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Sila

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Company health

Employee growth
5% increase in the last year
Web traffic
34% decrease in the last quarter
Financing
April 2021 - $21M

Ratings

G2
4.5/5
(18)
TrustPilot
3.7/5
(1)
Glassdoor
3.9/5
(20)

Sila description

Sila offers a platform for businesses to build and launch financial products. Its payment APIs and digital wallets allow companies to integrate ACH payments, manage KYC/KYB verification, and streamline banking operations. Sila focuses on providing a secure and compliant environment for moving money, with features like instant settlement, fraud prevention, and bank account linking. They are known for their developer-friendly tools and robust API documentation.


What companies are using Sila?

bunny.money is using Sila
bunny.money
OKY is using Sila
OKY
Xuno is using Sila
Xuno
FunnelDash is using Sila
FunnelDash
buildwallet is using Sila
buildwallet
Wedge is using Sila
Wedge
Playfora is using Sila
Playfora
BAmboo is using Sila
BAmboo
Zapier is used by bunny.money, OKY, Xuno, FunnelDash, buildwallet, Wedge, Playfora, BAmboo.

Who is Sila best for

Sila is a robust platform for building and launching financial products. It offers a suite of APIs and digital wallets for managing KYC/KYB verification, ACH payments, and other banking operations. Sila focuses on providing a secure, compliant environment for moving money and is known for its developer-friendly tools.

  • Best for medium to large businesses (100+ employees) seeking to embed financial services.

  • Ideal for fintech companies and software developers in the financial services and technology sectors.


Sila features

Supported

Sila offers lightning-fast money transfers using a unique suite of ACH-related products.

Supported

Sila streamlines KYC/AML and fraud prevention processes, reducing risk and ensuring compliance with evolving regulations.

Supported

Sila's platform allows companies to integrate digital wallets and manage banking operations securely.

Supported

Sila enables secure and efficient bank account linking for streamlined banking operations.

Supported

Sila offers payment APIs for integrating ACH payments and other financial services.

Supported

Sila offers a platform for businesses to build and launch financial products.

Supported

Sila provides a public sandbox for easy integration and testing.


Sila pricing

See the Sila pricing page.


Sila alternatives

  • Logo of BBVA Payments API
    BBVA Payments API
    Securely send and receive money, expanding business reach.
    Read more
  • Logo of Preferred Payments
    Preferred Payments
    Secure, simple payments platform. ACH, eChecks, gift cards. US-based support.
    Read more
  • Logo of Checkbook
    Checkbook
    Fast, flexible push payments via digital check, ACH, or RTP.
    Read more
  • Logo of Plaid
    Plaid
    Connects apps to bank accounts for secure financial data sharing.
    Read more
  • Logo of Temenos Infinity
    Temenos Infinity
    Digital banking platform for engaging customer experiences and faster product launches.
    Read more
  • Logo of CSG Forte
    CSG Forte
    Secure, all-in-one payment platform streamlining business transactions.
    Read more

Sila FAQ

  • What is Sila and what does Sila do?

    Sila is a fintech platform that provides APIs and digital wallet infrastructure for businesses to embed financial services into their products. It offers KYC/KYB verification, ACH payments, bank account linking, and a secure environment for managing financial operations. Sila is known for its developer-friendly tools and focus on regulatory compliance.

  • How does Sila integrate with other tools?

    Sila integrates with other tools primarily through its developer-friendly payment APIs. These APIs allow businesses to seamlessly embed ACH payments, KYC/KYB verification, digital wallet management, and other financial functionalities directly into their applications. A public sandbox environment facilitates integration and testing.

  • What the main competitors of Sila?

    Alternatives to Sila include Stripe Connect for global payments, Preferred Payments for ACH and eChecks, Zil Money for diverse payment methods, Atlar for financial data automation, and Kolleno for automated invoicing and payments. These competitors offer similar financial services and developer tools.

  • Is Sila legit?

    Sila appears to be a legitimate platform. They offer a suite of secure financial tools and boast positive ratings on G2 and Glassdoor. However, limited user reviews suggest further research is advisable to ensure it aligns with your specific needs. Look into "is Sila safe" for more information.

  • How much does Sila cost?

    I cannot find pricing information for Sila. Contact Sila directly to determine product pricing and if it's worth the investment for your needs.

  • Is Sila customer service good?

    Sila's customer service receives high praise. Users describe the team as "incredibly helpful," "responsive," and willing to "go the extra mile." They offer valuable guidance on compliance and provide prompt support through dedicated Slack channels.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

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