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About Qliro

Qliro provides financial services to merchants and consumers. By taking advantage of the transactions generated in e-commerce, Qliro can cost-effectively expand its offering of financial services.

Large Nordic e-merchants are offered a comprehensive check-out solution with the most popular forms of payments such as invoice, partial payment, card and direct bank payments. Through partners, merchants are also offered payment solutions in other countries in Europe, but the focus is the Nordic region. Consumers are offered several services to simplify their everyday lives, primarily paying safely at their desired pace but also saving and borrowing.

Qliro is a credit market company under the supervision of the Swedish Financial Supervisory Authority (FI), which implies a comprehensive regulatory framework for services, lending and financing.

Qliro was launched to simplify payments online in 2014. In 2015 the roll-out of the payment solution continued in Sweden and was also introduced in Finland and Denmark. The service is currently used throughout the Nordic region by e-merchants like Cdon, Nelly, NLY MAN, Gymgrossisten, Tretti, Bangerhead, Lyko, Parfym and Nordic Feel. Qliro is constantly expanding its offer to both e-merchants and consumers.

Business model
The business model is based on offering a payment solution to merchants and benefiting from their e-commerce transactions. Some of these lead to installment payments and partial payments, which builds up a loan book that generates interest income. Since its inception, 4 million Noridc consumers have used Qliro’s payment solution. During the last 12-month period, more than 2.1 million customers and 5.5 million transactions have been made using Qliro, which corresponds to a total volume of SEK 5.3 billion.

The loan book’s development and composition are the main drivers of revenues and profit. Credit through installment payments and partial payments generate revenue for up to three years. These revenues are shared with the e-merchants. In addition, personal loans with longer maturities and savings accounts are offered to consumers.

Qliro conducts data-driven credit testing based on reliable information to lend money to consumers with good potential to repay. Virtually all personal loans are given to former Qliro customers and marketed in ourown channels such as app, web and via mail. The market for payment services for digital commerce is growing in pace with e-commerce. The market for personal loans is significant but has lower growth.

Next step
Qliro continues to develop products to broaden and strengthen its offer to merchants and consumers.


To Qliro

CEO of Qliro Carolina Brandtman

Business Financial services

Geography Sverige, Danmark, Finland and Norway

Office Stockholm

Started 2014