Investor profile
QED Investors
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QED Investors is an operator-led fintech venture capital firm founded in 2007 by Nigel Morris and Frank Rotman — both architects of Capital One — applying a data-driven, unit-economics-focused approach to identifying and scaling fintech companies globally. The firm believes that 'durable, successful financial services businesses are built on strong foundations of unit economics,' and invests exclusively in fintech across the full spectrum of financial services modernization: lending, payments, banking infrastructure, insurtech, embedded finance, regtech, and more. QED's competitive advantage stems from its team's 250+ combined years of operational experience building and scaling financial technology companies, enabling it to provide founder-focused, hands-on advisory well beyond capital. With $4+ billion AUM across Funds I–VIII, Growth Fund II, and the Fontes by QED formation-stage vehicle, the firm has backed 250+ companies across 27 countries on five continents — producing 31 unicorns — and targets pragmatic disruptors bringing fairness, transparency, and access to financial services worldwide.
Notable quotes
“I'm heartened by the team QED has assembled to tackle the unbelievable opportunity ahead of us in fintech and I'm deeply proud of how we have helped our portfolio companies weather the storm of the violent vicissitudes of the past 12 months.”
“We are excited, fortunate and privileged to be a steward of our investors' capital. We don't take that responsibility lightly, especially in this difficult market.”
“After leaving Capital One, the one thing we knew was the industry was ripe for disruption. Many of the same factors that led to the success of Capital One led us to believe that financial services were evolving. There was immense opportunity to see that through.”
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Nubank | Series A–E | — | 2014-01-01 |
| Klarna | Series B+ | — | 2012-01-01 |
| Credit Karma | Series B | — | 2012-01-01 |
| Remitly | Series C | — | 2018-01-01 |
| SoFi | Series B | — | 2014-01-01 |
| Creditas | Series C+ | — | 2018-01-01 |
| ClearScore | Series A | — | 2016-01-01 |
| Moniepoint | Series C | — | 2024-01-01 |
| Payabli | Series A | $20m | 2024-07-01 |
| Aplazo | Growth | — | 2024-01-01 |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| Ribbit Capital | 12 |
| Sequoia Capital | 9 |
| Andreessen Horowitz (a16z) | 8 |
| Tiger Global Management | 7 |
| DST Global | 6 |
| Accel | 5 |
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