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

Screenshots and Video

About Sila

About Sila

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
Mobile Payments
Online Payments
POS Transactions
Recurring Billing

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

Mobile Banking Software

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

Fraud Detection Software

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

Financial Services Software

Risk Management

Compliance Software

Audit Management
Risk Management
Workflow / Process Automation

Business Bank Accounts

Bill Pay
Billing & Invoicing
Checking Account
Instant Payouts

Billing and Invoicing Software

Mobile Payments
Online Payments
Payment Processing
Recurring/Subscription Billing

Banking Software

Compliance Tracking
Online Banking
Risk Management
Transaction Monitoring

AML Software

Behavioral Analytics
Compliance Reporting
Identity Verification
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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