Product: B2B payments hub
Fintech startup Qolo launched an all-inclusive B2B payments platform, designed to facilitate growth and commerce enablement while helping next-generation business owners navigate the complex payments landscape. As part of its New Economy focus, Qolo helps modern fintech firms protect and accelerate gig worker payouts, distribution payments, multi-currency and cross-border payments while lowering costs, stated Patricia Montesi, founder and CEO at Qolo.
"The name Qolo stands for 'quality of life organization,' and that is the core of our holistic approach to payments," Montesi said. "Our comprehensive toolkit and flexible, interoperable architecture improve our client's quality of life by providing everything they need in one place."
Montesi pointed out that Qolo's toolkit and technology suite are specifically designed to help New Economy businesses, which tend to have different needs than traditional merchants. She added that Qolo provides fintech startups, challenger banks and international marketplaces with a range of capabilities within a single platform.
As a business-to-business payments hub for the New Economy, Qolo provides partners and clients with advanced fraud detection technology, real-time processing and multicurrency support, Montesi stated. Following are additional details:
Montesi further noted that Qolo is helping companies reduce expenses, improve efficiencies and drive growth. The company's founding team has more than a century of combined industry experience, she stated.
"Innovation is in our DNA and we've put it to use by building an innovative company to drive enhanced and better payment practices for the New Economy," Montesi said. "Our all-in-one platform provides diverse functionality and it's all available through a single API interface."
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