Innovation and Operation is in our DNA
The genius of Morris and Fairbank was to burrow deep into the spending habits and lifestyles of these so-called prime customers to find the better bets, then offer them various rates based on their various risks.
Bernard Condon, Forbes, 2001

Nigel Morris (right) founded Capital One Financial with Rich Fairbank

Nigel leaves Capital One after founding it and bringing it public
Coming to Life
After leaving Capital One, the one thing we knew was the industry was ripe for disruption. Many of the same factors that led to the success of Capital One led us to believe that financial services were evolving. There was immense opportunity to see that through.
Frank Rotman, Partner QED Investors

Nigel, Frank and Caribou Honig found QED

QED led Credit Karma’s Series A round
Building QED’s Foundation
The team spent the previous few years leaning into the space and going to school on venture. When I joined the team in 2014, we were building out the foundational team and strategy and were well on our way to being top tier investors. This set the stage for where we are today.
Bill Cilluffo, Partner, QED

First investments in LatAm (Pitzi, NuBank, Guiabolso, Creditas)

QED raises money from external investors for the first time since its inception
The Model is Working
An undeniable truth 13 years since our inception, we have the three solid pillars a cutting-edge VC firm needs – Capital, a phenomenal top-notch team of investors and a robust pipeline. The wind is at our back and we have never been more excited to continue to invest in the founders who are bringing transparency and fairness to financial services.
Nigel Morris, Co-Founder and Managing Partner, QED

First dozen (a herd?) unicorns.

QED raises $350 M fund, the biggest fund to date, with most significant amount of external capital raised from top-tier LP base

QED expands to Asia

Credit Karma is acquired by Intuit for $7B.