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Since 2022, QED Investors has backed 6 African startups across 7 disclosed funding rounds totaling $116.5M, most heavily in Nigeria and Fintech.
QED Investors is a venture capital firm specializing in fintech. The firm consists of operators recognized for their expertise, engagement, and empathy, investing in businesses that disrupt and empower. They maintain a portfolio of fintech specialists across regions including Africa. QED Investors has actively backed Nigerian companies from August 2022 to February 2025, participating in four funding rounds totaling $78.9 million. Their investments span Seed, Series A, and Series B stages, with a strong emphasis on fintech (three investments) and one in health tech. All investments targeted Nigeria, supporting companies like Raenest (Series A, multi-currency payments), Cedar Money (Seed, cross-border payments), Remedial Health (Series A, healthcare procurement), and Moniepoint (Series B, business banking). Gbenga Ajayi, Partner and Head of Africa and Middle East, champions these investments. Moniepoint marked QED's first investment into Africa in 2022. The firm has co-invested with notable players including Ventures Platform, Y Combinator, and Tencent.
Data updated · Jul 29, 2026
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QED Investors has backed 6 African startups across 7 disclosed funding rounds tracked on Liners, totaling $116.5M since 2022.
Mostly Series A: 2 of its 7 tracked rounds are at that stage, followed by Seed (2).
Its tracked rounds lean toward Fintech (6), Health Tech (2).
QED Investors most often shares rounds with Ventures Platform (2 shared deals), A15 (2 shared deals), Nclude (2 shared deals).
QED Investors has backed Raenest, Cedar Money, Remedial Health, and Moniepoint in Nigeria. These include fintech firms focused on payments and a health tech company for procurement. Investments occurred from 2022 to 2025.
Gbenga Ajayi, Partner and Head of Africa and Middle East, leads QED Investors' Africa investments. He champions portfolio companies like Raenest, Remedial Health, and Moniepoint.