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Why QED, hot on Nubank, is bullish about LatAm fintech



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As venture capital totals grow in Latin America, the region is about to see its leading champion go public. Nubank’s IPO is coming into closer focus after the Brazilian neobank filed privately to list its shares in both the United States and its home market, later releasing a public IPO filing.
One investor in the company that caught our eye for its Latin American investments is QED. As it turns out, its first investment in the region was Nubank, a deal that is set to pay off handsomely.
Per Crunchbase data, QED put capital into Nubank’s 2014 Series A, 2015 Series B, 2016 Series D and 2018 Series E, though there may be more dollars in play that we cannot see. According to an interview, QED only invested in the company after being impressed with its CEO, David Vélez, instead of due to a larger push into Latin American fintech.
Since then, the fintech-focused fund has made more investments in the region. QED partner Lauren Morton is dedicated to the Latin American market for the investor, so we reached out to get her take on recent results from the region. Las …

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