Sila

About

Sila is the leading money API for fintech. An API platform that provides banking and payment infrastructure-as-a-service.

Portland,Oregon,United States
51 - 100
https://www.silamoney.com

Highlights

Details

Last Funding Type: Convertable Note
Industries: Banking,Credit Cards,Debit Cards,Developer APIs,Financial Services,FinTech,Payments
Founded date: Jan 1, 2018
Number Of Employee: 51 - 100
Operating Status: Active
Legal Name: Sila Inc.

Sila is the leading money API for fintech. Using our developer-friendly sandbox, bank agency, and embedded compliance, our fintech and crypto customers have gone from MSA signing to live in production with compliant payments in as little as a few weeks. Our money API includes solutions for immediate funds availability risk-free to our customers, even in the most pervasive fraud environments. Our core strength is innovating on top of ACH, the backbone of the US payment system. Harness its power. Make everything else better.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

4

$20.70M

Sila has raised a total of $20.70M in funding over 2 rounds. Their latest funding was raised on Jul 26, 2021 from a Series A round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Jul 26, 2021	Series A	$13M	6	Revolution Ventures	—	Detail
Jan 8, 2020	Seed	$7.70M	8	Madrona Oregon Venture Fund Rick Holt	—	Detail
Jan 22, 2019	Convertable Note	—	1	—	—	Detail
Mar 30, 2018	Pre-seed	—	1	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

1

0

Sila has made 1 investments. Their most recent investment was on Dec 14, 2016, when Splash raised $7M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Dec 14, 2016 Splash	Series B	$7M	Event Management	—

Investors

Number of Lead Investors

Number of Investors

4

10

Sila is funded by 10 investors. Revolution Ventures and Rick Holt are the most recent investors.

Investor Name	Lead Investor	Funding Round
Revolution Ventures	Yes	Series A
Rick Holt	Yes	Seed
Madrona	—	Series A
Mucker Capital	—	Series A
Oregon Venture Fund	—	Series A
Taavet Hinrikus	—	Series A
The R-Group, LLC	—	Series A
99 Tartans	—	Seed
Jerry Neumann	—	Seed
Plug and Play	—	Convertable Note