Sila
Sila Inc. (Sila Money) is a Portland, Oregon-based fintech operating a developer-first payment infrastructure API that orchestrates ACH, RTP, FedNow, and instant settlement for US fintechs and regulated industries, monetizing via usage-based transaction fees.
- Company typePrivate
- Founded2018
- HeadquartersPortland, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Sila does
Sila Inc. (dba Sila Money) is a Portland, Oregon-based fintech founded in 2018 that operates a payment infrastructure API platform marketed as "The Money API for Fintech." The platform exposes a single REST API that orchestrates ACH, Same-Day ACH, RTP (The Clearing House), FedNow, and Sila's proprietary Instant Settlement rail, with SDKs in JavaScript, PHP, Python, .Net/C#, and Java, plus a free sandbox, a Postman collection on GitHub, and an API status page. Around the core ACH API, Sila bundles modular products including Virtual Accounts, a Digital Wallet API, KYC and KYB Identity Verification (integrated with Alloy), Fraud Prevention, and Bank Account Linking (via MX and Plaid), with its flagship ACHNow product adding multi-rail instant settlement and verticalized packages for Payroll, PropTech, Push-to-Card, iGaming, and US Expansion.
Sila serves primarily US-located businesses, fintech developers, and regulated industries (investing, insurance, digital assets), and routes the regulated money-transmission layer through Priority Commerce. The company monetizes via usage-based transaction and event fees (ACH origination, instant settlement, KYC/KYB checks), supplemented by sales-assisted enterprise contracts and a freemium developer sandbox funnel. Sila is SOC 2 Type 2 certified, GDPR and CCPA compliant, and was recognized as Best Payments as a Service Platform at the 2022 Tearsheet Embedded Banking Awards. The company raised a total of approximately $20.7 million across seed and Series A rounds (2020 seed $7.7M led by Madrona and Oregon Venture Fund; 2021 Series A $13M led by Revolution Ventures), and was acquired by Priority (Commerce) in late 2025 to bolster Priority's real-time payment capabilities.
Sila firmographics
Firmographics- Name
- Sila
- Legal name
- Sila Inc. (also known as Sila Money Inc.)
- Website
- https://silamoney.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Short description
- Sila Inc. (Sila Money) is a Portland, Oregon-based fintech operating a developer-first payment infrastructure API that orchestrates ACH, RTP, FedNow, and instant settlement for US fintechs and regulated industries, monetizing via usage-based transaction fees.
- Ownership category
- akta.pro rank
Sila industry classification
Industry- Product category
- Payments-as-a-Service API Platform
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Payment Gateways & API Connectivity (FSAGABAB)
- akta.pro secondary industries
- Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)
Keywords
Where Sila is headquartered
LocationHeadquarters
- HQ city
- Portland
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Sila business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- Transaction & Processing Fees: Sila charges Fees for Transactions (such as processing a payment) and for other events connected with a Sila Account, with rates published on the Sila Pricing page and incorporated into the Terms of Service. Fees may be revised with at least 30 days' advance notice. Usage scales with payment volume, ACH originations, instant settlement, and KYC/KYB usage.
- Money Transmission Services via Priority Commerce: For services that constitute money transmission, Sila routes the underlying banking relationship through Priority Commerce (a Third-Party Service provider), where applicable fees and revenue share are governed by separate terms.
- Sandbox & Developer Console (Freemium Funnel): Free sandbox and developer console serve as a freemium top-of-funnel, converting registered developers to paying production API customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Usage-based / transaction-based pricing per published Pricing page |
| Freemium | Pay-as-you-go | Free Sandbox Environment (freemium developer tier) |
| Other | Multi-year contract | Enterprise / custom-quoted contracts (sales-assisted) |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels10 records
Sila product offering
Product offeringCore offering
Sila provides a payment infrastructure API platform that enables fintech companies and software application developers to embed programmable money-movement features into their applications. The core offering combines an ACH API with the flagship ACHNow product, which orchestrates three instant settlement rails (RTP, FedNow, and Sila's proprietary Instant Settlement) through a single REST API, and is supported by modular API products for digital wallets, virtual accounts, KYC/KYB identity verification, fraud prevention, and bank account linking via Plaid and MX. Banking-as-a-service money-transmission services are delivered through partner Priority Commerce.
Product overview
Sila (Sila Inc., also known as Sila Money Inc.) offers a single unified payment infrastructure platform marketed as "The Money API for Fintech." The architecture is a platform-plus-modules model: the core ACH API anchors the offering, with ACHNow sitting on top as the flagship multi-rail instant settlement layer (RTP, FedNow, and Sila's proprietary Instant Settlement). Around the core, Sila bundles a modular set of API products — Virtual Accounts, Digital Wallet API, KYC and KYB Identity Verification, Fraud Prevention, Bank Account Linking, and Instant Settlement — that developers compose to build ACH and real-time payment experiences. The platform is exposed to developers via REST APIs, official SDKs in JavaScript, PHP, Python, .Net, C#, and Java, a free sandbox/Developer Console, and a Postman collection, with banking services provided through partner Priority Commerce. Compliance (NACHA, KYC/KYB, AML) and SOC 2 Type 2 security posture are baked in across all products.
Differentiator
Problem solved
Functional benefit
Brands
- ACHNow: Sila's instant settlement product line providing access to RTP, FedNow, and Sila's proprietary Instant settlement solution through a single API, with dedicated use-case pages for Payroll, PropTech, Push-to-Card, iGaming, and US Expansion.
Products and services
- ACHNow
- ACH API
- Virtual Accounts
- Digital Wallet API
- Fraud Prevention
- KYC / Identity Verification
- KYB
- Bank Account Linking
- Instant Settlement
- Sila Sandbox Environment
- Push-to-Card
Companies that use Sila
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles4 records
Sila technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration23 records
Feature9 records
Sila partnerships and signals
Strategic signalPartnerships
22 partnerships are on record, tiered strategic tier 1, core integration partner, ecosystem partner, core infrastructure vendor and operational partner.
- Priority Commercestrategic tier 1Priority Commerce provides the regulated money-transmission and banking back-end that Sila refers customers to; Sila sits between banks, investment advisors, and FinTechs, and Priority Commerce supplies the underlying banking services (bank transfers, accounts). Priority Commerce also acquired Sila to strengthen its instant payment capabilities.
- Plaidcore integration partnerPre-approved bank account linking integration embedded in the Sila API; legal terms at https://plaid.com/legal/ incorporated by reference into Sila's Terms of Service. Provides simplified account linking for ACH transactions.
- MXcore integration partnerPre-approved bank account linking integration embedded in the Sila API; works alongside Plaid to provide simplified account linking for ACH transfers and KYC workflows.
- Alloycore integration partnerIdentity verification (KYC/KYB) integration; legal terms at https://alloy.co/legal/ incorporated by reference into Sila's Terms of Service. Powers Sila's automated user verification to reduce risk and fraud.
- Currencycloudecosystem partnerListed as an ecosystem / customer logo on Sila's homepage; cross-border FX and payments infrastructure integration with the Sila API.
- TrueAccordecosystem partnerListed as a fintech customer / ecosystem logo on Sila's homepage; integration with Sila's payment and digital wallet APIs for debt collection and consumer payments workflows.
- Lithicecosystem partnerListed as a fintech customer / ecosystem logo on Sila's homepage; card issuing platform integration with Sila's payment APIs.
- Sardineecosystem partnerListed as a fintech customer / ecosystem logo on Sila's homepage; fraud and risk platform integration with Sila's payment and ACH APIs.
- Thunesecosystem partnerListed as a fintech customer / ecosystem logo on Sila's homepage; cross-border payments integration with Sila's money movement APIs.
- Mercuryecosystem partnerListed as a fintech customer / ecosystem logo on Sila's homepage; banking platform integration with Sila's ACH and digital wallet APIs.
- Vestaecosystem partnerListed as a fintech customer / ecosystem logo on Sila's homepage; integration with Sila's payment APIs for fraud prevention / guaranteed payments.
- Corpayecosystem partnerListed as a fintech customer / ecosystem logo on Sila's homepage; corporate payments / FX integration with Sila's ACH APIs.
- Argyleecosystem partnerListed as a fintech customer / ecosystem logo on Sila's homepage; income and employment data integration with Sila's KYC and account linking workflows.
- Arcusecosystem partnerListed as a fintech customer / ecosystem logo on Sila's homepage; bill payment / fintech infrastructure integration with Sila's payment APIs.
- Amazon Web Services (AWS)core infrastructure vendorHosts Sila's encrypted cloud-based database; PII is encrypted in transit and in storage. AWS is the primary cloud infrastructure provider.
- Intercomoperational partnerProvides website chat support and console account verification (essential and functional cookies) to capture user name, email, company, and IP address.
- Google Analytics / Google Ireland Limitedoperational partnerProvides essential, analytics, and marketing cookies via Google Analytics and Google Search Console for tracking consent banner views, page visits, search traffic, and ad campaigns.
- ActiveCampaignoperational partnerEmail and social marketing services platform used to identify newsletter referrals and monitor subsequent website activity; powers Sila's newsletter program.
- Hotjar Ltd.operational partnerProvides heatmaps and user behavior analytics to identify click/scroll patterns, errors, and bugs on Sila's website to improve performance and content.
- LeadFeeder (Liidio Oy)operational partnerTracks website visitor behavior, IP addresses, and aggregated company usage data to identify potential leads and analytics.
- Typeform SLoperational partnerProvides web-based forms used for Sila's 'Contact Us' sales and support contact form, retaining entries across visits.
- ServiceBell Inc.operational partnerProvides instant video chat widget for sales support, capturing geolocation from IP address.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
Sila competitors and assessment
Company assessmentBroad incumbents
- Stripe: Stripe is a global payments and financial infrastructure incumbent with a broad developer API spanning payments, issuing (Stripe Issuing), Treasury, and Connect — a much larger incumbent overlapping Sila's developer-first payments platform.
- Plaid: Plaid is the dominant bank account linking and consumer-permissioning infrastructure for fintechs — both an integration partner of Sila and a broader incumbent in the fintech data/account linking layer.
Direct peers
- Orum: Orum offers a payments-as-a-service platform with instant ACH, risk/fraud intelligence, and bank account verification APIs — closely comparable to Sila's instant settlement and KYC/KYB stack for fintech developers.
- Finix: Finix provides payments infrastructure APIs for software platforms to embed money movement and card acceptance — overlapping with Sila's API-first, developer-centric payments platform model.
- Unit: Unit is a banking-as-a-service platform offering deposit accounts, cards, lending, and embedded finance APIs — competing with Sila for fintech customers who need programmable money movement plus banking primitives.
- Modern Treasury: Modern Treasury provides payment operations APIs covering ACH, wires, RTP, and FedNow for fintechs and platforms — a direct competitor to Sila's ACHNow multi-rail orchestration, with deeper enterprise go-to-market.
- Synctera: Synctera provides a banking-as-a-service platform pairing fintech builders with sponsor banks for deposit accounts, cards, and payments — a direct competitor in the embedded finance API space.
- Treasury Prime: Treasury Prime offers an API platform connecting fintechs to bank partners for accounts, payments, and compliance — directly comparable to Sila's developer-first payment infrastructure plus compliance posture.
- Dwolla: Dwolla is an ACH-focused payment API platform for fintechs and developers — directly comparable to Sila's core ACH API offering, with a similar developer-first, US-focused positioning and use-case verticalization.
Emerging players
- Check (Checkhq): Check offers ACH and payment APIs for fintech developers with a similar US-focused, developer-led GTM — a smaller emerging competitor in the same API-first payment orchestration niche.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Sila social profiles
Digital presenceSila compliance and trust
Trust signalCompliance4 records
Sila financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sila leadership team
Management profileNumber of profiles
Profiles9 records
Sila funding detail
Funding detailFunding overview
Funding rounds4 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sila M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sila
What does Sila do?
Sila provides a payment infrastructure API platform that enables fintech companies and software application developers to embed programmable money-movement features into their applications. The core offering combines an ACH API with the flagship ACHNow product, which orchestrates three instant settlement rails (RTP, FedNow, and Sila's proprietary Instant Settlement) through a single REST API, and is supported by modular API products for digital wallets, virtual accounts, KYC/KYB identity verification, fraud prevention, and bank account linking via Plaid and MX. Banking-as-a-service money-transmission services are delivered through partner Priority Commerce.
Is Sila a public or private company?
Sila is a private company. It is classified as corporate owned and is currently acquired.
When was Sila founded?
Sila was founded in 2018. It employs 51 to 100 people.
Where is Sila based?
Sila is headquartered in Portland, United States, in the North America region.
How does Sila make money?
Three revenue lines are on record. Transaction & Processing Fees are the primary driver. The others are money Transmission Services via Priority Commerce and sandbox & Developer Console (Freemium Funnel).
Who are Sila's main competitors?
Broad incumbents on record are Stripe and Plaid. Direct peers are Orum, Finix, Unit, Modern Treasury, Synctera, Treasury Prime and Dwolla. Check (Checkhq) is listed as an emerging player.
Does Sila have an API?
Yes. Sila offers a public REST API ("The Money API for Fintech") for fintech developers to build and embed payment, banking, and identity features into their applications. The API exposes endpoints for ACH transfers (Standard ACH, Same Day ACH, Instant ACH), digital wallets, virtual accounts, KYC/KYB identity verification, bank account linking, fraud prevention, and multi-rail instant settlement (RTP, FedNow, and Sila's proprietary Instant Settlement). Authentication is via publishable and secret API keys issued through the Developer Dashboard. A free sandbox environment is provided at console.silamoney.com, plus an API status page, Postman collection on GitHub, and official SDKs in JavaScript, PHP, Python, .Net, C#, and Java. Documentation is available at docs.silamoney.com/docs and pricing at silamoney.com/pricing. The API is governed by Sila's published Terms of Service and incorporates third-party terms (e.g., Plaid, Alloy). Developer documentation is at docs.silamoney.com/docs.
What industry is Sila in?
Sila's product category is Payments-as-a-Service API Platform. Its primary akta.pro industry code is FSAGABAB, Payment Gateways & API Connectivity, with a secondary code of FSAMACAA, Merchant Payment Gateways (API/Hosted Checkout). Its NAICS code is 522320 and its SIC code is 6211.