Sila Reviews & Ratings

Sila

5.0 out of 5 stars

Ratings and Reviews 2 Ratings

Total 5 out of 5 stars
ease 5 out of 5 stars
features 4.5 out of 5 stars
design 5 out of 5 stars
support 5 out of 5 stars

Ratings and Reviews 0 Ratings

Total 0 out of 5 stars
ease 0 out of 5 stars
features 0 out of 5 stars
design 0 out of 5 stars
support 0 out of 5 stars

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What is Sila?

Sila operates a comprehensive payment platform that delivers Banking-as-a-Service via a developer-centric payment API, ensuring scalability and enabling quick, secure money transfers. This platform simplifies the process of creating and launching fintech applications and integrated payment solutions across various sectors, including finance, cryptocurrency, and Web3. Among Sila's features are Virtual Accounts, Digital Wallets, KYC/KYB services, and ACH payment APIs tailored for software development teams. Furthermore, additional capabilities can be accessed through a range of pre-approved, integrated partners, each providing varying levels of support. Sila’s excellence in the industry was highlighted when it received the Best Payments as a Service Platform award at the 2022 Embedded Banking Awards by Tearsheet. The company operates out of Portland, Oregon, and continues to innovate in the financial technology space.

What is BankStore?

BankStore operates as a digital marketplace tailored for businesses seeking bank accounts and payment solutions. With a vast directory that includes 1,386 providers from 103 countries—spanning banks, electronic money institutions (EMIs), payment processors, and acquirers—the platform empowers users to compare an array of products, fees, and coverage alternatives. Users can refine their search results by jurisdiction, industry type, company structure, and currency needs. Furthermore, the platform includes a reusable Know Your Business (KYB) profile to assist in managing company information and required documentation, while guided workflows help users keep track of provider requirements and application statuses. It also supports cross-border transactions, foreign exchange services, and merchant acquiring options. The user demographic includes startups, small to medium-sized enterprises (SMEs), e-commerce entities, fintech innovators, investors, and organizations operating in the Web3 space. As a tech intermediary rather than a conventional bank, BankStore collaborates with various institutions that offer services, allowing them to independently set the onboarding procedures for applicants. It's essential to note that the platform does not handle customer funds directly. While accessing the directory, finding matching providers, and creating profiles is free, fees for third-party services may vary depending on the provider chosen. This model not only simplifies the options available for business banking but also improves accessibility for a wide variety of enterprises, paving the way for more inclusive financial solutions. In doing so, BankStore fosters an environment where diverse businesses can thrive and easily navigate their banking needs.

Media

Media

No images available

Integrations Supported

Alloy
Alloy
Alpaca
Argyle
Codat
Ethereum
Flutterwave
Jumio
Lithic
MX
Maqetta
MoonPay
Plaid
ServiceBell
Socure
TransUnion TruValidate
TrueAccord
Unit21
Vesta
Yodlee

Integrations Supported

API Availability

Has API

API Availability

Pricing Information

Ask sales
Free Version

Pricing Information

$0
Provider matching is available at no cost. Depending on the service, BankStore may charge an annual platform license or a success fee when an account is opened through a supported process. Provider fees pass through without markup, and there is no setup fee if no provider matches.
Free Version

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training

Training Options

Not specified

Company Facts

Organization Name

Sila

Date Founded

2018

Company Location

United States

Company Website

silamoney.com

Company Facts

Organization Name

BankStore

Date Founded

2023

Company Location

United Kingdom

Company Website

bankstore.ai

Categories and Features

AML

Behavioral Analytics
Compliance Reporting
Identity Verification
Risk Assessment
SARs
Transaction Monitoring
Watch List

B2B Payment

Not specified

Banking

Compliance Tracking
Online Banking
Risk Management
Transaction Monitoring

Billing and Invoicing

Mobile Payments
Online Payments
Payment Processing
Recurring/Subscription Billing

Business Bank Accounts

Bill Pay
Billing & Invoicing
Checking Account
Instant Payouts

Compliance

Audit Management
Risk Management
Workflow / Process Automation

Crypto APIs

Not specified

Digital Wallets

Not specified

Embedded Finance

Not specified

Embedded Payments

Not specified

Finance

Not specified

Financial Data APIs

Not specified

Financial Reporting

General Ledger

Financial Services

Risk Management

Fraud Detection

Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Pattern Recognition
Transaction Approval

Identity Verification

Not specified

KYC

Not specified

Mobile Banking

Bill Payment
Digital Wallet
P2P Payments
Remote Deposit
SMS Banking
Transaction Monitoring

Money Transfer

Not specified

Payment Gateways

ACH / eCheck support
Buyer Authentication
Credit / Debit Support
Customer Information Storage
Fraud Prevention
Invoicing
PCI Compliance
Point-of-Sale (POS)
Recurring Billing / Subscriptions
Reporting / Analytics

Payment Orchestration

Not specified

Payment Processing

ACH Check Transactions
Bitcoin Compatible
Debit Card Support
Mobile Payments
Online Payments
POS Transactions
Recurring Billing

Categories and Features

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