Qolo is an omnichannel, 100% cloud-native payments platform for fintechs, founded in 2018 and based in Fort Lauderdale, FL. The platform supports gig worker payouts, distribution payments, multi-currency and cross-border businesses, and modern fintech firms. Qolo emphasizes speed, security and reduced cost of payment and positions its technology to future-proof fintechs. The company has tripled its staff in the past year and added C-suite hires including CFO J. Peter Bardwick, Chief Client Officer Betty Mitchell, and EVP Dhruv Singh. Qolo has begun rolling out a beta of its Qolo Accelerator program to help clients quickly get to market while maintaining product flexibility and enhanced economics. The Series A funding will support additional talent growth, new product launches, and an increased international focus.

Total raised

$15M

Funding rounds

1

Latest round

Series A

Latest activity

Aug 2021