Venture capital giant QED Investors secures nearly $1bn for FinTech investments

Venture capital giant QED Investors secures nearly $1bn for FinTech investments

QED Investors, a prominent global FinTech venture capital firm, has proudly announced its successful closure of two new funds with combined capital commitments totalling $925m.

The massive funding comes in the form of an oversubscribed early-stage fund, Fund VIII, which amassed $650m, and Growth II, an early growth-stage fund that secured $275m. The newly committed capital will enable QED Investors to persist in its mission of backing disruptive FinTech enterprises in various global markets, including the US, UK, Europe, Latin America, India and Southeast Asia, and Africa.

QED Investors specialises in identifying and investing in pioneering FinTech companies around the world. Co-founded in 2007 by Nigel Morris and Frank Rotman, QED has built a robust portfolio of investments, committing capital to over 200 companies, including 28 unicorns. Through its rigorous and hypothesis-driven approach, the firm works closely with CEOs and founders, aiming to uncover investment opportunities that can give rise to breakthrough companies at scale.

The fresh funds will help QED to augment its global reach, reinforce its team, hone its skills, and strengthen its brand recognition, ultimately improving its ability to nurture a new generation of FinTech trailblazers. The company’s investments aim to provide a sturdy financial backbone for start-ups disrupting the FinTech space, offering them both the resources and strategic guidance they need to flourish.

Nigel Morris, managing partner and co-founder at QED Investors said, “We don’t take that responsibility lightly, especially in this difficult market… Unit economics, product-market fit and clear paths to profitability are the keys to survival, and QED is uniquely positioned to support our companies with the best advice in FinTech.”

In terms of previous investments, QED Investors has played a crucial role in the success of several leading FinTech companies. It led the Series A rounds of Credit Karma, Remitly, and Nubank, led AvidXchange’s Series B, participated in Klarna’s Series F, and was among the first institutional investors in Greensky.

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