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.
Sila enables software developers to incorporate regulatory compliant payment capabilities into their products. Sila’s banking APIs replace the need for integrating with legacy financial institutions. Sila’s built-in-compliance Know Your Customer (KYC), and Know Your Business (KYB) capabilities, verify consumer and business identities and confirm that the source of funds is legitimate.
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