Qolo

Qolo provides infrastructure for card and payment programmes, funds accounting and APIs for embedded financial products. It is an issuer processor and a financial infrastructure provider.

Platform

The listed services are issuer processing, payments, a ledger and embedded finance. Payment channels named are ACH, FedNow and RTP, which are US rails, so the platform is oriented to US-based programmes. The ledger keeps the books for balances and movements in a programme, which matters for partners that hold customer funds under a sponsor bank arrangement.

Customers

The published target segments are fintech companies, banks and financial institutions, and software platforms. This points to the intended audience and is not a guarantee that any applicant is accepted.

Reading the role correctly

Qolo supplies technology and is not a deposit-taking bank. Its products should not be considered bank deposits, and BINs used in programmes should not be attributed to it by default. The issuing bank and sponsor depend on the programme.

Before choosing

Ask which sponsor banks the platform works with, how onboarding and compliance are divided between the partner and the provider, and how processing and ledger fees are structured.