Sila Raises $7.7M in Seed Funding

Funding Rounds

▤ Summary

The system reduces the cost and time of going to market via its payments platform that lets applications move money in a regulatory compliant manner. The API includes a built-in stablecoin for operational purposes – SILA – which is an ERC-20 token pegged 100:1 to the US Dollar, with fully insured funds held by an FDIC member bank. Current customers range from startups to established businesses in industries such as finance, insurance, real estate, and blockchain. The Sila API enables white-label ACH payment processing, money transfer, digital wallets, bank account linking, and identity verification of business and individuals. For more information, visit: www.OregonVentureFund.com Media Contact: William McCormick, 415-699-6046, [email protected] SOURCE Sila Related Links http://www.silamoney.com/

$ Funding

$
Amount $7.7M Total raised
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Date April 8, 2020 Announcement date
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Investors - Lead investors
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Company silamoney.com Funded company

▥ Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
Fintech Payments API Banking Software

▦ Linked Companies

Sila
$1M to $5M