Sila Description

Sila is an end-to-end payment platform that provides Banking-as-a-Service through a developer-friendly payment API that is scalable and allows for fast and secure money transfers.

Sila’s payment platform streamlines building and launching fintech apps and embedded payment products for financial products, fintech, crypto, and Web3.

Sila’s offerings include Virtual Accounts, Digital Wallets, KYC/KYB, and ACH payments APIs for software teams. Additional functionality is available through a network of pre-approved and pre-integrated partners (to different degrees). Sila was recognized as the Best Payments as a Service Platform by the 2022 Embedded Banking Awards of Tearsheet. Sila is headquartered in Portland, Oregon.

Pricing

Pricing Information:
Ask sales
Free Version:
Yes

Integrations

API:
Yes, Sila has an API

Reviews - 2 Verified Reviews

Total
ease
features
design
support

Company Details

Company:
Sila
Year Founded:
2018
Headquarters:
United States
Website:
silamoney.com
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Media

About Sila

About Sila

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Product Details

Platforms
Web-Based
Types of Training
Training Docs
Live Training (Online)
Webinars
Training Videos
Customer Support
Business Hours
Online Support

Sila Features and Options

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

Fraud Detection Software

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

AML Software

Behavioral Analytics
Compliance Reporting
Identity Verification
Risk Assessment
SARs
Transaction Monitoring
Watch List

Mobile Banking Software

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

Billing and Invoicing Software

Mobile Payments
Online Payments
Payment Processing
Recurring/Subscription Billing

Banking Software

Compliance Tracking
Online Banking
Risk Management
Transaction Monitoring

Business Bank Accounts

Bill Pay
Billing & Invoicing
Checking Account
Instant Payouts

Compliance Software

Audit Management
Risk Management
Workflow / Process Automation

Financial Services Software

Risk Management

Sila Lists

Sila User Reviews

Write a Review
  • Name: Anonymous (Verified)
    Job Title: Product Manager
    Length of product use: 2+ Years
    Used How Often?: Weekly
    Role: Administrator
    Organization Size: 100 - 499
    Features
    Design
    Ease
    Pricing
    Support
    Likelihood to 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...
  • Name: BILLY R.
    Job Title: CEO
    Length of product use: 1-2 Years
    Used How Often?: Daily
    Role: Administrator, Deployment
    Organization Size: 1 - 25
    Features
    Design
    Ease
    Pricing
    Support
    Likelihood to 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...
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