Sola

What is Sola and what do they do?

Sola is a Cyprus-based fintech infrastructure company and payment gateway focused on high-risk and regulated industries in Europe. Headquartered in Limassol and founded in 2024, the company positions itself as a specialist provider — explicitly framed as the alternative to generalist gateways for verticals where mainstream PSPs typically underperform or refuse to onboard merchants.

Sola operates a unified payment platform branded as the Sola Core Engine, which combines card processing, pay-by-bank/open banking, local European payment methods, and digital wallets under a single gateway and dashboard. For open banking, Sola is integrated with Salt Edge's Payment Initiation Solution, giving it connectivity to thousands of European banks through a licensed PSD2 rail. For card acquiring, it advertises direct acquiring connections designed for high approval rates in high-risk industries, though it does not publicly name its acquiring banks or BIN sponsors.

The product is built around three components: a Dashboard for monitoring, reconciliation, and analytics; a Payment Page (hosted checkout that simplifies PCI DSS scope on the merchant side); and a Gate API (RESTful server-to-server integration for full UI/UX control). An AI-based fraud prevention engine, trained on patterns from iGaming and Forex, sits across the stack.

Who is it for?

Sola is built specifically for merchants in regulated, high-risk verticals operating in Europe:

• iGaming and online gambling — operators needing high-acceptance card processing and chargeback mitigation
• Forex and trading platforms — businesses with elevated risk profiles and complex compliance requirements
• Subscription and SaaS platforms — recurring billing flows where stability and approval rates matter
• High-risk e-commerce — merchants whose risk classification excludes them from mainstream acquirers

Geographically, Sola currently emphasises Germany, Spain, Cyprus, and Latvia as primary markets, with broader European expansion as part of its roadmap. The Salt Edge integration extends its open banking reach across most of Europe.

For PSPs and platforms in the Corefy network, Sola is most relevant when a high-risk merchant needs European acquiring or open banking coverage that existing providers can't deliver — particularly in iGaming and Forex.

Why do businesses choose Sola?

Several factors drive Sola selection for high-risk European processing:

• Specialist focus. Sola is built for high-risk verticals from the ground up, not a generalist gateway with a high-risk add-on. Risk policies, fraud models, and acquiring relationships are calibrated for iGaming, Forex, and similar profiles.
• Pay-by-Bank via Salt Edge. Open banking connectivity through a licensed PSD2 partner enables instant, low-cost bank-to-bank payments across Europe, with familiar local methods like Sofort and iDEAL exposed through a single API.
• High-risk-tuned fraud engine. AI-based fraud prevention trained specifically on iGaming and Forex transaction patterns, with a focus on chargeback mitigation rather than generic e-commerce fraud rules.
• Flexible integration paths. Hosted Payment Page for fast time-to-market with reduced PCI scope, or Gate API for full control — merchants pick based on their compliance and UX requirements.
• Vertical expertise on the support side. 24/7 support staffed by people with high-risk vertical backgrounds, rather than generic L1 ticket handling.

For Corefy customers, Sola fits cleanly into an orchestration setup as a specialised connector — used for the specific high-risk flows where it outperforms generalist providers, while the rest of the stack handles standard volume.

Is Sola trustworthy?

Sola is a young company, and its public compliance disclosures are limited. This is worth understanding clearly before onboarding.

The Salt Edge partnership is confirmed by both parties, and Salt Edge is a regulated PSD2 open banking provider — meaning Sola's pay-by-bank flows ride on a licensed, audited rail.

The hosted Payment Page implies card data is handled within a PCI-compliant environment (either Sola's or a partner's).