The story of Qred
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In 2015, my business partners and I set out to change the old business of lending, and more specifically to small businesses. Historically, the smallest businesses have been underbanked and poorly served by the old, traditional banks. We speak from experience, because we've been in the same situation that hundreds of small businesses face every day.
Let me tell you a short story: Once upon a time, a long, long time ago, there was a relatively young and ambitious entrepreneur, let's call him Emil, who wanted to start his own business. There was a lot to learn, and a lot that was new, exciting and unknown. One of the first things Emil had to do was go to a bank to get a bank account for his company.
After a 15-minute meeting where he told the banker in a nice suit about his business plans, the entrepreneur was told that the bank didn't think the business idea seemed well thought out and unfortunately he couldn't become a customer of the bank. Fortunately, the entrepreneur didn't give up and eventually managed to find a bank that would accept his start-up as a customer.
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