QED Investors is now a Meow Customer
- Meow Technologies, Inc.
QED Investors is a $4 billion venture capital firm founded in 2007 by Frank Rotman and Nigel Morris. Before launching QED, Morris and Rotman were instrumental in taking Capital One public and scaling it to a decacorn in the public markets. Morris was the co-founder, chief operating officer and president of Capital One. In his 13-year Capital One journey, Rotman was responsible for many “firsts” that helped lay the foundation for what Capital One is today.
To date, QED has invested in over 200 companies across 18 countries with 28 unicorns. Notable investments include Credit Karma, Klarna and Nubank.
We are excited to announce that QED Investors is now a Meow customer. This partnership is a significant step towards serving the venture ecosystem.
"Meow has proven invaluable for treasury management across dozens of our portfolio companies. Now, the ability to easily onboard multiple entities from one login and generate best-in-class yields through Maximum Checking makes the platform useful for venture firms as well."
Frank Rotman, Co-Founder and Chief Investment Officer of QED Investors
In the wake of the banking crisis of March 2023, every single financial technology company needed to re-think their offerings to best serve customers.
At Meow, we landed on a 3 pillar foundation:
1. Safety & Security
This is the #1 focus which is why Maximum Checking through Meow is made possible by the nation’s largest insured cash sweep provider in IntraFi. This enables each entity onboarded to Meow access to up to $125* million of FDIC insurance eligibility.
Meow also enables customers to easily purchase U.S. Government Treasury Bills. However, Meow is never in the flow of funds. Through our infrastructure provider, QED Investors and others receive brokerage accounts in their own name at $2 trillion custodian BNY Mellon Pershing*.
With today’s rate environment, earning meaningful yield from your checking account is non-negotiable given the 6-figure opportunity cost.
Our Maximum Checking account offers venture funds best-in-class 4.55%* yields without sacrificing liquidity or introducing operational complexity.
3. Operational Simplicity
Corporate treasury management can be complex for venture funds given the variety of legal entities across their management company, different funds, and SPVs.
At Meow, we’ve enabled all customers to access multi-entity accounts from one login, automate money flows between treasury and checking products, and onboard new entities within 24 hours.
We are excited for the opportunity to serve the larger venture ecosystem. Founders and investors will always be the backbone of a financial system built on innovation.
Our goal is to take care of corporate treasury needs so they can go back to doing what they do best:
Funding and building the next generation of great companies.
*Disclaimer: Meow is a financial technology company and registered investment adviser, not a depository, bank or credit union, and your account at Meow is not, itself, an FDIC-insured product. Registration as an investment adviser does not imply any level of skill or training. Investment advisory services provided by Meow Advisory, LLC. Brokerage services provided by BNY Mellon Pershing, member SIPC, through a clearing and custody arrangement with Atomic Invest LLC ("Atomic", formerly known as Helium Advisors LLC.) Atomic is an SEC Registered Investment Advisor and serves as a sub-advisor to Meow. By opening a Maximum Checking account through Meow and if you choose to receive banking services provided by Grasshopper Bank, N.A, you deposit your funds into a deposit account at Grasshopper Bank, N.A. which sweeps those funds into deposit accounts across a network of FDIC-insured banks, for up to the current SMDIA of $250,000 per eligible depositor, per destination institution, for each ownership capacity or category, subject to applicable terms and conditions Grasshopper's ICS Deposit Placement Agreement. Grasshopper Bank, N.A. uses a third-party vendor and agent to help administer this sweep process. Visit https://www.intrafi.com/network-banks/ for a list of the banks and savings associations with which we/Grasshopper, N.A. have a business relationship for the placement of deposits at destination institutions, and into which your deposits may be placed (subject to applicable terms with you, and any opt-outs by Grasshopper, N.A. or you). The current limit for access to FDIC insurance on your funds through your Maximum Checking account powered by Grasshopper is $125 million, subject to change at any time by Meow. Terms and restrictions apply. Subject to applicable rate sheet. Interest rates and yields are effective as per the date on the rate sheet and are subject to change without notice. See applicable rate sheets. See our Account Agreements and other applicable terms. FDIC insurance is available to bank depositors up to $250,000 per eligible depositor, per FDIC-insured bank, per ownership capacity or category. FDIC insurance coverage is only available to protect you against the failure of an FDIC-insured bank that holds your deposits (and does not protect you against the failure of Meow or other third party). Terms and restrictions apply. See our Account Agreements. FDIC insurance is available to bank depositors up to $250,000 per eligible depositor, per FDIC-insured bank, per ownership capacity or category. Your account with Meow and all services provided to you are subject to the Meow Terms of Service (“Account Agreements”) and other applicable terms and no other representations or warranties, express or implied, are provided to you except as expressly set forth in those written Account Agreements. If you have any questions regarding your account, please contact email@example.com.