qolo
Qolo provides a unified B2B payments infrastructure platform combining an embedded real-time ledger, card issuing, virtual account management, and multi-rail money movement for commercial banks, fintechs, and vertical SaaS providers through an API-first deployment model.
- Company typePrivate
- Founded2018
- HeadquartersFort Lauderdale, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What qolo does
Qolo is a B2B payments infrastructure company that provides commercial banks and fintechs with a unified platform for embedded ledger, card issuing, virtual account management, and multi-rail money movement. The company was founded in 2018 and is headquartered in Fort Lauderdale, Florida. Its core technology is Quantum Ledger, a real-time dual-entry embedded ledger that serves as the foundation for all other products, eliminating the need for banks to stitch together separate card issuers, money-movement providers, and ledger systems. Layered on top of the ledger are Qinetic Issuing (virtual and physical card issuance with custom authorization logic and digital wallet tokenization for Apple Pay, Google Pay, and Samsung Pay), Qascade Money (multi-rail orchestration across ACH, wire, RTP, FedNow, and card rails through a single API), Virtual Account Management (infinite sub-account hierarchies under master physical accounts with automated sweeps and real-time visibility), and Program Management & Risk Control (KYC/KYB, AML monitoring, rules-based fraud detection, and chargeback management).
Qolo generates revenue primarily through subscription-based platform/SaaS licensing under multi-year enterprise contracts, supplemented by transaction processing fees on payment volume and fees for premium virtual account management services. Pricing is quote-based and tailored to client scale and use-case complexity rather than published as standard tiers. The company distributes through direct enterprise sales to commercial bank decision-makers (CFO, Treasury, Commercial Banking leadership) and to fintech platforms, with a parallel API developer-portal motion for technical evaluation. Strategic bank partnerships function as anchor distribution channels: KeyBank launched KeyVAM in October 2024 and KeyVC in April 2026 (with a minority equity investment), and Huntington National Bank launched Connected Deposits in October 2025 (also with a strategic equity investment). The company reports 25+ live clients, 130% year-over-year growth, 142% net revenue retention, and over $9 billion in transactions processed through KeyVAM since launch. Disclosed equity funding totals approximately $19 million from a 2021 seed and Series A, supplemented by undisclosed strategic minority investments from KeyBank and Huntington.
qolo firmographics
Firmographics- Name
- qolo
- Legal name
- Qolo
- Website
- https://qolo.io
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Qolo provides a unified B2B payments infrastructure platform combining an embedded real-time ledger, card issuing, virtual account management, and multi-rail money movement for commercial banks, fintechs, and vertical SaaS providers through an API-first deployment model.
- Ownership category
- akta.pro rank
qolo industry classification
Industry- Product category
- Payments Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Activities Related to Credit Intermediation (5223)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Payment Orchestration Platforms (FSAGABAA)
- akta.pro secondary industry
- Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)
Keywords
Where qolo is headquartered
LocationHeadquarters
- HQ city
- Fort Lauderdale
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
qolo business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Platform/SaaS Licensing: Revenue from licensing Qolo's unified payments infrastructure platform to banks, fintechs, and payment innovators. The platform provides embedded ledger, card issuing, virtual account management, and money movement capabilities via API, typically through multi-year contractual agreements.
- Transaction Processing: Fees generated from processing payments across multiple rails (ACH, RTP, wire, card) through the Qascade Money platform. Volume-based revenue tied to transaction throughput on the platform.
- Virtual Account Management Services: Fee revenue from providing sophisticated treasury services including virtual account hierarchies, automated sweeps, and premium account capabilities to commercial banking clients.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Enterprise pricing tailored to bank and fintech platforms |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
qolo product offering
Product offeringCore offering
Qolo provides a unified payments infrastructure platform that combines a real-time embedded ledger (Quantum Ledger), card issuing and processing, B2B money movement, and virtual account management into a single API-first system. It enables commercial banks, fintechs, and vertical SaaS platforms to launch, scale, and control modern payment programs without replacing core banking systems.
Product overview
Qolo is a unified payments infrastructure platform combining embedded ledger, card issuing, and virtual account management capabilities into a single real-time programmable system. The core architecture is built around Quantum Ledger as the foundational layer, with Qinetic Issuing for card programs, Qascade Money for multi-rail payment orchestration, and Virtual Account Management for account hierarchies. Additional capabilities include Program Management & Risk Control for fraud, compliance, and dispute management. The platform serves commercial banks (including KeyBank and Huntington Bank) and fintechs through both direct product sales and bank-specific branded deployments like KeyVAM and Connected Deposits. Qolo's API-first approach enables deployment without replacing existing core banking systems.
Differentiator
Problem solved
Functional benefit
Brands
- Quantum Ledger: Bank-grade, dual-entry real-time ledger infrastructure that powers all payment operations, providing real-time tracking and audit-ready precision for every transaction.
- Qascade Money
- Qinetic Issuing
Products and services
- Quantum Ledger Bank-grade, dual-entry real-time embedded ledger providing real-time accuracy with no batch delays, programmable control for automated approvals/sweeps/limits, and audit-ready reporting for banks, fintechs, and payment innovators.
- Virtual Account Management (VAM) Platform for creating, managing, and segmenting virtual accounts at scale, enabling real-time visibility, configurable sweeps and funding logic, fee and interest tracking, and account hierarchies without replacing core banking systems.
- Qinetic Issuing Native card issuing and processing platform enabling issuance of physical and virtual cards with customizable spend controls, custom authorization logic, real-time reporting, and digital wallet tokenization (Apple Pay, Google Pay, Samsung Pay).
- Qascade Money Multi-rail money movement platform enabling payment orchestration across ACH, wire, RTP (Real-Time Payments), FedNow, and card rails through one unified API with real-time data integration to the ledger.
- Program Management & Risk Control Comprehensive payment program management solution covering dispute and chargeback management, KYC/KYB/AML compliance, rules-based fraud detection, and migration support for transferring existing card programs.
- KeyVAM KeyBank-branded Virtual Account Management platform powered by Qolo, enabling custom virtual account structures, automated reporting and reconciliation, enhanced dashboard reporting, and API integration. Processed over $9 billion in transactions since launch.
- Connected Deposits Huntington Bank's Virtual Account Management platform powered by Qolo, providing real-time cash visibility, automated reconciliation, unlimited virtual sub-accounts under a single parent account, and fund management capabilities for commercial banking clients.
- KeyVC (Key Virtual Card) KeyBank's virtual commercial card program powered by Qolo's infrastructure, enabling commercial clients to create and manage virtual cards within KeyBank's Virtual Account Management platform (KeyVAM) for streamlined accounts payable and improved spending visibility.
Quantifiable outcome
- Deployed in under nine months vs. two-year legacy implementations
- +4 more outcomes
Companies that use qolo
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
qolo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature6 records
qolo partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered flagship and core.
- Huntington National BankflagshipHuntington National Bank partnered with Qolo to launch Connected Deposits, a Virtual Account Management platform designed to improve treasury management for Huntington's commercial customers. The platform provides real-time cash visibility, automated reconciliation, and sub-account management. Huntington made a strategic investment in Qolo, marking a significant bank-fintech collaboration to modernize commercial banking without core system replacement.
- KeyBankflagshipKeyBank and Qolo launched KeyVAM (Key Virtual Account Management) platform in October 2024, enabling commercial banking clients with virtual account structures, automated sweeps, and real-time cash visibility. The partnership expanded in 2026 with KeyVC virtual commercial card program, allowing KeyBank's clients to create and manage virtual cards within the existing treasury platform. KeyBank made a minority equity investment in Qolo, deepening the strategic alignment. KeyVAM has processed over $9 billion in transactions since launch.
- Super.comcoreSuper.com partnered with Qolo to launch the Super.com Card, a first-in-market dynamic secured credit card program. Qolo's platform enables cooperative authorization allowing Super.com to define custom approval logic while Qolo manages top-level authorization. The partnership achieved triple-digit year-over-year growth in processing volume.
- WolfecoreWolfe partnered with Qolo for unified card issuing and payment processing infrastructure supporting their gift card and incentive product portfolio (PerfectGift.com, GiftYa, Gift Card Granny, Give InKind). Qolo enabled real-time card activation, fraud prevention, and scalable processing handling $915M+ in payment volume with virtually zero error rate.
- BluebanccoreBluebanc uses Qolo's card processing APIs to build payment infrastructure for their media buy clients, gaining real-time spending visibility and spend control across Facebook and Google Ads payments. The partnership drove 320% increase in client spend.
- Credit KeycoreCredit Key partnered with Qolo to enable virtual card disbursement for loan proceeds, allowing borrowers to receive approved capital instantly on virtual cards with spending controls. Qolo provides the unified infrastructure for card issuing, account management, and transaction processing.
Scale indicators8 records
Recent moves6 records
Expansion highlights7 records
qolo competitors and assessment
Company assessmentDirect peers
- Modern Treasury: Modern Treasury provides payment operations infrastructure including virtual accounts and real-time ledgering to banks and fintechs via APIs. It is the closest direct competitor to Qolo, targeting similar commercial bank and platform customers with overlapping virtual account management and money movement capabilities.
- Marqeta: Marqeta is a card issuing and processing platform serving fintechs and banks through API infrastructure. Qolo's COO Rouzbeh Rotabi previously led GTM at Marqeta, and the platforms compete directly in card issuing - though Qolo differentiates by combining issuing with embedded ledger and virtual account management.
- Treasury Prime: Treasury Prime offers Banking-as-a-Service infrastructure connecting banks and fintechs via APIs, including embedded ledger, account management, and payment initiation. It targets the same bank-fintech infrastructure segment as Qolo with comparable API-first deployment models.
- Unit: Unit provides embedded banking and payments infrastructure for fintechs and banks, including accounts, cards, and ledgering capabilities. The company is a direct peer addressing the same bank/fintech infrastructure opportunity with API-first delivery.
- Synctera: Synctera enables community banks and fintechs to launch banking products through an end-to-end platform covering compliance, ledgering, card issuing, and account management. It directly competes with Qolo in serving regional banks seeking modern infrastructure without core replacement.
- Highnote: Highnote is a card issuing and embedded payments platform serving fintechs and banks with multi-rail money movement and programmable ledger capabilities. It overlaps with Qolo's Qinetic Issuing and Qascade Money modules for similar customer segments.
- Lithic: Lithic provides card issuing infrastructure and APIs for fintechs and digital banks. It is a direct competitor in the card issuing and processing segment of Qolo's product suite.
Broad incumbents
- Stripe Treasury: Stripe Treasury offers embedded banking-as-a-service for platforms, with integrated ledger and account management. As part of Stripe's broader payments suite, it represents a broad incumbent serving similar platform customers with overlapping capabilities.
- FIS: FIS is a global financial technology provider offering core banking, treasury, card issuing, and money movement solutions to banks and corporations. Qolo's CPO Darren Beyer previously led fintech efforts at FIS, and the company represents the legacy incumbent that Qolo positions against.
Emerging players
- Orum: Orum provides instant payment orchestration and money movement infrastructure, particularly for ACH and RTP rails. It is an emerging player with partial overlap to Qolo's Qascade Money platform and shares executive lineage through COO Rouzbeh Rotabi.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
qolo social profiles
Digital presenceqolo financial estimates
Financial estimateRevenue estimate
Valuation estimate
qolo leadership team
Management profileNumber of profiles
Profiles9 records
qolo funding detail
Funding detailFunding overview
Funding rounds4 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
qolo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about qolo
What does qolo do?
Qolo provides a unified payments infrastructure platform that combines a real-time embedded ledger (Quantum Ledger), card issuing and processing, B2B money movement, and virtual account management into a single API-first system. It enables commercial banks, fintechs, and vertical SaaS platforms to launch, scale, and control modern payment programs without replacing core banking systems.
Is qolo a public or private company?
qolo is a private company. It is classified as venture growth investor backed and is currently operating.
When was qolo founded?
qolo was founded in 2018. It employs 51 to 100 people.
Where is qolo based?
qolo is headquartered in Fort Lauderdale, United States, in the North America region.
How does qolo make money?
Three revenue lines are on record. Platform/SaaS Licensing is the primary driver. The others are transaction Processing and virtual Account Management Services.
Who are qolo's main competitors?
Direct peers on record are Modern Treasury, Marqeta, Treasury Prime, Unit, Synctera, Highnote and Lithic. Broad incumbents are Stripe Treasury and FIS. Orum is listed as an emerging player.
Does qolo have an API?
Yes. Qolo offers a single, powerful API that brings virtual accounts, card issuing, money movement, program controls, and risk tools all under one roof. The API-first platform enables developers to build card programs, manage virtual accounts, and orchestrate payment flows. Features include sandbox testing, clear documentation, and flexibility designed for engineers. The platform supports Virtual Accounts API for creating and managing virtual accounts programmatically, Issuing & Processing API for on-demand card issuance with custom spend controls, Money Movement API for routing payments via ACH, RTP, wires and cards, Programmable Ledger API for real-time balance control and customizable rule logic, and Program & Risk Control API for setting and adjusting risk rules with compliance-ready tools. Developer documentation is at qolo.io/dev-form.
What industry is qolo in?
qolo's product category is Payments Infrastructure. Its primary akta.pro industry code is FSAGABAA, Payment Orchestration Platforms, with a secondary code of FSAGALAB, Embedded Payments (Pay-ins, Pay-outs, Wallets). Its NAICS code is 52232 and its SIC code is 6199.