back Back

Qolo partners with MX to help FinTechs and Neobanks scale faster

By Edlyn Cardoza

April 04, 2022

  • APIs
  • Core Mobile Banking
  • FinTech

Qolo, Omnichannel Payments, FinTech, MX, Open Finance, Neobanks, APIs, Core Mobile Banking, USAQolo, the omnichannel payments platform for FinTech, recently announced a strategic partnership agreement with MX, a leader in open finance. Qolo and MX provide fast-track solutions to help businesses, particularly neobanks and FinTechs, stand up a core mobile banking experience. This allows them to get to market quickly while also future-proofing their growth.

Combining the aggregation services and first-class user experience offered through the MX platform, Qolo will serve as the payment processor providing the necessary APIs to allow users to open and view accounts, make deposits, move their money, and more. The strategic partnership has already yielded more than 30 joint opportunities.

“Fintechs and neobanks are growing rapidly and they are hungry for the functionality and sophistication that our combined teams can offer,” said Patricia Montesi, Qolo CEO. “By pairing Qolo’s single API payment ecosystem together with MX’s core mobile banking functionality and unmatched user experience, we’re demanding more for the next generation of disruptors.”

“We believe MX’s commitment to partnering with best-in-class organizations that complement our offerings is key to sustained company growth,” said Don Parker, executive vice president of partnerships, MX. “Cost efficiency, scalability, trustworthiness — those are the key drivers of innovation that will transform the next iteration of the global financial ecosystem as we lead this revolution with respected partners like Qolo.”

Founded in 2018, Qolo has a mission to help businesses navigate today’s complex payments and financial transactions landscape. Qolo empowers businesses to manage payments efficiently with an eye toward growth and reduced expense. Qolo supports companies wherever speed, security and cost of payments are essential, including gig worker payouts, distribution payments, multi-currency and cross-border businesses and modern fintech firms. Composed of experts and entrepreneurs in payments, Qolo’s founding team has more than a century of combined industry experience.

Previous Article

April 04, 2022

KeyBanc Capital Markets adopts Bloomberg B-PIPE to power fixed income electronic trading

Read More
Next Article

April 04, 2022

GiveStar launches Tap on Phone to turn a smartphone into a contactless donations point

Read More

IBSi Daily News Analysis


July 19, 2024


SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 23, 2024

4 BNPL platforms providing financial freedom to consumers in MENA

Read More

July 23, 2024

Paytm & Axis Bank to offer POS solutions to merchants

Read More

July 23, 2024

Klarna integrates Sofort payment service with Klarna Payments

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024