Qred Gains Swedish Payments Services License
- The fintech startup is operating in six countries now.

Swedish Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices. Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices. Read this Term company, Qred announced on Thursday that it has received a payment services license from Sweden's financial regulator, the Financial Supervisory Authority (S-FSA).
According to the startup, the PSD2 license issued by the S-FSA will allow it to develop 'new and innovative financial products' for small businesses and offer payment services.
The license includes both Payment Initiation Service (PIS) and Account Information Service (AIS).
Mentioning the importance of the new license and future plans, Qred CEO, Emil Sunvisson said: “The PSD2 license is a huge opportunity for fintech companies who want to challenge the traditional banks with new and innovative payment solutions.”
Targeting Small Businesses
Launched in 2015, Qred focuses on small businesses. The company is specifically focusing on various markets as, according to it, the demand for small business payments are very high in the region. The Stockholm-headquartered fintech startup now has a presence in six countries: Sweden, Belgium, Finland, Denmark, the Netherlands and Brazil.
The company gained the Swedish license only a month after it entered Belgium, and now has plans of further expansion in 2021.
“We have many European markets in the pipeline for 2021, so this will indeed be a very exciting phase for the company,” Sunvisson said earlier.
Additionally, Qred attracted investors' attention and bagged more than $59 million over the years in multiple funding rounds.
Swedish Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices. Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices. Read this Term company, Qred announced on Thursday that it has received a payment services license from Sweden's financial regulator, the Financial Supervisory Authority (S-FSA).
According to the startup, the PSD2 license issued by the S-FSA will allow it to develop 'new and innovative financial products' for small businesses and offer payment services.
The license includes both Payment Initiation Service (PIS) and Account Information Service (AIS).
Mentioning the importance of the new license and future plans, Qred CEO, Emil Sunvisson said: “The PSD2 license is a huge opportunity for fintech companies who want to challenge the traditional banks with new and innovative payment solutions.”
Targeting Small Businesses
Launched in 2015, Qred focuses on small businesses. The company is specifically focusing on various markets as, according to it, the demand for small business payments are very high in the region. The Stockholm-headquartered fintech startup now has a presence in six countries: Sweden, Belgium, Finland, Denmark, the Netherlands and Brazil.
The company gained the Swedish license only a month after it entered Belgium, and now has plans of further expansion in 2021.
“We have many European markets in the pipeline for 2021, so this will indeed be a very exciting phase for the company,” Sunvisson said earlier.
Additionally, Qred attracted investors' attention and bagged more than $59 million over the years in multiple funding rounds.