Qolo Launches All-in-One B2B Payments and Neobanking Platform

On June 25, 2020, Qolo officially launched its all-in-one B2B payments platform, designed to provide card processing, cross-border foreign exchange, and neobanking capabilities through a unified infrastructure. The platform includes prepaid and debit card issuance as well as flexible account structures tailored for gig economy payouts and marketplace disbursements. Qolo's offering allows businesses to embed banking-like features — including card programs and account management — into their own products without the need for direct banking licenses or building infrastructure from scratch.

The platform targets fintechs, marketplaces, and enterprises seeking to offer financial services to their end users. By combining payments, cards, and account structures in a single hub, Qolo competes directly in the BaaS and embedded finance space alongside providers like Marqeta and Rapyd. The launch represents a new entrant in the growing market for programmable payment and banking infrastructure.