Mumbai QED Investors: QED Investors, a fintech-focused investment firm started by the co-founders of Capital One, has invested $150 million in India in a single year and plans to continue this momentum of investment in the coming years, one of the firm’s said the senior executive.
QED was founded by Nigel Morris and Frank Rotman in 2007 and began life as a family office. Morris previously co-founded Capital One, one of America’s first fintech companies.
“India is an important market for us. We have invested $150 million a year and given the opportunity in India we expect to continue this momentum at least, so we can invest around $500 million in India over the next three years, Said Sandeep Patil, Partner & Head – South East Asia at QED Investors. “We are very different from other investors because we have a strong operator DNA. From our founders to most senior executives, most are from operating backgrounds and thus we consider ourselves primarily an operator and then an investor. We We are also a multi-stage investor, we can invest from seed stage to growth stage, and we can bring our knowledge and operations expertise across multiple stages,” Patil said.
Last September, QED closed an oversubscribed fund of $1.05 billion consisting of a $550 million Fund VII and a $500 million Growth Fund. Estimated investment will come from these and future funds. In India, QED has invested in fintechs such as Neobank Jupiter, acquired wage access finance startup Refyne, open finance platform Upswing and FPL Technologies.