The round is co-led by VC firms Madrona Venture Group and Oregon Venture Fund, with support from Mucker Capital, 99 Tartans, Taavet Kinrikus, CEO and co-founder of Transferwise, and Jerry Neumann.
According to the official press release, the funds will be used to accelerate growth and introduce new product features to provide software developers with access to the global financial system.
Sila launched its Infrastructure-as-a-Service (IaaS) platform in April 2019 to help companies leverage financial networks to build businesses. Its platform 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 with fully insured funds held by an FDIC member bank.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright