QED closes on $925M to back fintech startups

QED Investors today announced the closing of two new funds totaling $925 million, capital that it will be using to back early-stage financial technology startups, as well as growth rounds for later stage companies.
Specifically, today QED is announcing an “oversubscribed” $650 million early-stage fund – its eighth – and a $275 million growth-stage fund (the second of its kind), both of which are aimed at backing fintech companies primarily in the U.S., the United Kingdom and Europe, Latin America, Africa and Southeast Asia. 
Since its 2007 founding by Nigel Morris — who also co-founded Capital

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