In this episode,
Rory Mounsey-Heysham speaks with
Nigel Morris, Managing Partner at QED Investors and co-founder of Capital One. Nigel reflects on four decades in financial services, his ambition to impact over one billion people through fintech, and why he believes innovation in finance is still in its early innings.
The conversation explores how Capital One democratized credit through risk-based pricing, why fintech continues to take share from incumbents, and where the next decade of disruption may come from across stablecoins, open banking, AI, and digital-native banking models. Nigel also shares hard-won lessons from building QED into one of the world’s leading fintech venture firms.
Key Takeaways
- Why Nigel’s goal to impact one billion lives shapes his investment philosophy
- How Capital One used data and risk-based pricing to expand access to credit
- Why fintech is still a small share of a $14 trillion market and growing faster than incumbents
- Where fintech already dominates, from remittances to earned wage access and neo-banks
- How stablecoins and open banking could reshape deposits and cross-border payments
- Why venture capital is about brand, power-law outcomes, and backing generational founders
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What is Benevolent Disruptors?
"Benevolent Disruptors” is a podcast series, co-hosted by the Managing Partners of BNVT Capital, Rory Mounsey-Heysham and Chris Corbishley. In this series we interview leading founders, investors, allocators, and regulators on the role of business and technology in society.
As individuals, business and governments grapple with the implications of a rapidly evolving technological landscape, Benevolent Disruptors provides a more optimistic view on how technology changes lives. We learn from the inspirational stories of those building big businesses tackling our most pressing challenges.