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.
The Sila API enables white-label ACH payment processing, money transfer, digital wallets, bank account linking, and identity verification of business and individuals. The company powers any web, desktop, or mobile application with built-in compliance.
Sila launched its Infrastructure-as-a-Service (IaaS) platform in April 2019 to help companies leverage financial networks to build businesses, all while abiding by the rules and regulations that have sustained the global banking network.
Sila has raised $7.7M in a Seed round on April 08, 2020. The investment was co-led by VC firms Madrona Venture Group and Oregon Venture Fund, with support from Mucker Capital, 99 Tartans, Taavet Kinrikus, CEO & Co-founder of Transferwise, and investor & entrepreneur Jerry Neumann.