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Sila Secures $13 Million In Series A Funding Led By Revolution Ventures

Jul 26, 2021•about 4 years ago

Amount Raised

$13 Million

Round Type

series a

Portland

Description

Sila, an API platform that provides payment infrastructure as a service while ensuring regulatory compliance, announced today $13M in Series A funding led by Revolution Ventures, bringing total funding to over $20M. Existing investors, Madrona Venture Group, Oregon Venture Fund, and Mucker Capital, and angels including Taavet Hinrikus, Co-founder and Chairman of Wise, also participated in the round.

Company Information

Company

Sila

Location

Portland, Oregon, United States

About

Sila is a banking and payment platform for software teams building the next generation of financial products & services in regulated and unregulated industries. The Sila Money API platform enables white-label ACH, Wires, Stablecoin payment processing, money transfer, digital wallets, bank account linking, and ID verification of business (KYB) and individuals (KYC). We power any web, desktop, or mobile application with built-in compliance. Sila was co-founded in 2018 by a diverse team of fintech, legal, and financial experts. For more information visit silamoney.com and connect with us on YouTube, Twitter, and LinkedIn.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech