Want to share news to millions of readers?

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.

More Pictures


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:

Language: English

Reading Time: 5 minutes read

Article Length: 817 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 127470

View Article Analysis

About TechCrunch

TechCrunch Logo

Main Topics: Technology

Official Website:

Update Frequency: 40 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 8h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #20

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.