LAVCA VC
  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • #changetheratio
  • Engage
    • VC Council
    • VC Members
  • LAVCA
  • Member Login
  • Member Access

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • #changetheratio
  • Engage
    • VC Council
    • VC Members
  • LAVCA

Scotiabank Partners with QED Investors to Promote FinTech Start-ups in Latin America

December 10, 2016
Fintech QED Investors Scotiabank

(ACN Newswire) Scotiabank and QED Investors announced a partnership to inject capital and industry expertise into select Latin American FinTech companies. The joint investment will create a venture capital platform that will identify, invest and promote the growth of innovative start-ups across the fintech spectrum that look to improve customer products and experiences in Latin America.

“We’ve been investing in Brazil for a little over two years, with four portfolio companies (BankFacil, GuiaBolso, Pitzi, Nubank), and we did our first investment this year in Mexico in Konfio,” says QED partner Bill Cilluffo. “With this new fund, we are actively looking at other opportunities in these markets, and will be exploring other countries within LatAm.”


Scotiabank and QED Investors announced today a new and innovative partnership that will inject capital and industry expertise into select Latin American FinTech companies. The joint investment will create a venture capital platform that will identify, invest and promote the growth of innovative start-ups across the FinTech spectrum that look to improve customer products and experiences in Latin America.

As the manager of the fund, QED Investors will bring their deep expertise in the financial services sector and a track record of building groundbreaking FinTech businesses. Scotiabank will assist QED Investors in its evaluation of potential strategic investments in the Pacific Alliance countries (Mexico, Chile, Colombia and Peru) and bring strategic funding, resources, customers and experience in these markets. This fund will seek out companies in Latin American countries focused on financial technology disruptors.

“We are excited to partner with QED Investors as their experience and deep understanding of customer trends, FinTech business models and digital disruption will help us bring leading edge best practices in innovation to our customers,” said Ignacio (Nacho) Deschamps, Group Head, International Banking and Digital Transformation at Scotiabank. “With QED’s hands-on FinTech experience, we will be uniquely positioned to partner with the emerging ecosystem of FinTechs in Latin America. The business models of FinTechs are attractive to consumers and an opportunity for us to learn, invest and partner.”

“We see significant opportunities for FinTechs in Latin America, and look forward to leveraging our entrepreneurial and operational expertise to the companies we will invest in,” said Bill Cilluffo, a Partner in QED Investors responsible for Latin America. “Scotiabank is a natural partner for this fund due to its strong presence in the region and its ambitious digital transformation agenda.”

Scotiabank’s digital strategy has increased technology and customer experience investments over the past 18 months in pursuit of aggressive digital goals. Execution of this strategy has yielded the appointment of Silicon Valley tech leader Shawn Rose as Executive Vice President, Digital Banking; creation of the Digital Factories in Toronto, Mexico, Chile, Colombia and Peru, to build world-class digital customer experiences; investment in emerging areas such as analytics and machine learning; establishment of groundbreaking partnership models with leading business schools; and direct investment in innovative FinTechs like Kabbage and SecureKey.

QED Investors was co-founded by Nigel Morris, who also co-founded Capital One, and brings decades of experience as investors, operators and builders. Their approach is to share their knowledge and ability with the disruptors they choose to work with to help them navigate their rapid growth. QED has made investments in the US and the international FinTech industry, notably in Credit-Karma, Green Sky and many others. Over the last two years, QED has independently built a successful Latin American portfolio, including NuBank, Guiabolso, Pitzi, Bankfacil in Brazil, and has recently expanded this model to Mexico through its investment in Konfio.

Scotiabank Partners with QED Investors to Promote FinTech Start-ups in Latin America was last modified: May 18th, 2017 by Editor
BankFacilFintechGuiaBolsoLatin AmericaNubankpitziQED InvestorsScotiabank
0
Facebook Twitter Google +

Submit VC News

Have private equity or venture capital related news that you would like to share? Submit your press releases and news to news@lavca.org.

Categories

  • Deals
  • Exits
  • Regulatory
  • M&A
  • New Funds & Firms
  • Partnerships

Sector Tags

agribusiness AgTech Artificial Intelligence B2B biotech Consumer/Retail delivery Digital Media & Entertainment e-commerce ecommerce EdTech Education Energy Enterprise Software Financial Services fintech foodtech Healthcare Healthtech HRTECH Human Resources Impact Impact Investing Infrastructure IoT IT logistics Logistics & Distribution logistics and distribution marketplace Marketplaces Mobile Private Capital Private Equity Proptech Real Assets Real Estate SaaS Software Startup startups Technology Telecommunications Transportation venture capital

Geography Tags

Alquilando Argentina Argentine Austria Belize Bolivia Brasil Brazil Canada Canary Caribbean Central America Chile Colombia Costa Rica Dominican Republic Ecuador El Salvador Guatemala Honduras India International INTL Israel Jamaica Japan Kenya LatAm Latin America Mexico Miami Nicaragua Pan-Regional Panama Paraguay Peru Portugal Puerto Rico South Korea Spain United States Uruguay US USA Venezuela
LatAm Venture Bulletin

LatAm Venture Bulletin

The LatAm Venture Bulletin is a must-read roundup of startup deals and news on emerging technologies in Latin America, delivered to over 6,000+ investors, entrepreneurs, and corporates bi-weekly.
Asset Class *

Tweets

  • Great panel on impact investment and development finance in #LatAm with @IFC, @xpinvestimentos, SEAF & LAVCA’s Eman… https://t.co/E8k9d4o08v

    09-Apr-2021

    Reply Retweet Favorite
  • JOIN LAVCA & @SVB_Financial for #VC Trends in #LatAm: A Year Into the Pandemic on April 22. The virtual discussion… https://t.co/7JYXa2vITE

    07-Apr-2021

    Reply Retweet Favorite
  • 🆕!🚀LAVCA, with support from @IDB_Lab, surveyed #Latam #startups to highlight the progress of #healthtech & #edtech… https://t.co/DaNkIIaJyj

    25-Mar-2021

    Reply Retweet Favorite
  • 🇧🇷 READ our latest deal case featuring Canary's #investment in Brazilian #education services/ #edtech startup Alice… https://t.co/LEHLUjsY7j

    11-Mar-2021

    Reply Retweet Favorite
  • Great conversation with #LATAM private capital associations about challenges, opportunities, policy updates, & best… https://t.co/XlacTRJ7I4

    01-Mar-2021

    Reply Retweet Favorite

Keep in touch

Twitter Linkedin Youtube

About LAVCA

 

LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

LAVCA Offices

    New York City:
    589 8th Ave, 18th Floor
    New York, NY 10018

LAVCA Also Has a Regional Presence in:

  Washington, D.C.
    

    Silicon Valley:
    San Francisco, CA

Explore LAVCA.org

  • About LAVCA
  • Board, Team, & Advisors
  • Media
  • Contact Us
  • Membership Benefits
  • Members Only Access
  • Education and Programs
  • Research
  • Policy
  • LAVCA VC
  • Contact Us

@2020 - LAVCA. All Rights Reserved.


Back To Top