Outstanding Fintech enterprise capital agency QED Traders has introduced an enlargement into Southeast Asia. It already invests in early-stage Fintechs within the U.S., UK. and Latin America. Fintech in Asia has skilled a growth in early-stage ventures and whereas investments may ebb and rise it stays a scorching marketplace for monetary innovation and will stay so for a few years to return.
A few of its extra outstanding investments embrace names like SoFi, Klarna, Credit score Karma, and extra.
In a weblog put up, QED mentioned that they had appointed Sandeep Patil to assist lead the cost.
Patil, who has an M(BA) from the London Enterprise College, made his connection to QED when he labored at Capital One. He beforehand constructed Flipkart’s first Fintech merchandise, together with shopper and SME lending. He additionally hung out at Truecaller the place he was Managing Director and CEO for India. Patil might be primarily based in London.
QED says Patil reconnected with them final 12 months when he started discussing the potential of rejoining the VC. To cite Patil:
“Once I visited the team in Alexandria, that ‘zing’ really came back. The team is truth-seeking, solution-oriented, analytical, and thoughtful, and it magnified the scale of impact that one can have within the region.”
Nigel Morris, co-founder and managing associate of QED Traders, commented on QED’s entry into Asia:
“Over the past 13 years, QED has exported its deep fintech expertise around the world – Latam, the UK, and now India and Southeast Asia. It is clear that the fintech expertise we offer provides true value and we are thrilled that Sandeep will joining our team of experienced operators to act as a consigliere to founders around the Asian continent.”