiple rounds of venture capital funding and has been recognised by e.g. TheFinTech50, Visa Fintech Fast Track programme, Mastercard Lighthouse Development Programme, Deloitte Technology Fast 50, and as winner of the 2019 PayTech Award for “Best Payments solution for Payment Systems in the Cloud”.


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