Qred Activates Banking Licence and Reappoints Former CEO of TF Bank as Chair

Published 8 months ago

Swedish fintech firm, Qred, has officially activated its banking licence, making it a fully-fledged bank. This move comes after the company acquired the banking license in May. Qred has been named as Sweden’s fastest-growing fintech company by the Financial Times.

Offering More Competitive Services

The activation of the banking license enables Qred to offer savings accounts to private consumers at competitive rates. It is expected that this will allow Qred to provide even more competitive terms to its customers. Moreover, Qred will be able to expand its range of services, offering more comprehensive financial solutions to its customers. This license manifests Qred’s dedication to delivering accessible and bespoke financial products to small businesses.

Emil Sunvisson, CEO at Qred, expressed his excitement about becoming Europe’s newest bank for small businesses. He said that this achievement is a significant milestone for Qred. It reflects their commitment to equipping their customer segment with the essential financial tools required for success. Sunvisson is keen on showing the small businesses of Europe what a bank should be like.

Mattias Carlsson Returns to Qred’s Board

In a related development, Qred is delighted to announce the reappointment of Mattias Carlsson, former CEO of TF Bank, as the Chair of the Board. Carlsson was previously the Chair at Qred between 2018 and 2021 and has over fifteen years of experience in the fintech and banking sectors, having served as the Chair at both Hoist Finance and BB Bank ASA.

Sunvisson welcomed Carlsson back to the board, emphasizing his extensive experience and deep industry knowledge. He said that Carlsson’s insights are invaluable for guiding their strategic direction and ensuring their continued innovation in the financial sector. Carlsson assumes the role effective October 2nd, 2023, succeeding Per Widerström, who has resigned due to a new CEO role. Carlsson expressed his honor to be re-elected to Qred’s Board and his excitement to continue contributing to Qred’s mission of empowering businesses with innovative financial solutions.