About Sila
Sila is a company based in Portland (United States) founded in 2017. It operates as a API-as-a-Product, Professional Services, and FinTech. Sila has raised $23.68 million across 3 funding rounds from investors including Revolution, Madrona and Oregon Venture Fund. The company has 49 employees as of December 31, 2022. Sila offers products and services including ACH Payment API, Virtual Accounts, Digital Wallet API, Fraud Prevention, and Identity Verification (KYC/KYB). Sila operates in a competitive market with competitors including Zeta, Tink, Bud, Finix and Apiture, among others.
- Headquarter Portland, United States
- Employees 49 as on 31 Dec, 2022
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Sectors
Financial Services
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Email
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Phone
Locked
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Website
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Social
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- Legal Name Sila®
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$23.68 M (USD)
in 3 rounds
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Latest Funding Round
$13 M (USD), Series A
Jul 26, 2021
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Investors
Revolution
& 10 more
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Employee Count
49
as on Dec 31, 2022
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Products & Services of Sila
Sila offers a comprehensive portfolio of products and services, including ACH Payment API, Virtual Accounts, Digital Wallet API, Fraud Prevention, and Identity Verification (KYC/KYB).
API for fast and secure ACH transfers is provided.
Designated accounts for ACH deposits are made available.
Custom payment flows for wallets are enabled securely.
Simplified fraud protection in APIs is integrated effectively.
Automated user verification to reduce fraud is offered.
People of Sila
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Funding Insights of Sila
Sila has successfully raised a total of $23.68M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $13 million completed in July 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Sila
Sila has secured backing from 11 investors, including venture fund and angel investors. Prominent investors backing the company include Revolution, Madrona and Oregon Venture Fund.
| Investor | Description | Founded Year | Domain | Location |
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Revolution is recognized as a D.C.-based investment firm.
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Venture capital investing in AI, biotech, and technology sectors, focusing on seed and early stages in Seattle and beyond.
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Funding is provided to innovative startups in Oregon.
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Investor details for Sila
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Sila
Investment portfolio details for Sila
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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Financial Statements - Sila
Detailed financials for Sila
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- Profit trends
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Sila Comparisons
Peer comparison for Sila
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- Named peers
- Headcount comparison
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Competitors of Sila
Sila operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zeta, Tink, Bud, Finix and Apiture, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Payment and banking solutions are provided to users and banks.
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Tink is recognized as a leading European open banking platform.
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Bud Financial is focused on transforming transaction data into actionable insights for financial institutions.
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API-enabled platform for business payment processing is provided.
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Open banking APIs are delivered to financial institutions and banks.
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Detailed competitors of Sila
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Latest news on Sila
Complete news archive for Sila
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Frequently Asked Questions about Sila
Sila was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Sila is headquartered in Portland, United States. It is registered at Portland, Oregon, United States.
Sila is a funded company, having raised a total of $23.68M across 3 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Sila is 49.
Sila is established as a comprehensive payments platform for fintech applications. Solutions are provided for building and launching apps with embedded payment products. The platform is designed to streamline ACH processing, bank account linking, and instant settlement through a single API. Sectors such as payroll, PropTech, and iGaming are served with secure and scalable money transfer solutions. Compliance with U.S. regulatory standards is prioritized, and a developer-friendly environment with free sandbox testing is offered. Integration with pre-approved partners for additional functionality is facilitated.
Sila offers ACH Payment API, Virtual Accounts, Digital Wallet API, Fraud Prevention, and Identity Verification (KYC/KYB).
Sila has 11 investors. Key investors include Revolution, Madrona, Oregon Venture Fund, Mucker, and Taavet Hinrikus.