When was Sola founded?

Sola was founded in 1996 and raised its 1st funding round 21 years after it was founded.

Where is Sola located?

Sola is headquartered in Brooklyn, United States.

How many employees does Sola have?

As of Mar 31, 2026, the latest employee count at Sola is 268.

Is Sola a funded company?

Sola is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** PE round, raised on Aug 17, 2017.

When was the latest funding round of Sola?

Sola's latest funding was a $***** PE round on Jul 19, 2022, with participation from 1 investor.

Where does Sola rank among its competitors?

Sola ranks 4th amongst 46 active competitors, of which 10 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Natural, which secured $9.8M in Oct, 2025.

Who are the top competitors of Sola?

Sola's top competitors include Fiserv, Arcus and Volante Tech. Among them, Natural secured the most recent funding round in October, 2025.

Sola - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of integrated payment processing solutions for businesses. It offers a comprehensive suite of payment acceptance options, including online, in-person, and omnichannel solutions. The company provides billing and invoicing capabilities, along with security and fraud protection features. Services also include transaction optimization tools and data-driven insights to help businesses grow. Support is offered for developers integrating payment solutions into their software, as well as merchant support for various payment needs. The platform aims to streamline payment processes and enhance business efficiency.

Website: solapayments.com
Email ID: *****@solapayments.com
Phone Number: +1 **********

Key Metrics

Founded Year

1996

Location

Brooklyn, United States

Stage

Late Stage

Latest Funding Round

PE, Jul 19, 2022, $*****

Investors

H.I.G. Growth Partners & 3 more

Ranked

4^th among 46 active competitors

Employee Count

268 as on Mar 31, 2026

Similar Companies

Fiserv & 162 more

View Sola's full profile

Sola has raised funding over 2 rounds. Its first funding round was on Aug 17, 2017. Its latest funding round was a PE round on Jul 19, 2022 for $*****. 1 investor participated in its latest round. Sola has 4 institutional investors.

Here is the list of recent funding rounds of Sola:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 19, 2022	8536963	PE	1410146	9619646	5039133	9231523
Aug 17, 2017	8530419	PE	2367819	2603329	H.I.G. Growth Partners	3359008

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View details of Sola's funding rounds and investors

The founders of Sola is Naresh Gupta. Michael Reed is the CEO of Sola.

Here are the details of Sola's key team members:

Naresh Gupta: Co-Founder of Sola.
Michael Reed: CEO of Sola.
Contact Info: 1 email address

View details of Sola's Founder profiles and Board Members

Sola's employee count trend

Sola has 268 employees as of Mar 26. Here is Sola's employee count trend over the years:

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Top competitors of Sola include Fiserv, Arcus and Volante Tech. Here is the list of Top 10 competitors of Sola, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Fiserv 1984, Milwaukee (United States), Public	Provider of technology and services to the financial services industry	-	ValueAct Capital, Menlo Ventures & 4 others	77/100
2nd	Arcus 2013, New York City (United States), Acquired	Payment-as-a-service-solutions for merchants	$9.73M	Citi Ventures, IGNIA & 39 others	69/100
3rd	Volante Tech 2001, Jersey City (United States), Series C	Payment facilitation solutions for financial institutions	$116M	Sixth Street, BNY Mellon & 11 others	69/100
4th	Sola 1996, Brooklyn (United States), Late Stage	Provider of integrated payment processing solutions for businesses	-	PSG, Maranon Capital & 2 others	56/100
5th	Infinicept 2014, Denver (United States), Series A	Payment facilitator solutions for merchants	$23.2M	Mastercard, MissionOG & 3 others	54/100
6th	Payrix 2015, Hollywood (United States), Acquired	Payment facilitation platform for businesses	$72M	PSG, Blue Star Innovation Partners	53/100
7th	Datacap Systems 1983, Chalfont (United States), Unfunded	POS and mPOS software solutions for businesses	-	-	47/100
8th	Fortis 2010, Novi (United States), Late Stage	Payment facilitation solutions for businesses	-	Lovell Minnick Partners, Audax Private Equity	44/100
9th	BHMI 1986, Omaha (United States), Unfunded	Financial products and services for processing payments	-	-	45/100
10th	Natural 2025, San Francisco (United States), Seed	Developer of payment processing solutions for interactions between agents and businesses	$9.8M	Abstract Ventures, Human Capital & 11 others	43/100