Sila is a banking and payment platform for software teams building the next generation of financial products & services in regulated and unregulated industries.

Sila's mission is to accelerate the next generation of financial innovation.

Sila was co-founded in 2018 by Shamir Karkal, Angela Angelovska, Isaac Hines, and Alex Lipton. The company is headquartered in Portland, Oregon.

 

Sila's banking APIs enable developers to create their own digital wallets, replacing the need to integrate with legacy financial institutions.

 

Sila also has partnerships with fintech platforms, including Plaid, Alloy, Lithic and Arcus to move money, and is backed by Evolve Bank and Trust.

 

Sila is backed by Revolution Ventures, Madrona Venture Group, Oregon Venture Fund, Mucker Capital, Wise co-founder Taavet Hinrikus, and others. The company raised $13M in Series A round on Jul 26, 2021. This brings Sila's total funding to $20.7M to date.

 

 

  • Year founded: 2018
  • Funding Info: $20.7M over 2 Rounds (Latest Funding Type: Series A)
  • Yearly Revenue: NA
  • Employee Size: 11-50
  • Business Valuation: NA
  • City/Town: Portland
  • State: Oregon
  • Country: United States
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