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Qolo introduced a partnership with payouts firm PayQuicker.
The partnership will mix PayQuicker’s Payouts OS platform with Qolo’s card issuing and funds expertise.
Headquartered in Fort Lauderdale, Florida, Qolo made its Finovate debut at FinovateFalll 2022.
Omnichannel funds and card issuing processor Qolo has teamed up with international payouts firm PayQuicker. The partnership will mix PayQuicker’s Payouts OS platform with Qolo’s card issuing and funds expertise. This can allow PayQuicker to difficulty a extra superior suite of card merchandise, in addition to make multi-channel payouts to assist its company clients meet a variety of payout wants.
“We selected Qolo as an issuing-processing associate as a result of they provide essentially the most fashionable, scalable, and versatile platform that may allow us to carry distinctive and differentiated fee options to our clients,” PayQuicker President Charles Rosenblatt stated.
Headquartered in Fort Lauderdale, Florida, Qolo made its Finovate debut at FinovateFall 2022 in New York. On the convention, Qolo demoed its Companion Core, which provides banks low-cost, fintech performance that runs in tandem with their current system. Through a single API set, Qolo supplies direct entry to all fee rails and account varieties and provides program administration, processing, and platform licensing, in addition to buying, card and non-card funds, and account options.
“Qolo and PayQuicker are aligned in our imaginative and prescient to carry the most effective funds choices to market,” Qolo CEO Patricia Montesi stated. “We’re thrilled to work with them and assist energy their modern shopper and business packages.”
Based in 2018, Qolo started the yr with information that the corporate had processed greater than $1 billion in whole payouts in This fall of 2022. Qolo has raised $19 million in funding, most just lately securing $15 million in a Sequence A spherical led by The Raptor Group. The funding, in August 2021, got here within the wake of a tripling of Qolo’s employees, in addition to a pair of C-suite hires, and the launch of a beta model of its Qolo Accelerator program.
“We skilled robust investor curiosity fueled by our distinctive worth proposition and speedy tempo of buyer acquisition,” Montesi stated when the funding was introduced. “The present fintech local weather is driving huge progress, and Qolo’s 100% cloud-native omnichannel providing is completely positioned to fulfill the demand. And now we have but to see a funds mannequin we will’t energy.”
Picture by Kelly
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