back Back

Qred partnered with Enfuce to provide credit for small businesses

By Joy Dumasia

August 26, 2021

Share

Qred has chosen Enfuce, one of Europe’s 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.

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.

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

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

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

Thomas Jansson, Chief Growth Officer and Co-founder at Qred said: “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.”

Denise Johansson, CCO and Co-founder at Enfuce, said: “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.”

Recently, IBS Intelligence reported that Zevoy, a Finnish expense management FinTech, has chosen Enfuce, one of Europe’s leading FinTechs, as its payment service provider. With the partnership with Enfuce, Zevoy will expand its all-in-one expense management solution, powered by Zevoy’s all-in-one Visa business card product, to several European markets.

Previous Article

August 26, 2021

ZestMoney expands BNPL offering to 75,000 physical stores across India

Read More
Next Article

August 26, 2021

The AMF signs a MoU with Visa to enhance cross-border payments

Read More






IBSi Daily News Analysis

UK, Bank

July 12, 2024

Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Nuvei and Mastercard team to enable crypto to fiat conversion

Read More

Today

Fair4All Finance and ClearScore partner on debt consolidation technology

Read More

Today

FinTech Focus: Catch latest developments of the week

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024