Qolo is a B2B payments hub that provides a single API platform for managing various payment methods, including card issuing, ACH transfers, and real-time push payments. The platform addresses the complexity of payments ecosystems by offering seamless integration and support for multiple payment channels, enabling businesses to reduce costs and improve transaction efficiency.
Funding
$25M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Businesses face complexities in managing diverse payment methods, including card issuing, ACH transfers, real-time push payments, and wires, often relying on fragmented systems. Integrating and supporting multiple payment channels can be costly and inefficient, hindering transaction processing and reconciliation.
Solution
Qolo offers a unified B2B payments platform accessible through a single API, streamlining the management of various payment methods. The platform provides comprehensive functionality for card issuing (virtual and physical), ACH processing (next-day and same-day), real-time push-to-card payments, and wire transfers. Qolo's solution includes a Quantum Ledger for direct integration with payment rails, Qinetic Issuing for launching and scaling card programs, and Qascade Money for simplified money movement across banks. By unifying these capabilities, Qolo enables businesses to reduce operational burdens, improve transaction efficiency, and accelerate time to market for new payment solutions.
Target Audience
Qolo primarily targets businesses seeking to streamline their payment operations, including those involved in gig worker disbursements, card processing, and virtual account management.
Features
- Single API for managing card issuing, ACH, real-time payments, and wire transfers
- Quantum Ledger for direct connectivity and error-free operations with payment rails
- Qinetic Issuing for launching and scaling debit, prepaid, and credit card programs
- Qascade Money for moving money across banks with a single API
- Virtual and physical card processing capabilities
- Next-day and same-day ACH processing
- Real-time push-to-card payments
- Integrated compliance and security features