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.

Pricing

Price Overview:
Ask sales
Free Version:
Free Version available.

Integrations

Offers API?:
Yes, Sila provides an API
All Sila Integrations
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Screenshots and Video

Play Video About Sila Why Sila? Sila Products Sila Console Application Detail Transactions Console

Company Facts

Company Name:
Sila
Date Founded:
2018
Company Location:
United States
Company Website:
silamoney.com
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Product Details

Deployment
SaaS
Training Options
Documentation Hub
Online Training
Webinars
Video Library
Support
Standard Support
Web-Based Support

Product Details

Target Company Sizes
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Nonprofit
Government
Startup
Supported Languages
English

Sila Categories and Features

Payment Processing Software

ACH Check Transactions
Bitcoin Compatible
Debit Card Support
Gift Card Management
Mobile Payments
Online Payments
POS Transactions
Receipt Printing
Recurring Billing
Signature Capture

Payment Orchestration Platform

Payment Gateways

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

Money Transfer Service

Mobile Banking Software

Bill Payment
Biometric
Cash Management
Chat / Messaging
Cross Selling Functionality
Digital Wallet
P2P Payments
Remote Deposit
SMS Banking
Transaction Monitoring
Voice Banking

KYC Software

Identity Verification Software

Fraud Detection Software

Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Investigator Notes
Pattern Recognition
Transaction Approval

Financial Services Software

Analytics
Branch Optimization
Channel Management
Compliance Management
Customer Engagement
Performance Management
Risk Management

Financial Reporting Software

"What If" Scenarios
Audit Trail
Balance Sheet
Cash Management
Consolidation / Roll-Up
Forecasting
General Ledger
Income Statements
Multi-Company
Multi-Department / Project
Profit / Loss Statement

Financial Data APIs Software

Finance Software

Embedded Payments Platform

Embedded Finance Platform

Digital Wallets

Digital Banking Platforms

Cryptocurrency Payment Gateway

Crypto APIs

Compliance Software

Archiving & Retention
Artificial Intelligence (AI)
Audit Management
Compliance Tracking
Controls Testing
Environmental Compliance
FDA Compliance
HIPAA Compliance
ISO Compliance
Incident Management
OSHA Compliance
Risk Management
Sarbanes-Oxley Compliance
Surveys & Feedback
Version Control
Workflow / Process Automation

Business Bank Accounts

Bank Wires
Bill Pay
Billing & Invoicing
Business Credit Cards
Checking Account
Checks
Expense Management
Instant Payouts
No Fee Payments
Rewards
Savings Account
Spend Management

Billing and Invoicing Software

Billing Portal
Contact Database
Contingency Billing
Customer Portal
Customizable Invoices
Dunning Management
Hourly Billing
Invoice History
Mobile Payments
Multi-Currency
Online Invoicing
Online Payments
Payment Processing
Project Billing
Recurring/Subscription Billing
Service Ticket Billing
Tax Calculator

Banking as a Service (BaaS) Provider

Banking Software

ATM Management
Compliance Tracking
Corporate Banking
Credit Card Management
Credit Union
Investment Banking
Multi-Branch
Online Banking
Private Banking
Retail Banking
Risk Management
Securities Management
Transaction Monitoring

B2B Payment Platform

AML Software

Behavioral Analytics
Case Management
Compliance Reporting
Identity Verification
Investigation Management
PEP Screening
Risk Assessment
SARs
Transaction Monitoring
Watch List

More Sila Categories

Sila Customer Reviews

Write a Review
  • Reviewer Name: BILLY R.
    Position: CEO
    Has used product for: 1-2 Years
    Uses the product: Daily
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Best in Class BaaS

    Date: Feb 13 2023
    Summary

    Partnering with Sila was one of the best decisions our business made as we were building our solution. The API works, is well documented, and the Sila support is amazing. The thing that sticks out the most is their team - from the onboarding process, through diligence, and into production, the Sila team is incredibly organized and responsive - they even provided some great feedback on our onboarding flow, and our sales rep still checks in monthly to see how we are doing. Cannot recommend them enough as a BaaS provider - Shamir and his team lead the pack in terms of service and support.

    Positive

    1. Organized and transparent onboarding and diligence process
    2. API is well-documented and robust
    3. The Sila team and the level of support and service they provide is the best we've seen in the space.
    4. Sila acts and operates as a true partner

    Negative

    When I find one I'll post it - the partnership has been incredibly positive.

    Read More...
  • Reviewer Name: A Verified Reviewer
    Position: Product Manager
    Has used product for: 2+ Years
    Uses the product: Weekly
    Org Size (# of Employees): 100 - 499
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Straightforward to use

    Date: Feb 14 2023
    Summary

    Using the Sandbox environment, onboarding support and published documentation makes easy to implement open banking and payment functions. Therefore, I can focus more time to the unique features of my customers beyond money movement.

    Positive

    The basic features are there to use, and the complex features can be easily be implemented with their extensive documentation and onboarding support.

    Negative

    Complex scenarios can be tricky, so you need to involve onboarding support.

    Read More...
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