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Enable Banking and Qred partner to enhance open banking solutions for entrepreneurs

February 3, 2025
Enable Banking and Qred partner to enhance open banking solutions for entrepreneurs

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

Qred, founded in 2015, operates across Sweden, Finland, Norway, Denmark, the Netherlands, Belgium, Germany, and Brazil, serving over 50,000 businesses. The company provides flexible business loans ranging from €5,000 to €500,000, allowing entrepreneurs to invest, grow, and expand without the constraints of traditional banking. Qred’s model enables businesses to repay loans early, ensuring they only pay for the period they require financing.

Enable Banking offers a second-generation open banking infrastructure, granting access to over 2,500 European banks in 28 countries via a single PSD2-compliant API. The company provides seamless, secure connectivity to both consumer and business accounts, supporting account-to-account payments and financial data access. As a licensed Account Information Service Provider (AISP), Enable Banking empowers businesses to leverage transactional data for developing innovative financial services while maintaining compliance and data security.

The partnership integrates Enable Banking’s open banking connectivity with Qred’s risk assessment and credit decision-making platforms. This enables real-time financial data analysis, streamlining credit approval processes and enhancing customer experiences. By incorporating Enable Banking’s account-to-account payment infrastructure, Qred can also simplify payment management for its customers, improving operational efficiency by automating previously manual tasks.

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.”

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  • TAGS
  • account-to-account payments
  • business loans
  • Enable Banking
  • Fintech
  • Open Banking
  • Qred
  • SME Financing
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