Qolo Secures $15 Million in Series A Funding Round

Qolo, a B2B payments hub for Fintech, announced that it has secured $15 million in a Series A funding round, which was led by The Raptor Group with additional participation from other professional investors and strategic partners.

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Established in 2018, Qolo empowers businesses to manage payments efficiently with an eye toward growth and reduced expense and supports companies wherever speed, security and cost of payment are important including gig worker payouts, distribution payments, multi-currency and cross-border businesses and modern fintech firms.

The funding allows the company to continue its expansion with additional talent growth, new product launches, and increased international focus. Last month, the company began rolling out the beta version of its Qolo Accelerator program, a unique engagement model allowing clients to quickly get to market, while maintaining product flexibility, program control and enhanced economics down the line.

“We experienced strong investor interest fueled by our unique value proposition and rapid pace of customer acquisition. The current fintech climate is driving massive growth, and Qolo’s 100% cloud-native, omnichannel offering is perfectly positioned to meet the demand,” said Patricia Montesi, Qolo CEO.

“We’ve always been focused on investing in companies to help them realize their vision faster, and we are thrilled to support the incredible growth and fantastic leadership team at Qolo,” said Jim Pallotta, managing partner and founder of The Raptor Group.