CSI acquires Qolo

CSI has acquired Qolo, a move that signals a major shift in how financial technology infrastructure is delivered to businesses. For retailers and service providers, this acquisition is important because it streamlines the 'plumbing' behind consumer financing and payment processing. Qolo is known for its modern treasury and payment issuance tools, which allow companies to launch financial products like branded cards or instant disbursements more quickly. By folding this into CSI’s larger suite of financial software, the combined company aims to provide a one-stop-shop for embedded finance. What this means for your business is a likely acceleration in the availability of sophisticated financing tools. If you use third-party platforms for your Point-of-Sale financing or store-branded cards, the technology powering those back-ends is becoming more integrated. This usually leads to faster transaction processing, better data security, and more reliable fund settlements. The deal highlights a trend where old-school financial providers are buying up nimble fintech startups to offer smoother, faster digital payment experiences for end consumers at the checkout counter.

Source: Finextra — Lending

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