Enable Banking has teamed up with Qred to strengthen open banking solutions tailored for entrepreneurs.

3 February 2025
Enable Banking, a leading provider of open banking infrastructure, has partnered with Qred Bank, a specialist in flexible and fast financing solutions for entrepreneurs.

Founded in 2015, Qred operates across Sweden, Finland, Norway, Denmark, the Netherlands, Belgium, Germany, and Brazil, serving over 50,000 businesses. The company offers business loans ranging from €5,000 to €500,000, enabling entrepreneurs to grow their businesses without the restrictions of traditional banking. Qred’s unique model also allows businesses to repay loans early, paying only for the period they need financing.

Enable Banking provides a next-generation open banking infrastructure that connects to over 2,500 European banks in 28 countries through a single PSD2-compliant API. The company offers seamless and secure connectivity to both business and consumer accounts, supporting account-to-account payments and access to financial data. As a licensed Account Information Service Provider (AISP), Enable Banking helps businesses utilize transactional data to develop innovative financial services while ensuring compliance and security.

This new partnership integrates Enable Banking’s open banking connectivity with Qred’s credit decision and risk assessment platforms, enabling real-time financial data analysis to streamline the credit approval process and enhance the customer experience. Additionally, by incorporating Enable Banking’s account-to-account payment infrastructure, Qred can simplify payment management for its customers, automating manual tasks and boosting operational efficiency.

Sarah Häger, CCO of Enable Banking, commented, “We are excited to collaborate with Qred. This partnership showcases the transformative power of open banking in enhancing business processes and driving innovation. Our seamless collaboration has been a fantastic experience, and we are proud to support Qred as they continue empowering entrepreneurs with flexible financing options.”

Emil Sunvisson, CEO of Qred, added, “Partnering with Enable Banking is a major milestone for Qred. Their open banking technology strengthens our risk analysis, streamlines operations, and enhances growth. This partnership enables us to offer a smooth customer experience while staying true to our mission of supporting entrepreneurs. Together, we’re helping small businesses thrive and create new job opportunities.”