Qolo, the omnichannel payments platform for Fintech, recently revealed that they’ve appointed two new senior management professionals: Peter Bardwick as Chief Financial Officer, and Betty Mitchell as Chief Client Officer.
Patricia Montesi, Qolo CEO, stated:
“Qolo anticipates 300% growth in our second year as we continue to secure more clients and form strategic partnerships, and we couldn’t be more thrilled to add Peter and Betty to our executive team.”
Montesi also noted that there are Fintech experts and there are payments experts, but they know they’re not the same, and they’ve put together a unique team providing the experience of both. She added that companies that “realize the value of this combination are fueling demand for our services.”
Montesi also mentioned that they’re “exceptionally well positioned to meet this demand and to further innovate the fintech behind payments.”
As CFO, Peter Bardwick will be “instrumental in leading Qolo to raise venture funding,” the announcement noted while adding that Bardwick started his investment banking career, working at Solomon Brothers and Citicorp Investment Bank (in New York).
The release further noted that Peter has worked with tech firms for over 20 years and, as CFO, has led two successful tech IPOs, CBS MarketWatch and Rocket Fuel. He has “raised $10.8 billion for companies where he was an executive or which were investment-banking clients,” the announcement revealed.
Betty Mitchell will reportedly be joining as Qolo’s first Chief Client Officer, and “brings two decades worth of financial services experience to the team, most recently serving as Vice President of Client Engagement at Arroweye Solutions,” according to a release.
Before that, Betty was VP of Partnership Solutions at The Results Companies and “held senior roles at Wave Crest Payment Services of the Americas and Fidelity National Information Services,” the release noted.
Established in 2018, Qolo is the omnichannel payments platform for Fintech, with “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 payment are important including gig worker payouts, distribution payments, multi-currency and cross-border businesses and modern Fintech firms.”
In an interview with Crowdfund Insider, Montesi had explained (in November of last year):
“Despite the tremendous number of players and growth over the past few decades, there is still a difference in what and how existing players offer services and what modern business needs in payments. We call this the Fintech gap. Qolo was created to bring enhanced access, connectivity, and flexibility to the payments industry, particularly within international payments and for New Economy companies.”
“We leverage our domain expertise to help businesses process payments. We deliver a variety of payment types through a single API gateway and help remove the friction and complexities associated with modern payment mechanisms. We offer this for everything from traditional ACH/check to card processing to real-time and cross-border payments. Qolo supports a number of different verticals ranging from the simple, such as gift and incentive cards, to more complex such as neobanking, wage access, gig worker payouts and Banking-as-a-Service.”