How One VC Cuts through the Fintech Hype

New report from QED Investors and Oliver Wyman details the bank charter wave by fintechs and nonbanks

2025 has become the year of the bank charter in the US, with a surge in bank licensing activity from fintechs and non-traditional applicants. Since January, 20 filings for de novo charters, bank acquisitions, or conversions have been submitted, representing an all-time high1. This may only be the leading edge of a broader wave, given expectations of more filings in the pipeline.

QED Investors hires Enrique Hausmann as a principal, based in London, to further strengthen QED’s commitment to the U.K. and Europe.