I've seen KoloHub some months ago, when InfoFi was still alive and kicking. I explored it for a while and to complete the redemption arc... I am back to Kolo for a deep dive!
Kolo is what people call a “PayFi” platform, short for payment finance, and the idea is pretty straightforward. The app is built to bridge crypto with real-world spending so your assets aren’t sitting idle.
Instead of being a single tool, it combines a crypto wallet, a payment card similar to Visa or Mastercard, smooth on-ramp and off-ramp between crypto and fiat.
The lightweight app experience that can even run through mobile or Telegram. The whole point is to make crypto useful, rather than leaving it untouched.
Kolo makes it feel natural to hold it and spend it anywhere, just like regular money. In practice, that means you can pay with assets like BTC, ETH, or USDC at everyday merchants!
Sounds good? It's possible as the system automatically converting crypto into fiat at checkout. It supports things like Apple Pay and Google Pay, lets you send funds directly to bank accounts.
Kolo uses rails like SEPA, and includes perks such as cashback in crypto. Put together, it functions as a kind of all-in-one setup that has a crypto-powered debit card, wallet, and exchange wrapped into a single experience.
The vision is to be infrastructure. That means enabling brands to launch their own cards, powering embedded finance products behind the scenes, and connecting wallets, payments, and compliance into one system.
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