# Sila

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sila

- Industry: Financial Services
- Headquarters: Portland, US
- Website: www.silamoney.com
- Total disclosed funding: $21M
- Latest round: Series A (Jul 26, 2021)
- Investors on record: 5

## About

Based in Oreland, US, and founded in 2018, Sila Inc operates as a fintech company that offers online banking, digital wallet, and payment infrastructure to enterprises. The company was Co-founded by Shamir Karkal (CSO). In July 2021, Sila Inc. raised USD 13 million in series A funding led by Revolution Ventures, Madrona Venture Group, Mucker Capital, and Oregon Venture Fund. As of 2023, the company is led by its CEO and President Mike Fitzpatrick.

The company offers a payment platform that provides various products such as ACH API, virtual accounts, products for fraud prevention, KYC, and KYB. The ACH API offered by the company offers risk management services that resolve ACH debits instantly. The firm offers virtual accounts to its clients and provides digital wallet API which helps users link any U.S bank account via API for in-application payment. It also offers fraud prevention solutions to its clients.

## Funding rounds

- Series A, Jul 26, 2021, $13M — Madrona Venture Group, Oregon Venture Fund, Revolution Ventures, Mucker Capital
- Seed, Apr 8, 2020, $7.7M — Madrona Venture Group, Oregon Venture Fund, Mucker Capital, 99 Tartans

## Investors

- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Seed, Series A
- Oregon Venture Fund (https://capitalatlas.ai/funds/oregon-venture-fund) — Seed, Series A
- Mucker Capital (https://capitalatlas.ai/funds/mucker-capital) — Seed, Series A
- 99 Tartans (https://capitalatlas.ai/funds/99-tartans) — Seed
- Revolution Ventures (https://capitalatlas.ai/funds/revolution-ventures) — Series A