Fidelity Payment Services: Canada
Fidelity Payment Services (DBA Sola) is a Canadian registered Independent Sales Organization that provides online, in-person, and omnichannel payment processing — including PayFac-as-a-Service — to merchants and software platforms across North America.
- Company typePrivate
- Founded-
- Headquarters—
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Fidelity Payment Services: Canada does
Fidelity Payment Services, operating under the brand Sola, is a Canadian-domiciled payment solutions provider founded in 2009 and operating as a registered Independent Sales Organization (ISO) of the Canadian Branch of U.S. Bank N.A., Elavon, Wells Fargo Bank N.A. (Canadian Branch), and First Data Canada. The company sells a complete payment solution across online, in-person, and omnichannel channels, including Tap to Pay on Android, recurring billing, fraud protection, transaction optimization, and a mobile app for merchants. Its merchant-facing stack is delivered through multiple branded portals (FideliPay, Authorize.NET, ChargeAnywhere, ACH/Check 21 via ProfitStars), enabling self-service account management.
Sola also operates a platform-facing business through Sola for Platforms, offering PayFac-as-a-Service and APIs (documented at docs.solapayments.com) that allow software vendors to embed payments and earn revenue share — the public Aluvii case study claims 30-40% of that customer's revenue is generated through integrated payments with Sola. Go-to-market combines enterprise consultative sales ('Connect with a Payments Expert'), self-service SMB portal signup, and an ISO/agent channel.
The business model is transaction-based: revenue is earned on a per-transaction take rate from processed credit card and ACH volumes. Pricing is quote-based and not publicly disclosed. The company is private, with no disclosed funding rounds, parent company, or management team in the source data; current headcount is reported as 5. Named enterprise customers include Fabuwood, Davids Cookies, Cabinets to Go, City Sites, Kith, Porcelanosa, Aluvii, and CD. The company positions itself globally as 'North America' in geographic scope but is anchored in Canada.
Fidelity Payment Services: Canada firmographics
Firmographics- Name
- Fidelity Payment Services: Canada
- Legal name
- Sola
- Website
- https://fidelitypayment.ca
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Fidelity Payment Services (DBA Sola) is a Canadian registered Independent Sales Organization that provides online, in-person, and omnichannel payment processing — including PayFac-as-a-Service — to merchants and software platforms across North America.
- Ownership category
- akta.pro rank
Fidelity Payment Services: Canada industry classification
Industry- Product category
- Payment Processing Services
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)
- akta.pro secondary industries
- Payment Gateways & Orchestration (BPAMAFAA), Embedded Card Issuing & Card-as-a-Service (FSAGALAC)
Keywords
Fidelity Payment Services: Canada business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Payment Processing Services: Transaction-based revenue from processing credit card and ACH payments for merchants. Revenue generated through transaction fees and percentage-based take rates on processed payments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Custom enterprise and SMB pricing based on processing volume |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Fidelity Payment Services: Canada product offering
Product offeringCore offering
Fidelity Payment Services, operating as Sola, is a Canadian Independent Sales Organization (ISO) and registered payment service provider that offers multi-channel payment processing solutions for merchants and software platforms. The company provides online payment gateways, in-person point-of-sale terminals, mobile payment apps, billing and invoicing tools, and a PayFac-as-a-Service (Sola for Platforms) offering that enables software companies to embed payment processing into their applications. Sola operates with banking partner sponsorship from major Canadian banks (TD, BMO, RBC, Scotiabank, CIBC, National Bank, and Desjardins) and supports processing for major card brands including Visa, Mastercard, American Express, Discover, Interac, and Apple Pay.
Product overview
Sola Payments is a complete payment solution platform designed for businesses in North America. The offering follows a platform-plus-modules architecture, consisting of two main divisions: Sola for Platforms (including Integrated Platforms and Payfac-as-a-Service) serving software providers who want to monetize payments, and Sola for Merchants (including Online Payments, In-Person Payments, Billing and Invoicing, and Omnichannel Solutions) for businesses accepting payments across channels. Additional supporting modules include Security and Fraud Protection, Transaction Optimization, Data and Insights, and Mobile App. The platform also provides dedicated support services including Customer Service, Gateway Support, Technical Support, and Developer Support.
Differentiator
Problem solved
Functional benefit
Products and services
- Online Payments Online payment processing solution for e-commerce merchants and businesses that need to accept card-not-present transactions via web checkout, tokenized payment forms, and gateway integrations. Targets online retailers and businesses with digital transaction needs.
- In-Person Payments Card-present payment processing solution for retail stores, restaurants, and brick-and-mortar businesses. Includes point-of-sale terminals and hardware devices to accept card payments in person. Targets physical retail and hospitality merchants.
- Omnichannel Solutions Unified omnichannel payment platform that allows merchants to accept and manage payments consistently across online, in-person, and mobile channels. Designed for businesses with both physical and digital storefronts seeking integrated payment experiences.
- Billing and Invoicing Billing and invoicing solution for businesses to manage recurring payments, send invoices, and automate billing workflows. Targets businesses with subscription, recurring, or invoice-based billing needs.
- Sola for Platforms (PayFac-as-a-Service) PayFac-as-a-Service platform that enables software companies, vertical SaaS providers, and Independent Sales Organizations to embed payment processing into their applications with white-label, branded payment experiences. Built on Stripe Connect infrastructure with API-first integration. Targets software platforms and ISOs looking to monetize payments.
- Security and Fraud Protection Payment security and fraud protection solution featuring tokenization, end-to-end encryption, and PCI-DSS compliant security infrastructure. Designed to protect merchants and their customers from fraudulent transactions and data breaches.
- Transaction Optimization Transaction optimization solution designed to improve payment processing efficiency, reduce declined transactions, and lower processing costs for merchants. Targets businesses seeking to optimize interchange fees and acceptance rates.
- Data and Insights Data analytics and insights platform providing merchants with transaction reporting, analytics dashboards, and business intelligence on payment data. Enables merchants to make data-driven decisions about their payment operations.
- Sola Mobile App Mobile application available on iOS and Android that allows merchants to accept payments on the go from their mobile devices. Targets businesses and service providers needing portable payment acceptance.
- Payment Devices and Hardware Physical payment hardware devices including point-of-sale terminals for in-person card acceptance. Targets merchants needing POS hardware to pair with the Sola payment processing platform.
Quantifiable outcome
- Aluvii, a leading cloud-based amusement software, generates 30%-40% of revenues from integrated payments with Sola
Companies that use Fidelity Payment Services: Canada
Customer profileNamed customers8 records
Segments2 records
Ideal customer profiles2 records
Fidelity Payment Services: Canada technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature5 records
Fidelity Payment Services: Canada partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and supporting.
- U.S. Bank, N.A. (Canadian Branch)coreSola is a registered Independent Sales Organization of the Canadian Branch of U.S. Bank, N.A. This partnership provides access to U.S. Bank's payment processing infrastructure, card networks, and banking relationships for Canadian merchants.
- ElavoncoreRegistered ISO relationship with Elavon, a major payment processor. Enables Sola to leverage Elavon's processing capabilities, gateway services, and merchant services infrastructure.
- Wells Fargo Bank, N.A. (Canadian Branch)coreSola is a registered Independent Sales Organization of Wells Fargo Bank, N.A. Canadian Branch. Partnership provides access to Wells Fargo's banking infrastructure and payment processing capabilities for Canadian market operations.
- First Data CanadacoreRegistered ISO relationship with First Data Canada. Access to First Data's payment technology platform, processing networks, and merchant solutions for comprehensive payment services delivery.
- Authorize.NETsupportingMerchant portal integration with Authorize.NET gateway. Provides merchants access to Authorize.NET's payment gateway services including credit card processing and e-check capabilities.
- ChargeAnywheresupportingBranded merchant portal login for ChargeAnywhere payment services. Enables mobile and wireless payment processing capabilities for merchants through ChargeAnywhere's mobile payment solutions.
- ProfitStars (ACH/Check 21)supportingACH and Check 21 processing through ProfitStars SmartPay. Provides electronic check processing capabilities and ACH payment services for merchants requiring alternative payment methods.
- CloudflaresupportingCloudflare provides web performance and security solutions including bot management, load balancing, and WAF protection for the Sola website infrastructure.
Scale indicators2 records
Recent moves5 records
Expansion highlights5 records
Fidelity Payment Services: Canada competitors and assessment
Company assessmentDirect peers
- Stax by Fattmerchant: Subscription-based payment processing platform with developer APIs and an ISO partner program. Comparable to Sola's combination of merchant processing, developer-first integration, and ISO/agent distribution.
- Helcim: Canadian-headquartered payment processor and merchant account provider serving SMB and mid-market merchants with online, in-person, and recurring billing capabilities. Directly comparable to Sola's Canadian merchant acquiring and omnichannel offering.
- Moneris: Canada's largest payment processor offering merchant services, POS, and online payment solutions across retail, restaurant, and e-commerce. Directly comparable as a full-stack Canadian payment processor competing for the same merchant segments as Sola.
- Cardknox: Payment gateway and ISO operating a developer-friendly omnichannel platform. Notably, Sola's merchant portal login URL is hosted on cardknox.com, indicating direct technology and channel overlap with Sola.
- Paya (Nuvei): Integrated payment processor serving B2B, government, and vertical SaaS merchants with omnichannel acceptance. Comparable to Sola's SMB-to-enterprise merchant and platform processing motion.
Broad incumbents
- Adyen: Global payments platform providing unified online, in-person, and platform payment processing for enterprises. Comparable to Sola's omnichannel and platform/payment facilitation capabilities at enterprise scale.
- PayPal: Established global payment processor and digital wallet serving consumers, merchants, and platforms. Comparable to Sola in online payment acceptance, gateway, and embedded platform processing.
- Stripe: Global payment processing and PayFac-style platform serving platforms and merchants with developer-first APIs, gateway, and embedded payments. Comparable to Sola's combined merchant and platform/payments-as-a-service motion, but at vastly larger scale.
- Block (Square): SMB-focused omnichannel payment processor with hardware, software, and banking services. Comparable to Sola's merchant-facing omnichannel offering across online, in-person, and recurring billing.
- Authorize.Net (Visa): Established payment gateway owned by Visa used by Sola's own merchant portal. Comparable as a payment gateway and merchant processing platform serving SMB and mid-market merchants.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Fidelity Payment Services: Canada social profiles
Digital presenceFidelity Payment Services: Canada compliance and trust
Trust signalCompliance1 record
Fidelity Payment Services: Canada financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fidelity Payment Services: Canada leadership team
Management profileNumber of profiles
Fidelity Payment Services: Canada funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fidelity Payment Services: Canada M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fidelity Payment Services: Canada
What does Fidelity Payment Services: Canada do?
Fidelity Payment Services, operating as Sola, is a Canadian Independent Sales Organization (ISO) and registered payment service provider that offers multi-channel payment processing solutions for merchants and software platforms. The company provides online payment gateways, in-person point-of-sale terminals, mobile payment apps, billing and invoicing tools, and a PayFac-as-a-Service (Sola for Platforms) offering that enables software companies to embed payment processing into their applications. Sola operates with banking partner sponsorship from major Canadian banks (TD, BMO, RBC, Scotiabank, CIBC, National Bank, and Desjardins) and supports processing for major card brands including Visa, Mastercard, American Express, Discover, Interac, and Apple Pay.
Is Fidelity Payment Services: Canada a public or private company?
Fidelity Payment Services: Canada is a private company. It is classified as unknown and is currently operating.
When was Fidelity Payment Services: Canada founded?
Fidelity Payment Services: Canada was founded in -1. It employs 1 to 10 people.
How does Fidelity Payment Services: Canada make money?
One revenue line is on record: payment Processing Services.
Who are Fidelity Payment Services: Canada's main competitors?
Direct peers on record are Stax by Fattmerchant, Helcim, Moneris, Cardknox and Paya (Nuvei). Broad incumbents are Adyen, PayPal, Stripe, Block (Square) and Authorize.Net (Visa).
Does Fidelity Payment Services: Canada have an API?
Yes. Sola Payments offers developer documentation for API integration. Documentation is available at docs.solapayments.com with developer support for integrating tools, plugins, and APIs into solutions, from presales to post-implementation. Developer documentation is at docs.solapayments.com.
What industry is Fidelity Payment Services: Canada in?
Fidelity Payment Services: Canada's product category is Payment Processing Services. Its primary akta.pro industry code is FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure, with a secondary code of BPAMAFAA, Payment Gateways & Orchestration. Its NAICS code is 52232 and its SIC code is 6159.