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Since 2022, QED Investors has backed 7 African startups across 10 disclosed funding rounds totaling $142.3M, most heavily in Nigeria and Fintech.
QED Investors is a global venture capital firm based in Alexandria, Virginia. Founded in 2007 by Nigel Morris and Frank Rotman, it focuses on financial services companies worldwide. In Africa, QED has backed companies across fintech and health tech, with the majority of its known activity in Nigeria and Egypt. The investment data provided shows activity from seed through Series B, including Seed, Pre-Series A, Series A, Series B, and other rounds. Its Africa portfolio in the data includes FlapKap, Raenest, Cedar Money, Remedial Health, TeamApt Limited, and Moniepoint. QED’s public materials also describe a dedicated focus on fintech and a global investing strategy spanning multiple regions, including Africa. The firm has said it invests in disruptive financial services companies and has expanded its Africa team to support that work.
Data updated · Sep 3, 2026
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QED Investors has backed 7 African startups across 10 disclosed funding rounds tracked on Liners, totaling $142.3M since 2022.
Mostly Seed: 4 of its 10 tracked rounds are at that stage, followed by Series A (3).
Its tracked rounds lean toward Fintech (9), Health Tech (2).
QED Investors most often shares rounds with A15 (4 shared deals), Nclude (4 shared deals), BECO Capital (2 shared deals).
QED Investors is a global venture capital firm focused on financial services and fintech. It is based in Alexandria, Virginia.
The companies listed in the data include FlapKap, Raenest, Cedar Money, Remedial Health, TeamApt Limited, and Moniepoint. These examples show QED Investors backing African startups in payments, cross-border transfers, business financing, and healthcare supply and procurement.
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