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May 27, 2025

Nigel Morris named to 2025 Forbes Midas List of Best Investors

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ALEXANDRIA, Va. -- QED Investors Co-Founder Nigel Morris has been named to Forbes’ annual Midas List highlighting the best venture capitalists in the world.

Managing Partner Morris ranked No. 90 on the 2025 list. It marks five consecutive appearances as a Midas List honouree since his debut in the 2021 edition. At least one member of the QED team has been recognized on Forbes’ list every year since 2018.

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

“I am incredibly proud to be named to Forbes’ Midas List for the fifth time in a row,” said Morris. “While this seems like an individual award, it is very much the outcome of a unified team effort across many geographies. I’m fortunate to stand on the shoulders of my colleagues and our CEOs, and this recognition reflects the dedication of my teammates, the success of our portfolio companies and the trust placed in us by our LPs, without which none of this would be possible.”

Morris led QED's early investment into Brazilian neobank Nubank, where he sat on the advisory board. The company went public in December 2021 at a $41 billion market cap and now has a $58 billion market cap. He is also the chairman of QED portfolio companies ClearScore and Mission Lane, serves on the boards of Remitly, Bitso and Current and is a board observer for QuintoAndar and Albert.

Prior to launching QED in 2007, Morris co-founded Capital One, where he served as COO and President, taking the bank public and scaling it to a decacorn in the public markets.

A company is considered for VC deal attribution on the Midas List if it has exited in the past five years at more than $200 million or is a private, unexited company valued at more than $400 million.

QED has invested in more than 250 fintech companies, including 31 unicorns, and has an AUM of $4 billion. In 2023, QED closed nearly $1 billion in new funds between an oversubscribed $690 million eighth early stage fund and a $275 million second growth-stage 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 worldwide. QED Investors is dedicated to building great businesses and uses a unique, hands-on approach that leverages its partners’ decades of entrepreneurial and operational experience, helping companies achieve breakthrough growth. Notable investments include AvidXchange, Betterfly, Bitso, Caribou, ClearScore, Creditas, Credit Karma, Current, Flywire, Kavak, Klarna, Konfio, Loft, Mission Lane, Nubank, QuintoAndar, Remitly, SoFi, Wagestream and Wayflyer.

‍

Contact

Ashley Marshall
Director, PR and Communications

QED Investors

(518) 577-9984

ALEXANDRIA, Va. -- QED Investors Co-Founder Nigel Morris has been named to Forbes’ annual Midas List highlighting the best venture capitalists in the world.

Managing Partner Morris ranked No. 90 on the 2025 list. It marks five consecutive appearances as a Midas List honouree since his debut in the 2021 edition. At least one member of the QED team has been recognized on Forbes’ list every year since 2018.

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

“I am incredibly proud to be named to Forbes’ Midas List for the fifth time in a row,” said Morris. “While this seems like an individual award, it is very much the outcome of a unified team effort across many geographies. I’m fortunate to stand on the shoulders of my colleagues and our CEOs, and this recognition reflects the dedication of my teammates, the success of our portfolio companies and the trust placed in us by our LPs, without which none of this would be possible.”

Morris led QED's early investment into Brazilian neobank Nubank, where he sat on the advisory board. The company went public in December 2021 at a $41 billion market cap and now has a $58 billion market cap. He is also the chairman of QED portfolio companies ClearScore and Mission Lane, serves on the boards of Remitly, Bitso and Current and is a board observer for QuintoAndar and Albert.

Prior to launching QED in 2007, Morris co-founded Capital One, where he served as COO and President, taking the bank public and scaling it to a decacorn in the public markets.

A company is considered for VC deal attribution on the Midas List if it has exited in the past five years at more than $200 million or is a private, unexited company valued at more than $400 million.

QED has invested in more than 250 fintech companies, including 31 unicorns, and has an AUM of $4 billion. In 2023, QED closed nearly $1 billion in new funds between an oversubscribed $690 million eighth early stage fund and a $275 million second growth-stage 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 worldwide. QED Investors is dedicated to building great businesses and uses a unique, hands-on approach that leverages its partners’ decades of entrepreneurial and operational experience, helping companies achieve breakthrough growth. Notable investments include AvidXchange, Betterfly, Bitso, Caribou, ClearScore, Creditas, Credit Karma, Current, Flywire, Kavak, Klarna, Konfio, Loft, Mission Lane, Nubank, QuintoAndar, Remitly, SoFi, Wagestream and Wayflyer.

‍

Contact

Ashley Marshall
Director, PR and Communications

QED Investors

(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.