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QED makes its first African investment, backing Nigerian fintech TeamApt in $50M+ deal

TechCrunch LogoTechCrunch1 mo ago

QED makes its first African investment, backing Nigerian fintech TeamApt in $50M+ deal - TechCrunch

Quick Summary:

QED Investors, a U.S.fintech-focused venture capital firm, has led a new investment in TeamApt, a Nigerian fintech that provides business payments and banking platforms.

The investment was over $50 million, according to sources familiar with the matter, though neither QED nor TeamApt would confirm the figure.

QED is also a renowned credit operator and has helped develop strong credit functions for portfolio companies such as Brazil’s Nubank and India’s Jupiter, which according to Eniolorunda, fit TeamApt’s lead investor profile.


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Article Details

Author / Journalist: Tage Kene-Okafor

Category: Technology

Topics: Funding TC TeamAPT QED Investors Africa Fintech QED

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-10, 14:20:05

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Reading Time: 5 minutes read

Article Length: 817 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 127470

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