About Silot
Silot is a company based in Singapore (Singapore) founded in 2017 by Villence Kang-Ran Yu.. Silot has raised $13.67 million across 5 funding rounds from investors including FIS, Eight Roads Ventures and Arbor Ventures. Silot offers products and services including Silot Payment Engine, Silot Merchant Suite, and Silot Guardian. Silot operates in a competitive market with competitors including Fiserv, Comviva, Jack Henry, Blend and Infibeam Avenues, among others.
- Headquarter Singapore, Singapore
- Founders Villence Kang-Ran Yu
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Silot Pte. Ltd
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Annual Revenue
$466.93 K192as on Dec 31, 2021
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Net Profit
$-997.78 K41as on Dec 31, 2021
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EBITDA
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Total Equity Funding
$13.67 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
FIS
& 6 more
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Employee Count
Employee Count
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Products & Services of Silot
Silot offers a comprehensive portfolio of products and services, including Silot Payment Engine, Silot Merchant Suite, and Silot Guardian. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Unified engine for issuing and acquiring payments efficiently
Platform for on-boarding and managing merchants securely
Tools for anti-fraud and anti-money laundering protection
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Funding Insights of Silot
Silot has successfully raised a total of $13.67M across 5 strategic funding rounds. 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 Total Funding
- Total Rounds 5
- Last Round Last Round
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First Round
First Round
(01 Jun 2017)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Series A - Silot | Valuation |
investors |
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| Mar, 2019 | Amount | Series A - Silot | Valuation | SBI Investment | |
| Feb, 2019 | Amount | Series A - Silot | Valuation | Krungsri Finnovate |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Silot
Silot has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include FIS, Eight Roads Ventures and Arbor Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments in financial services are made by Arbor Ventures.
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Founded Year | Domain | Location | |
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Strategic investments in startups are facilitated by Krungsri Finnovate.
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Founded Year | Domain | Location | |
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Private equity investments across Asia are handled by Sumitomo.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Silot
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Silot
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Silot Comparisons
Competitors of Silot
Silot 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 Fiserv, Comviva, Jack Henry, Blend and Infibeam Avenues, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Diversified financial solutions for business processing and management are provided.
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| domain | founded_year | HQ Location |
Software platforms for telecommunications, digital payments, and experiences are provided.
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| domain | founded_year | HQ Location |
Banking and payments solutions are provided through a dedicated platform.
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| domain | founded_year | HQ Location |
Digital solutions for mortgage and consumer lending are provided.
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| domain | founded_year | HQ Location |
Digital payment solutions and enterprise software platforms are provided.
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| domain | founded_year | HQ Location |
API-enabled open banking platform is provided for financial institutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Silot
Frequently Asked Questions about Silot
When was Silot founded?
Silot was founded in 2017.
Where is Silot located?
Silot is headquartered in Singapore, Singapore.
Is Silot a funded company?
Silot is a funded company, having raised a total of $13.67M across 5 funding rounds to date. The company's 1st funding round was a Series A of $2M, raised on Jun 01, 2017.
What is the annual revenue of Silot?
Annual revenue of Silot is $466.93K as on Dec 31, 2021.
What does Silot do?
Silot was founded in 2017 in Singapore. AI-enabled banking software suites and merchant banking solutions are developed and offered by the company within the fintech sector. Operations focus on services such as merchant onboarding, KYC verification, cross-channel banking, account opening, and QR-based payments. Additional features include AI-directed targeted marketing campaigns and AI-enabled loan underwriting tools, supporting banking processes in the region.
What products or services does Silot offer?
Silot offers Silot Payment Engine, Silot Merchant Suite, and Silot Guardian.
Who are Silot's investors?
Silot has 7 investors. Key investors include FIS, Eight Roads Ventures, Arbor Ventures, Krungsri Finnovate, and Sumitomo Corporation Equity Asia.
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