Enable Banking and Qred Partner to Empower Entrepreneurs with Seamless Financial Solutions
31 JANUARY 2025. Stockholm – Enable Banking, the open banking provider offering the most comprehensive business account connectivity and account-to-account payment infrastructure in the market has partnered with Qred Bank, a trailblazer providing fast and flexible financing solutions tailored to entrepreneurs' needs.
Enabling Entrepreneurs Through Seamless Financial Innovation
Qred specialises in delivering simple, fast, and flexible financing, enabling entrepreneurs to focus on growing their businesses without the constraints of traditional banking systems. With a mission to power entrepreneurs and help companies grow, invest, and expand.
Qred was founded in 2015 by entrepreneurs, for entrepreneurs, with a mission to make business financing smoother, faster, and more accessible. With operations across Sweden, Finland, Norway, Denmark, the Netherlands, Belgium, Germany, and Brazil, Qred has supported over 50,000 businesses, helping them invest, grow, and expand without the complexities of traditional banking. Offering flexible business loans from €5,000 to €500,000, Qred gives entrepreneurs the freedom to repay early, ensuring they only pay for the time they need.
The partnership integrates Enable Banking’s second-generation open banking connectivity with Qred’s advanced risk assessment and decision-making platforms. This collaboration enables real-time financial data analysis, helping Qred streamline credit decisions, enhance customer experiences, and expand its offerings to meet the unique needs of entrepreneurs. Additionally, by leveraging Enable Banking’s account-to-account payment infrastructure, Qred is making it easier for its customers to manage payments seamlessly. The partnership optimizes Qred’s operational efficiency by automating previously manual processes.
Enable Banking’s joint effort with Qred builds upon its strong position in the open banking business account market. The partnership is a testament to the power of collaboration in driving progress for entrepreneurs and the financial services sector.
Sarah Häger, CCO at Enable Banking, said “We are thrilled about our partnership with Qred. This collaboration highlights the transformative potential of open banking in accelerating the Bank’s business processes and driving innovation. Helping Qred leverage the power of open banking in its processes is a perfect fit for us. From the very beginning, the collaboration has been seamless, and it’s been a pleasure working with such a bright, forward-thinking team who are eager to make things happen and take advantage of Open Banking. Together, we’re creating something truly impactful for entrepreneurs, and we’re excited to support Qred as they continue to empower entrepreneurs with flexible and efficient financing options across Europe.”
Emil Sunvisson, CEO of Qred, commented: “Partnering with Enable Banking is another step forward for Qred. Their open banking connectivity enables us to enhance our risk analysis, streamline operations, and drive growth. This partnership allows us to deliver a smooth customer experience and stay true to our mission of powering entrepreneurs. Together, we’re helping small businesses thrive and create new job opportunities.”
About Enable Banking
Enable Banking is a second-generation open banking infrastructure provider offering seamless, secure access to over 2,500 European banks across 28 countries through a single PSD2-compliant API. Supporting both consumer and business accounts, we enable access to financial data and account-to-account payments through open banking. As a licensed Account Information Service Provider (AISP), Enable Banking empowers businesses to connect, manage, and leverage transactional data to build their own innovative solutions. We focus on simplifying the complexities of open banking connectivity, enabling our clients to enhance customer experiences, develop tailored financial services, and drive sustainable growth — all while ensuring full compliance and data privacy.