MARCH 06 2025
For the ninth consecutive year, the Financial Times ranks the fastest-growing companies in Europe. Nordic Capital-backed Qred makes the FT1000 list for the fifth time – an achievement not replicated by any other Swedish company before.
Nordic Capital invested in Qred, a leading financier of small businesses in the Nordics and Benelux, in 2021. Since then, the company has been granted a full banking licence by the Swedish Financial Supervisory Authority, experienced strong growth, continued its international expansion, including Germany, one of Europe's largest SME markets, and broadened its innovative product offering to meet the evolving needs of small business owners and entrepreneurs.
As one of Europe's fastest-growing fintech companies, this marks the fifth time Qred has appeared on the Financial Times' prestigious list – an achievement not replicated by any other Swedish company before. As Qred celebrates its tenth anniversary in March 2025, it is on track to surpass SEK 1 billion in annual revenue for the first time.
"It is a fantastic achievement for Qred to be included on this list again. The acknowledgement highlights Qred's commitment to innovation, sustainable growth, and strong leadership. It is also a testament to Nordic Capital's effective support of mid-market companies in select subsectors and its role as a growth enabler for innovative companies. Congratulations to Qred for this well-deserved recognition," said Kristoffer Melinder, Managing Partner, Nordic Capital Advisors.
"We continue to be impressed by Qred's progress and achievements. Nordic Capital looks forward to continuing its support of Qred as the company keeps championing financial inclusion, redefining its industry and setting new benchmarks for success," said David Samuelson, Partner and a senior member of the Evolution Advisory team, Nordic Capital Advisors.
The FT's top 1000 ranking is compiled in collaboration with research company Statista. It lists the fastest-growing companies in Europe, ranked by the highest compound annual growth rate (CAGR) in revenue between 2020 and 2023. This year, a minimum average growth rate of 34.8 per cent was required for inclusion.
Press contact:
Katarina Janerud
Communications Manager, Nordic Capital Advisors
Tel: +46 8 440 50 50
e-mail: katarina.janerud@nordiccapital.com
About Nordic Capital
Nordic Capital is a leading sector-specialist private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and Services & Industrial Tech. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested c. EUR 26 billion in close to 150 investments. The most recent entities are Nordic Capital XI with EUR 9.0 billion in committed capital and Nordic Capital Evolution II with EUR 2 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway, and South Korea. www.nordiccapital.com.
“Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures, and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors”.
About Qred
Founded in 2015 by entrepreneurs for entrepreneurs, Qred is a bank made for small businesses. The fintech company has been recognized by the Financial Times for being one of Europe's fastest growing companies five times and is the market leader in northern Europe. With operations in Sweden, Finland, Denmark, Norway, the Netherlands, Belgium and Germany, Qred has helped over 50,000 businesses. Qred's fully automated, proprietary credit scoring system allows Qred to quickly and competitively give entrepreneurs what they need to grow. Read more: https://www.qred.se/
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