Software and technology provider CSI bought Qolo, a fintech that offers treasury solutions and payments infrastructure.
The price wasn’t disclosed.
“Community financial institutions are built on trusted relationships, local expertise, and deep knowledge of their markets,” Nancy Langer, CSI’s president and CEO, said in a press release.
“Businesses in their communities also need sophisticated banking capabilities that simplify and fit more naturally into their day-to-day financial operations,” she added. “With Qolo, CSI is helping community banks bring those capabilities to market in ways that help them grow commercial relationships and become more central to how businesses operate.”
Qolo’s technology will function as the orchestration layer across payments, accounts, and workflows, integrating with CSI’s core banking platform, digital banking solution, and broader API capabilities. Qolo also serves fintech and B2B payments providers.
D.A. Davidson and Cooley advised Qolo.