D.A. Davidson Acts as Exclusive Strategic and Financial Advisor to Qolo on Its Sale to CSI

NEW YORK--(BUSINESS WIRE)--D.A. Davidson & Co. (“D.A. Davidson”) announced today that it served as exclusive strategic and financial advisor to Qolo, Inc. (“Qolo”), a leading provider of modern treasury solutions and payments infrastructure, in connection with its sale to Computer Services, Inc. (“CSI”), a portfolio company of Centerbridge Partners, L.P. (“Centerbridge”), TA Associates (“TA”), and Bridgeport Partners (“Bridgeport”).

Qolo’s unified platform provides virtual account management, card issuing and processing, embedded ledger infrastructure, multi-rail payment orchestration, and program management through a single programmable control layer. The company’s platform supports real-time, complex treasury modernization efforts for leading financial institutions, FinTechs, and B2B enterprises.

The combination with CSI, a leading provider of end-to-end financial technology solutions to community and regional financial institutions, expands CSI’s commercial banking capabilities and strengthens its broader banking technology ecosystem. By adding Qolo’s real-time ledger, multi-rail money movement, and virtual and physical card issuing and processing capabilities, CSI is better positioned to help community financial institutions compete for more sophisticated commercial relationships, support modern treasury and payments use cases, and reduce reliance on fragmented vendors and complex integration work.

“We are proud to have advised Qolo on its sale to CSI,” said Aalap Merchant, Managing Director and Co-Head of Technology Investment Banking at D.A. Davidson. “The combination brings together modern payments and treasury infrastructure with CSI’s broader banking technology ecosystem, creating a stronger foundation for community and regional financial institutions as they modernize commercial banking capabilities. It also reflects our continued conviction in the strategic importance of payments infrastructure as financial services becomes increasingly real-time, automated, and data-driven.”

“We founded Qolo to simplify and modernize the payments infrastructure that financial institutions, FinTechs, and enterprises rely on to move and manage money,” said Patricia Montesi, Co-Founder and Chief Executive Officer of Qolo. “The combination with CSI is an exciting and important next step, bringing Qolo’s modern treasury and payments capabilities into a broader banking technology ecosystem at a time when financial institutions need more integrated infrastructure to serve commercial customers. D.A. Davidson brought a deep understanding of our market, our platform, and the strategic value of this opportunity, and their sector expertise and senior-level guidance were instrumental throughout the process.”

“We are excited to join CSI and believe the combination creates a stronger platform for financial institutions and FinTechs seeking more integrated treasury and payments infrastructure,” said Darren Beyer, Co-Founder and Chief Product Officer of Qolo. “D.A. Davidson’s understanding of the payments infrastructure landscape and their partnership throughout the process helped position the company for this next chapter.”

The transaction also reinforces D.A. Davidson’s long-standing focus on the convergence of bank technology, payments, and embedded finance. For more than 20 years, the firm’s Technology Investment Banking team has advised category-defining companies across FinTech, and this transaction follows other recent payments infrastructure transactions advised by the team. Since 2020, D.A. Davidson’s broader Technology Investment Banking team has completed 150+ transactions representing more than $25 billion in deal value.

D.A. Davidson's Investment Banking Division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle-market clients worldwide across four industry verticals: consumer, diversified industrials, financial institutions, and technology. Together with its European strategic partner, MCF Corporate Finance, D.A. Davidson originates and executes transatlantic M&A transactions under the common brand of D.A. Davidson MCF International.

About D.A. Davidson Companies

D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions, and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Greater Los Angeles, New York, Omaha and Seattle, the company has approximately 1,600 employees and offices in 30 states.

Subsidiaries include: D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment advisor providing fixed income portfolio and advisory services.

For more information, visit dadavidson.com.