From: AltAssets
FinTech venture capital pioneer QED Investors has hit a $350m final close for its oversubscribed sixth flagship fund.
“When Frank Rotman and I founded QED 12 years ago, we set out to provide the best FinTech business advice anywhere, leveraging our founder and operator experience and our extensive financial services expertise,” firm co-founder and managing partner Nigel Morris said.
“We are delighted that our approach resonates with founders. This fundraise reflects the power of the QED model in supporting FinTech founders to surefootedly grow breakthrough companies.”
Fund VI will allow QED to continue to invest in early and growth-stage FinTech companies primarily in North America, South America and the UK.
QED has invested in more than 120 companies to date and currently has more than 1.6bn under management.
Notable investments include Nubank, SoFi, Credit Karma, Klarna, GreenSky, Avant, Flywire, Remitly, QuintoAndar, Creditas, ClearScore, and Konfio.
Remitle founder and CEO Matt Oppenheimer said, “As experts in FinTech, they bring unique knowledge of the space that has enabled us to be proactive and intentional as we scale a rapidly growing business.
“QED adds enormous value to their portfolio companies as experienced operators, bringing valuable insights delivered with empathy. Remitly would not exist as it does today without the ongoing support of QED.”
Copyright © 2020 FinTech Global
