Sunlight Analysis: $125K Raised
What is Sunlight?
Sunlight builds infrastructure for B2B card payments and card-on-file updates. Its agentic portal payments product uses AI agents to execute card payments across supplier portals at scale. The company says it serves fintechs, banks, card issuers, and payables platforms.
Location
234 W. 39th Street, 7th Floor, New York City, New York 10018, United States
Employees
1-10
Founded
2021
Revenue
<$5 Million
Investors
- Y Combinator
- Liquid 2 Ventures
Product Features & Capabilities
- Card-on-File API, recurring transaction migration, preferred payment method setup, customer lifetime value enhancement, interchange revenue increase, secure and privacy-first data protection.
Pricing
- Seedling: Free for up to 20 users, all standard features.
- Standard: $4/User/Month for up to 500 users, all standard features, free 30-day trial.
- Enterprise: Contact for pricing, unlimited users, custom integrations, free 30-day trial.
How much Sunlight raised
Pre-Seed - $125,000
September 12, 2022Lead Investor: Y Combinator, Liquid 2 Ventures, Lombardstreet Ventures
Who are the founders of Sunlight
HQ Full Address
234 W. 39th Street, 7th Floor, New York City, New York 10018, United States
Market Focus
Sunlight primarily focuses on the financial technology (fintech) industry, specifically providing solutions for payment processing and recurring transactions through their Card-on-File API.
Competitors Overview
Sunlight operates in the Card-on-File API market, which is a segment of the fintech industry focused on managing recurring transactions and enhancing card usage. The main competitors of Sunlight include:
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Knot: A fintech platform specializing in card-on-file management solutions. Knot recently raised $10 million to expand its API-based offerings, which allows merchants to manage card information efficiently. Knot's advantage lies in its focus on merchant support and its recent funding, which may enhance its service capabilities.
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Marqeta: Known for its card issuing and payment processing solutions, Marqeta provides a robust platform for businesses to manage card transactions. Its advantages include a well-established reputation in the industry and a comprehensive suite of tools for payment processing.
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SynapseFI: This company offers API-based banking services, including payment processing and card issuing. SynapseFI's strength is its extensive integration capabilities with various financial services, making it a versatile option for businesses looking to implement card-on-file solutions.
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Stripe: While primarily known for payment processing, Stripe also offers card issuing APIs that can facilitate card-on-file management. Its advantages include a user-friendly interface and a strong developer community, which can help businesses implement solutions quickly.
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Paymentology: This company provides payment processing solutions with a focus on card issuing and management. Paymentology's advantage is its global reach and ability to handle complex payment scenarios, making it suitable for businesses with international operations.
These competitors differ in their specific offerings, market focus, and technological capabilities, which can provide various advantages depending on the needs of businesses looking for card-on-file solutions.
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