Credit risk on invoice and instalment lending
Qliro finances consumer purchases and does not secure lending with collateral.
- Scope
- Consumer credit book and payment volumes
- Materiality
- high
Qliro
Qliro is a Swedish credit market company focused on digital payment solutions for e-commerce merchants and consumers. Its offering combines checkout, invoice, instalment and pay-later services for merchants, alongside savings accounts for consumers in Sweden and Germany.
200
39.27
39.27
| % | |
|---|---|
| Merchant payment solutions | 45% Checkout, payment orchestration and merchant acceptance tools for online commerce. |
| Consumer credit products | 35% Invoice, instalment and pay-later services offered through connected merchants. |
| Savings accounts | 15% Deposit products offered to retail consumers in selected markets. |
| Other financial services | 5% Ancillary fees, interest and related financial service income. |
Qliro sells primarily to e-commerce merchants, including both Enterprise and SME customers, who use its checkout and...
- Enterprise merchantsprimary
Large e-commerce merchants buying checkout, payment and upsell tools to improve conversion and retention.
- SME merchantsprimary
Smaller online merchants using Qliro for turnkey payments, invoicing and local payment methods.
- Consumers using Pay Laterprimary
Shoppers who choose invoice or instalment financing at checkout for flexibility and convenience.
- Retail deposit customerssecondary
Consumers in Sweden and Germany who place savings balances with Qliro.
Sweden is Qliro’s primary market and the base for its regulated operations, with additional activity in Norway, Finland...
- •Sweden is the core market and operating base
- •Norway, Finland and Denmark are key Nordic expansion markets
- •Savings accounts are offered in Sweden and Germany
- •Checkout supports payments in over 30 countries
- •Local presence matters for merchant sales and payment method coverage
Qliro is building a broader Nordic merchant franchise by expanding from large e-merchants into Enterprise and SME...
01
Expand merchant base across Enterprise and SMEshort-term
A broader merchant mix reduces concentration and increases payment volume opportunities.
02
Deepen Unified Payments and checkout capabilitiesmedium-term
A more complete product stack improves conversion, upsell and merchant stickiness.
03
Expand geographically within the Nordics and beyondmedium-term
Local presence and payment method coverage support merchant onboarding and volume growth.
Qliro’s main business risk is credit risk, because it extends consumer financing through invoices and instalments...
Regulatory, AML and GDPR compliance
Qliro is supervised as a credit market company and processes sensitive consumer data.
- Scope
- Licensing, data handling and transaction monitoring
- Materiality
- high
Liquidity and funding risk
The business relies on stable funding to support lending and deposit operations.
- Scope
- Balance sheet funding and cash management
- Materiality
- high
Merchant concentration and partner dependence
A meaningful share of volumes can come from a limited number of merchants.
- Scope
- Enterprise and key merchant relationships
- Materiality
- high
Interest rate and foreign exchange risk
Funding costs and cross-border operations can move with market rates and currencies.
- Scope
- Net interest income and treasury results
- Materiality
- medium
Expected credit losses
Can materially change credit loss expense and loan book valuation
Fair value of currency swaps
Affects net result of financial transactions
Capitalised development costs
Changes intangible assets, amortisation and reported operating profit
Lease accounting
Affects balance sheet leverage and operating expense timing
: 11/08/2026