$\"\"$ \u201cThe vast majority of small businesses still lack access to credit in order to invest and grow, despite the Brazilian economy digitizing at full tilt,\u201d says\u00a0Emil Sunvisson<\/b>, CEO of Qred.<\/p>\n

Adriano Duarte<\/b>, Co-founder and CEO of the new Brazilian company, adds: \u201cIt is important to establish a well-functioning small business financing in Brazil that will foster both individual SME businesses and the nation\u2019s economic development. That\u2019s where we have an important and impactful role to play.\u201d<\/p>\n

In partnership with Webrock Ventures, Qred will establish its business model in a country where over 15 million small businesses generate over 25% of the country\u2019s GDP, and SMEs account for 2\/3 of all private sector employment.<\/p>\n

\u201cWe are very excited about this investment, which fits naturally into our portfolio of fast-growing tech companies with Nordic roots in Brazil. Together with Qred and Atlant Fonder, we have\u00a0great potential to be a viable player in online corporate loans in one of the world\u2019s largest and fastest growing digital economies,\u201d says\u00a0Joakim Pops<\/b>, Founding Partner at Webrock Ventures.<\/p>\n

The driver behind Qred\u2019s progress in Europe is a fully digital application process integrated with scores of sources of credit data, combined with with high-touch personal service. This has allowed Qred, since its 2015 inception, to quickly expand from Sweden to Finland, Denmark and the Netherlands.<\/p>\n

\u201cQred has shown that loans to small companies provide very strong risk-adjusted returns with a low correlation to the fixed income and equity markets. Demand for this type of asset is growing rapidly and we see great potential to increase exposure to Brazil,\u201d says\u00a0Taner Pikd\u00f6ken<\/b>, manager of Atlant Fonder.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fintech scale-up Qred and investment company Webrock Ventures today announce a joint venture in Brazil. Qred\u2019s digital technology for SME lending will be combined with local expertise and financing from Webrock Ventures and Swedish investment fund manager Atlant Fonder.<\/p>\n","protected":false},"author":3,"featured_media":435,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"meta_box":{"postsettings_featured_image":"1","related_documents":[]},"_links":{"self":[{"href":"https:\/\/stagesite.webrockventures.com\/en\/wp-json\/wp\/v2\/posts\/433"}],"collection":[{"href":"https:\/\/stagesite.webrockventures.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stagesite.webrockventures.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stagesite.webrockventures.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/stagesite.webrockventures.com\/en\/wp-json\/wp\/v2\/comments?post=433"}],"version-history":[{"count":13,"href":"https:\/\/stagesite.webrockventures.com\/en\/wp-json\/wp\/v2\/posts\/433\/revisions"}],"predecessor-version":[{"id":541,"href":"https:\/\/stagesite.webrockventures.com\/en\/wp-json\/wp\/v2\/posts\/433\/revisions\/541"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stagesite.webrockventures.com\/en\/wp-json\/wp\/v2\/media\/435"}],"wp:attachment":[{"href":"https:\/\/stagesite.webrockventures.com\/en\/wp-json\/wp\/v2\/media?parent=433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stagesite.webrockventures.com\/en\/wp-json\/wp\/v2\/categories?post=433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stagesite.webrockventures.com\/en\/wp-json\/wp\/v2\/tags?post=433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}