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April 12, 2022

Nigel Morris, Frank Rotman named to 2022 Midas List

By

Ashley Marshall

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QED Investors’ founding partners Nigel Morris and Frank Rotman were today named to Forbes’ annual Midas List.

Highlighting the world’s leading venture capitalists, the 21st edition of the Midas List positioned Rotman at No. 45 and Morris at No. 54. It marks the fifth consecutive year on the list for Rotman, while Morris appears for the second time after debuting in 2021.

Produced in partnership with TrueBridge Capital Partners, the Midas List is the definitive ranking of the top 100 tech investors.

Specializing in credit risk and portfolio management, Rotman's biggest score to date has been Credit Karma, which was acquired by Intuit for $7.1 billion in December 2020. His portfolio includes more than 20 investments, including SoFi, Roofstock, Flywire and Provide.

Morris’s inclusion on the list was spurred by QED's early investment into Brazilian neobank Nubank. The company went public in December 2021 at a $41 billion market cap. He also sits on the boards of portfolio companies Amount, AvidXchange, Bitso, ClearScore, Mission Lane, QuintoAndar and Remitly.

The duo co-founded QED in 2007, having worked together at Capital One, arguably one of the world’s first fintechs before the term “fintech” was even en vogue.

QED is one of 61 global venture firms to make the Midas List and one of only 17 VCs to have multiple investors appear in this year’s edition. Notably, QED is the only VC headquartered on America’s east coast with more than one investor on Forbes’ list.

QED has invested in more than 170 companies, including 25 unicorns, and has more than $4.6 billion under management. In September 2021, QED announced it had closed a substantially oversubscribed $1.05 billion fund, including $550 million in QED Fund VII for early stage investments and $500 million in a new Growth Fund.

‍

About QED Investors

QED Investors is a global leading venture capital firm based in Alexandria, Va. Founded by Nigel Morris and Frank Rotman in 2007, QED Investors is focused on investing in disruptive financial services companies in the U.S., the U.K. and Europe, Latin America, Southeast Asia and Africa. QED Investors is dedicated to building great businesses and uses a unique, hands-on approach that leverages our partners’ decades of entrepreneurial and operational experience, helping their companies achieve breakthrough growth. Notable investments include AvidXchange, Bitso, Current, Creditas, Credit Karma, Kavak, Klarna, Konfio, Loft, Nubank, QuintoAndar, Remitly and SoFi.
‍

Contact
Ashley Marshall
Director, PR and Communications
QED Investors
ashley@qedinvestors.com
(518) 577-9984

‍

QED Investors’ founding partners Nigel Morris and Frank Rotman were today named to Forbes’ annual Midas List.

Highlighting the world’s leading venture capitalists, the 21st edition of the Midas List positioned Rotman at No. 45 and Morris at No. 54. It marks the fifth consecutive year on the list for Rotman, while Morris appears for the second time after debuting in 2021.

Produced in partnership with TrueBridge Capital Partners, the Midas List is the definitive ranking of the top 100 tech investors.

Specializing in credit risk and portfolio management, Rotman's biggest score to date has been Credit Karma, which was acquired by Intuit for $7.1 billion in December 2020. His portfolio includes more than 20 investments, including SoFi, Roofstock, Flywire and Provide.

Morris’s inclusion on the list was spurred by QED's early investment into Brazilian neobank Nubank. The company went public in December 2021 at a $41 billion market cap. He also sits on the boards of portfolio companies Amount, AvidXchange, Bitso, ClearScore, Mission Lane, QuintoAndar and Remitly.

The duo co-founded QED in 2007, having worked together at Capital One, arguably one of the world’s first fintechs before the term “fintech” was even en vogue.

QED is one of 61 global venture firms to make the Midas List and one of only 17 VCs to have multiple investors appear in this year’s edition. Notably, QED is the only VC headquartered on America’s east coast with more than one investor on Forbes’ list.

QED has invested in more than 170 companies, including 25 unicorns, and has more than $4.6 billion under management. In September 2021, QED announced it had closed a substantially oversubscribed $1.05 billion fund, including $550 million in QED Fund VII for early stage investments and $500 million in a new Growth Fund.

‍

About QED Investors

QED Investors is a global leading venture capital firm based in Alexandria, Va. Founded by Nigel Morris and Frank Rotman in 2007, QED Investors is focused on investing in disruptive financial services companies in the U.S., the U.K. and Europe, Latin America, Southeast Asia and Africa. QED Investors is dedicated to building great businesses and uses a unique, hands-on approach that leverages our partners’ decades of entrepreneurial and operational experience, helping their companies achieve breakthrough growth. Notable investments include AvidXchange, Bitso, Current, Creditas, Credit Karma, Kavak, Klarna, Konfio, Loft, Nubank, QuintoAndar, Remitly and SoFi.
‍

Contact
Ashley Marshall
Director, PR and Communications
QED Investors
ashley@qedinvestors.com
(518) 577-9984

‍

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01

Settlement Collapse

Value transfer moves from days - corresponding banking, T+1 securities - to seconds. Working capital tied up in float is released.

02

Cost Collapse

Marginal transaction cost approaches zero: fractions of a cent, versus 1-6% on card and corresponding rails.

03

Programmability

Money becomes an object that carries logic - escrow, splits, rebates, compliance - executed by code, not back offices.

Pure infrastructure with no revenue accrual

Layer-1 chains and general-purpose middleware — outside our circle of competence and typically outside our stage.

Speculative asset creation

NFT platforms, memecoins, prediction markets styled as products — mapping to none of the five functions; structurally uninvestable for us.

Three structural truths cut across all five functions.

(a)

Regulated-first wins

The 2020/21 cycle proved permissionless purity does not survive contact with real financial regulation. GENIUS, MiCA, CLARITY and the UK/Singapore regimes are producing founders who start from “how do we get licensed” and build backwards — precisely the founder profile QED has always preferred.
(b)

Incumbents upgraded, not disintermediated

JPMorgan, Citi, Bank of America and Wells Fargo are jointly building a tokenized-deposit network; Visa launched a stablecoin platform in July 2026; 140+ businesses signed an open stablecoin standard. Banks migrate — and new-generation infrastructure companies own the picks and shovels of that migration.
(c)

Emerging markets feel it first

Every function improves most where the fiat experience is worst: cross-border payments, dollar access, investment product availability, working-capital finance. Those are exactly the geographies where QED has fintech ventures’ deepest footprint. Our geographic distribution is not incidental to the tokenization thesis — it is the thesis.

Trade & working-capital finance

Finkargo( LatAm import finance) and OatFi(B2B working-capital infrastructure) sit directly on flows whose logical settlement layer is stablecoin.

Collateralized digital-asset lending

Tokenized Treasuries, equities and stablecoin holdings as instant, programmable collateral.

On-chain private credt

Maple, Centrifuge and emerging institutional protocols - credit funds migrating to programmable rails.

Why QED is advanced

Credit is QED's craft: distinguishing lending businesses from fintechs pretending to be one, charge-offs earned from charge-offs deferred. On-chain credit is a straight-line extension, not a stretch.