QED, a fintech-focused investor has planned to deploy $500 million in Indian startups over the next three years. The firm has already deployed $150 million into the local market to date.
These investments are spread across neobank Jupiter, open finance firm upswing, earned wage access provider Refyne, and fintech startup FPL Technologies operating digital credit score platform OneScore. The VC firm has positioned itself as a multi-series investor to deploy capital across pre-seed, seed, series A, B, and growth stages.
Sandeep Patil commenting on the same said that they are more focused on two buckets. The first is embedded finance, where financial services can be a significant source of economic benefit for organizations. The second is new asset classes such as crypto.
QED was initially financially supported through internal capital. In September 2021, it reported a $1.05 billion fund that consisted of a $500 million Growth Fund and a $550 million Fund VII.
