Qeld The European alternative to iwoca / OnDeck
SubmittedFast business loans and Visa card from Sweden, available in the Netherlands
About Qeld
Qeld is the Dutch brand of Swedish Qred Bank AB for business loans and corporate cards for small businesses. Unlike traditional banks, disbursement happens the same day, with no penalty for early repayment.
Highlights
- ✓ Business loans from €5,000 to €500,000
- ✓ Disbursement usually the same day
- ✓ No early repayment penalty
- ✓ Qeld Visa card with 1 percent cashback and no annual fee
- ✓ Active in seven European countries, market leader in Scandinavia
Why European?
- → Swedish Qred Bank AB, regulated by the Swedish Financial Supervisory Authority (Finansinspektionen)
- → Branch in Amsterdam for the Benelux market
- → EU banking license, GDPR-compliant
- → No US parent, outside CLOUD Act reach
Pricing
Loan from €5,000 to €500,000 · disbursement in 24 hours · no early repayment fee · Visa card with no annual fee
Frequently asked questions about Qeld
What is Qeld and what is it used for? +
Qeld is the Dutch brand of Swedish Qred Bank AB, founded in 2015 in Stockholm. The company provides business loans between €5,000 and €500,000 to small and medium-sized businesses, and a Visa corporate card with cashback. Qeld has been active in the Netherlands since 2018 and additionally serves customers in Sweden, Finland, Norway, Denmark, and Belgium. According to the provider, the application takes less than one minute, with disbursement typically the same day.
Does Qeld run on European infrastructure? +
Qred Bank AB is regulated as a Swedish bank by the Swedish Financial Supervisory Authority (Finansinspektionen) and is subject to EU banking law. The branch in Amsterdam (Keizersgracht 391) is operated under Dutch law. Which specific cloud provider is used in the background is not detailed on the public pages. According to the provider, data is processed in a GDPR-compliant manner.
What distinguishes Qeld from US business lenders? +
Qeld is subject to EU banking law and the GDPR, while US providers such as OnDeck are subject to the CLOUD Act. Qeld charges no early repayment penalty, while many US providers charge such fees. Qeld is primarily active in Scandinavia and the Benelux region and focuses on European companies with EU bank accounts and standards.
Try Qeld
Fast business loans and Visa card from Sweden, available in the Netherlands
Visit Qeld Website → 
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Entry verified on 09.05.2026