Audience

Fintech , Crypto, Web3, embedded finance, banking-as-a-service

About Sila

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.

Other Popular Alternatives & Related Software
Spreedly
Spreedly
Spreedly is a Payments Orchestration platform. Organizations rapidly growing, entering new markets, seeking to limit their compliance burden, or to lower payments costs often find that they can’t adapt their infrastructure to accept payments the way their business requires. Our Payments Orchestration platform enables payments flexibility and redundancy by allowing customers to build one integration and then route transactions through virtually any combination of payment services without ever touching end-consumer card data. Capture and secure payment methods in a portable PCI-compliant vault. Then leverage our massive ecosystem of Spreedly and third-party payment services to enable and optimize digital transactions. Connect to virtually any payment service via a single API rather than building complex integrations. Leverage our experience across billions of transactions to enhance your payments strategy.
Learn more
Exact Payments
Exact Payments
(8 Ratings)
Exact Payments develops and delivers easy-to-integrate and highly scalable payments technology for SaaS companies to seamlessly embed payment flows into their software and activate a new, high-margin revenue stream. With Exact’s PayFac-as-a-Service solution, SaaS providers build frictionless buying journeys that enhance customer experience, improve retention, and increase the lifetime value of a customer by as much as 5x. Today, Exact processes nearly 1 billion transactions annually for prominent customers, including Chase, Ordway, Cineplex, Allianz, Levi’s, and Carfax. Exact is integrated with leading processors in the US and Canada, including Elavon, Fiserv, Global Payments/TSYS, Chase Canada, and Moneris. Our payment solutions are designed for performance and reliability, supporting over 10,000 merchant clients and delivering 99.99% uptime availability with transaction response times of less than 1 second.
Learn more
Plaid
Plaid
(5 Ratings)
Plaid is a global fintech infrastructure platform that enables businesses and consumers to securely connect to financial data and services. Through APIs that connect to more than 12,000 financial institutions across 20+ countries, Plaid operates the world’s largest open banking data network. By removing the complexity of direct bank integrations, Plaid enables developers, financial institutions, and enterprises to build secure, user-friendly, and conversion-optimized financial products. Plaid powers payments, lending, identity verification, fraud prevention, and personal finance applications. Today, more than 100 million people worldwide, including half of U.S. adults, have relied on Plaid through their connections to over 7,000 apps and services.
Learn more
Alviere Hive
Alviere Hive
Alviere’s embedded finance platform allows any organization to seamlessly integrate financial products and services into their existing offerings, and provide customers and partners with the most comprehensive embedded financial solution on the market. Alviere’s platform offers an extensive range of customizable branded products and services that include FDIC-insured virtual accounts and physical card issuing, payments, digital global money transfers, and crypto/web3 products, all through one API integration. Alviere is a fully licensed and regulated financial institution, and provides comprehensive compliance, risk management, fraud/AML montioring and security to ensure long-term program success.
Learn more

Pricing

Pricing Details:
Ask sales
Free Version:
Free Version available.

Integrations

API:
Yes, Sila offers API access
See Integrations

Ratings/Reviews - 2 User Reviews

Overall 5.0 / 5
ease 5.0 / 5
features 4.5 / 5
design 5.0 / 5
support 5.0 / 5
More Reviews Write a Review

Company Information

Sila
Founded: 2018
United States
silamoney.com

Videos and Screen Captures

About Sila

About Sila

About Sila Why Sila? Sila Products Sila Console Application Detail Transactions Console
Other Useful Business Software
MongoDB Atlas runs apps anywhere Icon
MongoDB Atlas runs apps anywhere

Deploy in 115+ regions with the modern database for every enterprise.

MongoDB Atlas gives you the freedom to build and run modern applications anywhere—across AWS, Azure, and Google Cloud. With global availability in over 115 regions, Atlas lets you deploy close to your users, meet compliance needs, and scale with confidence across any geography.
Start Free

Product Details

Platforms Supported
Cloud
Training
Documentation
Live Online
Webinars
Videos
Support
Phone Support
Online

Sila Frequently Asked Questions

Q: What kinds of users and organization types does Sila work with?
Q: What languages does Sila support in their product?
Q: What kind of support options does Sila offer?
Q: What other applications or services does Sila integrate with?
Q: Does Sila have an API?
Q: What type of training does Sila provide?
Q: What pricing for support is available for Sila?

Sila Product Features

AML

Behavioral Analytics Supported
Compliance Reporting Supported
Identity Verification Supported
Risk Assessment Supported
SARs Supported
Transaction Monitoring Supported
Watch List Supported
Case Management Not Supported
Investigation Management Not Supported
PEP Screening Not Supported

Banking

Compliance Tracking Supported
Online Banking Supported
Risk Management Supported
Transaction Monitoring Supported
ATM Management Not Supported
Corporate Banking Not Supported
Credit Card Management Not Supported
Credit Union Not Supported
Investment Banking Not Supported
Multi-Branch Not Supported
Private Banking Not Supported
Retail Banking Not Supported
Securities Management Not Supported

Billing and Invoicing

Mobile Payments Supported
Online Payments Supported
Payment Processing Supported
Recurring/Subscription Billing Supported
Billing Portal Not Supported
Contact Database Not Supported
Contingency Billing Not Supported
Customer Portal Not Supported
Customizable Invoices Not Supported
Dunning Management Not Supported
Hourly Billing Not Supported
Invoice History Not Supported
Multi-Currency Not Supported
Online Invoicing Not Supported
Project Billing Not Supported
Service Ticket Billing Not Supported
Tax Calculator Not Supported

Business Bank Accounts

Bill Pay Supported
Billing & Invoicing Supported
Checking Account Supported
Instant Payouts Supported
Bank Wires Not Supported
Business Credit Cards Not Supported
Checks Not Supported
Expense Management Not Supported
No Fee Payments Not Supported
Rewards Not Supported
Savings Account Not Supported
Spend Management Not Supported

Compliance

Audit Management Supported
Risk Management Supported
Workflow / Process Automation Supported
Archiving & Retention Not Supported
Artificial Intelligence (AI) Not Supported
Compliance Tracking Not Supported
Controls Testing Not Supported
Environmental Compliance Not Supported
FDA Compliance Not Supported
HIPAA Compliance Not Supported
ISO Compliance Not Supported
Incident Management Not Supported
OSHA Compliance Not Supported
Sarbanes-Oxley Compliance Not Supported
Surveys & Feedback Not Supported
Version Control Not Supported

Financial Reporting

General Ledger Supported
"What If" Scenarios Not Supported
Audit Trail Not Supported
Balance Sheet Not Supported
Cash Management Not Supported
Consolidation / Roll-Up Not Supported
Forecasting Not Supported
Income Statements Not Supported
Multi-Company Not Supported
Multi-Department / Project Not Supported
Profit / Loss Statement Not Supported

Financial Services

Risk Management Supported
Analytics Not Supported
Branch Optimization Not Supported
Channel Management Not Supported
Compliance Management Not Supported
Customer Engagement Not Supported
Performance Management Not Supported

Fraud Detection

Custom Fraud Parameters Supported
For Banking Supported
For Crypto Supported
For Insurance Industry Supported
For eCommerce Supported
Internal Fraud Monitoring Supported
Pattern Recognition Supported
Transaction Approval Supported
Access Security Management Not Supported
Check Fraud Monitoring Not Supported
Investigator Notes Not Supported

KYC

Mobile Banking

Bill Payment Supported
Digital Wallet Supported
P2P Payments Supported
Remote Deposit Supported
SMS Banking Supported
Transaction Monitoring Supported
Biometric Not Supported
Cash Management Not Supported
Chat / Messaging Not Supported
Cross Selling Functionality Not Supported
Voice Banking Not Supported

Payment Gateways

ACH / eCheck support Supported
Buyer Authentication Supported
Credit / Debit Support Supported
Customer Information Storage Supported
Fraud Prevention Supported
Invoicing Supported
PCI Compliance Supported
Point-of-Sale (POS) Supported
Recurring Billing / Subscriptions Supported
Reporting / Analytics Supported
Multi-Currency Not Supported

Payment Processing

ACH Check Transactions Supported
Bitcoin Compatible Supported
Debit Card Support Supported
Mobile Payments Supported
Online Payments Supported
POS Transactions Supported
Recurring Billing Supported
Gift Card Management Not Supported
Receipt Printing Not Supported
Signature Capture Not Supported

Sila Additional Categories

Sila Verified User Reviews

Write a Review
  • A Sila User
    Product Manager
    Used the software for: 2+ Years
    Frequency of Use: Weekly
    User Role: Administrator
    Company Size: 100 - 499
    Design
    Ease
    Features
    Pricing
    Support
    Probability You Would Recommend?
    1 2 3 4 5 6 7 8 9 10

    "Straightforward to use "

    Posted 2023-02-14

    Pros: The basic features are there to use, and the complex features can be easily be implemented with their extensive documentation and onboarding support.

    Cons: Complex scenarios can be tricky, so you need to involve onboarding support.

    Overall: 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.

    Read More...
  • BILLY R.
    CEO
    Used the software for: 1-2 Years
    Frequency of Use: Daily
    User Role: Administrator, Deployment
    Company Size: 1 - 25
    Design
    Ease
    Features
    Pricing
    Support
    Probability You Would Recommend?
    1 2 3 4 5 6 7 8 9 10

    "Best in Class BaaS"

    Posted 2023-02-13

    Pros: 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

    Cons: When I find one I'll post it - the partnership has been incredibly positive.

    Overall: 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.

    Read More...
  • Previous
  • You're on page 1
  • Next
Page Already Claimed. Claim Again?