Omnichannel payments firm, Qolo has continued growth with the successfully closed a $15M Series A round of funding, led by The Raptor Group.
The Series A funding allows the company to continue its expansion with additional talent growth, new product launches, and increased international focus.
Patricia Montesi, Qolo CEO, commented: “We experienced strong investor interest fueled by our unique value proposition and rapid pace of customer acquisition.
“The current fintech climate is driving massive growth, and Qolo’s 100% cloud-native, omnichannel offering is perfectly positioned to meet the demand. And we have yet to see a payment model we can’t power.”
In the past year, Qolo has also significantly grown its staff, including C-Suite hires Chief Financial Officer, J. Peter Bardwick, Chief Client Officer, Betty Mitchell, and Dhruv Singh, EVP of Strategic Business Development.
Jim Pallotta, managing partner and founder of The Raptor Group, added on the funding: “We’ve always been focused on investing in companies to help them realise their vision faster, and we are thrilled to support the incredible growth and fantastic leadership team at Qolo.
“The Qolo team has built a unique platform which future-proofs fintechs. Raptor is heavily focused on the sector and has seen how Qolo can assist our other portfolio companies. We recognise how unique Qolo is and are excited to be partnering with them.”