Today ABG Sundal Collier sponsored research initiates coverage of Qliro. Read the full report here!
From checkout volumes to recurring earnings
Qliro is a leading fintech company in a growth phase, delivering payment solutions for Enterprise and SME merchants and their customers, primarily within e-commerce. The offering includes a complete checkout with all relevant payment options for direct payments (Pay Now), as well as Qliro’s own payment methods: invoice and instalment payments (Pay Later) in the Nordic region. Qliro is a credit market company under the supervision of the Swedish Financial Supervisory Authority and is headquartered in Stockholm. The company’s shares are listed on Nasdaq Stockholm under the ticker “Qliro”.
Briefly about Qliro
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Vision: To build a leading European player in composable payments, starting in the Nordic region and with global reach.
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Mission: To create a world-class experience for merchants and their customer journey.
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Ambition: To take a market-leading position in the Nordic region within 3–5 years.
The new Qliro
- Background - Qliro was founded in 2014 by e-commerce merchants for e-commerce merchants, as an internal service within an e-commerce group. Since 2020, Qliro has been an independent company.
- New leadership - New leadership - Since autumn 2022, Qliro has been led by a new CEO with a clear strategy to grow within payments.
- Transformation - During 2023 and 2024, Qliro underwent an extensive transformation journey, with a sharper strategic focus, team and investments in growth.
- Focused business - Focused business - The Digital Banking Services business area was divested in 2024 in order to fully focus on the vision of becoming a leading European payments company.
- Growth journey - Growth journey - Qliro has chosen to prioritise growth over short-term profitability. Signed agreements correspond to a volume increase of 39 percent for the first quarter of 2025 compared with the full year 2024.
- Product-market-fit - With the company’s Checkout Gen 3, Qliro offers a high-performing and flexible payment solution that attracts modern merchants.