About Sila
Sila is a Financial Services company based in Portland (United States) founded in 2017. API-based solutions for online payments and P2P transactions are provided. It operates on a API-as-a-Product, Professional Services, and FinTech model. Sila has raised $23.68 million across 3 funding rounds from investors including Revolution, Madrona and Oregon Venture Fund. The company has 49 employees. Its website silamoney.com draws about 24 thousand monthly visits. Sila offers products and services including ACH Payment API, Virtual Accounts, Digital Wallet API, Fraud Prevention, and Identity Verification (KYC/KYB). Its focus areas include Fintech and Payment Solutions. Its legal entity is Sila®. Its competitors include Zeta, Finix and Apiture; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Portland, United States
- Employees 49
- SectorsFinancial Services
- Email••••••••
- Website silamoney.com
- Social LinkedIn X YouTube
- Legal Name Sila®
- Total Equity Funding$23.68M (USD)
in 3 rounds
- Latest Funding Round$13M (USD), Series A
Jul 2021
- InvestorsRevolution
& 10 more
- Employee Count49
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.
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.
- Total Funding $23.68M
- Total Rounds 3
- Last Round Series A — $13M
- First Round $2.94M
(May 2018)
- Investors Count 11
All 3 funding rounds of Sila with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2021 | $13M | Series A | – | Revolution | |
| Mar 2020 | $7.74M | Seed | – | Hope Cochran, Rick Holt | |
| May 2018 | $2.94M | Seed | – | – | – |
11 investors in total: 6 institutional and 5 angel.
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 |
|---|---|---|---|---|
Revolution is recognized as a D.C.-based investment firm. | revolution.com | Washington, Dc, United States | ||
Venture capital investing in AI, biotech, and technology sectors, focusing on seed and early stages in Seattle and beyond. | madrona.com | |||
Funding is provided to innovative startups in Oregon. | oregonventurefund.com | United States | ||
Accelerator and venture capital firm | mucker.com | Santa Monica, United States | ||
Early-stage US investments are focused on by Neu Venture Capital. | neuvc.com | New York, United States | ||
Investment opportunities for founders and investors are facilitated by 99 Tartans. | 99tartans.com | Pittsburgh, United States | ||
TH Taavet Hinrikus | unknown_4a93599b7ddb49aca | |||
TK Taavet Kinrikus | unknown_c95f7912009a4ad0b | |||
JN Jerry Neumann | Angel investor, adjunct professor, focused on early-stage tech startups in India. | unknown_e6b0dfaa9fb9489da | ||
HC Hope Cochran | Managing Director at Madrona Venture Group, active angel investor in tech startups | unknown_b57658b928a942e5b |
Investor details for Sila
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Sila
6 people are tracked at Sila (5 in leadership, 1 in team); the tracked headcount is 49.
| Name | Role | Group |
|---|---|---|
Derek Zumsteg | Head Of Product, Senior Product Director | Leadership |
Mike Fitzpatrick | CEO | Leadership |
Brendan Coen | VP of Sales, Marketing + Partnerships | Leadership |
Max R. | Director Of Banking Operations | Leadership |
Brian Maher | VP Of Operations And Chief Compliance Officer | Leadership |
Rick Holt | Strategic Advisor | Team |
Complete people profiles for Sila
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of Sila
3 dated milestones of Sila across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Sila is founded.
- Funding First funding round of $2.9M.
- Funding Latest funding round, Series A, of $13.0M.
Competitors of Sila
Sila has 3 listed competitors in our database, 3 of them funded. They include Zeta, Finix and Apiture.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zeta.tech | 2015 | San Ramon, United States | $390M | 1,278 | Payment and banking solutions are provided to users and banks. | |
| finix.com | 2015 | San Francisco, United States | $200.5M | 118 | API-enabled platform for business payment processing is provided. | |
| apiture.com | 2017 | Wilmington, United States | $59.71M | 258 | Open banking APIs are delivered to financial institutions and banks. |
Detailed competitors of Sila
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Sila
The website of Sila (silamoney.com) receives about 23.6K visits a month.
- Monthly visits23.6K
▲ 15.3% vs previous month
Websites whose visitors overlap most with Sila. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| alacriti.com | 100% | #2,040,837 | View details | ||
| accesspaysuite.com | 100% | #1,178,876 | View details | ||
| cellpointdigital.com | 99% | 7.7K | #2,776,459 | View details | |
| onebrick.io | 96% | 39.2K | #898,187 | View details | |
| resolvepay.com | 90% | 47K | #686,657 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Sila
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as Sila (Banking & FinTech Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | USD 2.71 M | 1,807 | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.15 B | USD 1.96 B | 2,516 | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | 237 |
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Related news about 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. The company's 1st funding round was a Seed of $2.94M, raised on May 2018.
Sila has 49 employees.
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.
Sila operates through Sila®.