Enable Banking, a top open banking provider known for its comprehensive business account connectivity and account-to-account payment solutions, has partnered with Qred Bank, a leader in fast and flexible financing tailored to entrepreneurs.
Qred specializes in providing quick and hassle-free business loans, enabling entrepreneurs to grow their businesses without the limitations of traditional banking. Founded in 2015 by entrepreneurs for entrepreneurs, Qred’s mission is to make business financing more accessible. The company operates across Sweden, Finland, Norway, Denmark, the Netherlands, Belgium, Germany, and Brazil, supporting over 50,000 businesses. Offering business loans from €5,000 to €500,000, Qred ensures flexibility with early repayment options, so businesses only pay for the time they need.
This strategic partnership integrates Enable Banking’s second-generation open banking connectivity with Qred’s advanced risk assessment and decision-making platforms. This integration enhances real-time financial data analysis, streamlining credit decisions, improving customer experiences, and expanding financing solutions for entrepreneurs. By leveraging Enable Banking’s account-to-account payment infrastructure, Qred simplifies payments, making business transactions more efficient. Additionally, this collaboration automates manual processes, optimizing Qred’s operational efficiency.
With this partnership, Enable Banking strengthens its position in the open banking business account market, reinforcing the power of collaboration in driving innovation for financial services and entrepreneurs.
Sarah Häger, CCO at Enable Banking, shared her excitement:
“We’re thrilled to partner with Qred. This collaboration showcases the impact of open banking in accelerating business processes and fostering innovation. Helping Qred integrate open banking into its operations is a perfect fit for us. From the start, the collaboration has been seamless, and it’s been a pleasure working with such a forward-thinking team eager to make things happen. Together, we are making a real difference for entrepreneurs, providing them with efficient and flexible financing solutions.”
Emil Sunvisson, CEO of Qred, emphasized the partnership’s significance:
“Joining forces with Enable Banking is a game-changer for Qred. Their open banking connectivity enhances our risk analysis, streamlines operations, and supports our growth. This partnership enables us to deliver a smooth customer experience while staying true to our mission of empowering entrepreneurs. Together, we are helping small businesses succeed and drive job creation.”
This collaboration between Enable Banking and Qred marks a significant step toward simplifying financial solutions for entrepreneurs, ensuring they have the tools and resources needed to thrive in an evolving business landscape.
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