US-based boutique venture capital firm QED Investors and alternative asset management firm Sound Point Capital Management is set to establish a new asset management business.

The new business will focus on offering debt and receivables financing solutions to early stage fintech companies specialising in e-commerce, payments, banking, revenue funding, earned-wage access and property technology.

The partnership will provide credit solutions of $10m to $200m to such companies.

Sound Point founder and managing partner Stephen Ketchum said: “Sound Point is delighted to partner with QED to provide financing to venture-backed FinTech businesses.

“We believe this is a natural product extension for both of our businesses and leverages our respective core competencies.”

QED co-founder and managing partner Nigel Morris added: “The relationship with Sound Point will provide creative debt and hybrid financing solutions for QED-backed and other great management teams to scale their businesses and reach their full potential as quickly as possible.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Founded in 2007 by Morris and Frank Rotman, QED invests in early-stage financial services companies in the UK, US, Latin America, and Southeast Asia.

It currently backs a number of companies including, Credit Karma, AvidXchange, Bitso, Klarna, Nubank, SoFi, Remitly and QuintoAndar.

In 2016, QED partnered with Canadian lender Scotiabank to promote fintech start-ups in Latin America that are focused on financial technology disruptors.

Commenting on the latest development, Sound Point Specialty Finance and FinTech Lending practice head Philip Bartow said: “We are proud of the collateral-centric underwriting approach we have built in lending to fast-growing FinTech companies and look forward to partnering with additional management teams under the QED umbrella.”