Qred Launches New B2B Payments Platform

Swedish credit scoring platform Qred has announced a brand new payments platform specifically designed to help small businesses free up short-term capital and save time when paying bills.

The new service, which will be available via Qred's app, will allow businesses to pay invoices - 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 with zero additional fees charged.

Fazzaco Live Webinar on 7th April: Nahum Greenberg Talks About MarksMan Liquidity Hub

"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 company also unveiled that Nordic Capital is investing a further €10m of capital as part of its ongoing support and commitment to help power the launch of the new payment platform. This additional investment will allow Qred to continue to deliver innovative products and services to small businesses throughout Northern Europe.