News & Events

News and Events

Check back often for updated news and events

Press Releases

An archive of Sila press releases

Sila Smart Risk Management Translates into Instant ACH for Customers

September 16, 2021 Sila Inc., a fintech software platform that provides payment infrastructure as a service, today announced that it has rolled out Instant ACH, a new service that uses state-of-the-art risk management to avail customers of funds from ACH debit transactions instantly. After passing a risk analysis, funds are immediately available to the end-user for ACH debits.

Sila Strengthens Executive Team with Rick Holt Named Chief Revenue Officer

September 9, 2021 Sila Inc., a fintech software platform that provides payment infrastructure as a service, today announced that Rick Holt was appointed the firm’s first chief revenue officer. Holt had been with Sila for several months as the acting VP of Sales. In his new role, Holt will be responsible for the cohesiveness of Sila’s revenue-related functions including sales, marketing, and customer experience. For over 20 years, Holt has guided revenue generation and developed leadership teams to successfully address growth, profitability, and other tough management challenges. In doing so he has generated tens of millions of dollars in revenue, profits, and enterprise value.

Sila Recognized as One of the Best Places to Work in Financial Technology 2021

August 25, 2021 Sila Inc., a fintech software platform that provides payment infrastructure as a service, today announced that it has earned the distinction of being named one of the 2021 Best Places to Work in Financial Technology by Arizent, publisher of American Banker, The Bond Buyer, National Mortgage News, and other leading business-to-business publications.

Sila Secures $13 Million in Series A Funding Led by Revolution Ventures

July 26, 2021 Sila, an API platform that provides payment infrastructure as a service while ensuring regulatory compliance, announced today $13M in Series A funding led by Revolution Ventures, bringing total funding to over $20M. 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.

Constitution Lending Partners With Sila to Revolutionize Hard Money Lending

July 21, 2021 Sila Inc., a fintech software platform that provides payment infrastructure as a service, today announced that Constitution Lending Partners, the premier hard money lender for all property types, selected Sila as its strategic partner to realize its vision of democratizing access to real estate credit opportunities and to provide a better more seamless lending experience for borrowers.

In the News

A compilation of articles and podcasts. Some websites may require registration or a subscription to access the full story.

Sila Strengthens Executive Team with Rick Holt Named Chief Revenue Officer

September 10, 2021 Global FintechSeries Sila announced that Rick Holt was appointed the firm’s first chief revenue officer. Holt had been with Sila for several months as the acting VP of Sales. In his new role, Holt will be responsible for the cohesiveness of Sila’s revenue-related functions including sales, marketing, and customer experience.

Sila Founder Shamir Karkal on fintech growth and raising a $13M round

September 1, 2021 Portland Business Journal Shamir is sharing an update on Sila's recent funding round, and on how the business has been growing over the last year. Despite (or in some way thanks to) COVID.

Sila Banks $13M to Offer Single API for Developing Financial Products, Services

July 26, 2021 TechCrunch.com Sila announced Monday it raised $13 million in Series A funding for its banking and payment platform that gives software teams tools to build the next generation of financial products and services.

The Startup Enemies of Wall Street Are Booming

March 29, 2021 The New York Times Shamir Karkal is one of the industry thought leaders quoted in this article.

Programmable Money: Sila Co-Founders Shamir Karkal and Angela Wilson

April 23, 2020 Barefoot Innovation Group Listen to 2 of the 4 co-founders of Sila discuss their startup and the fintech industry.

Sila, a Startup Founded by Shamir Karkal to Rethink ACH, Raises $7.7 Million

April 8, 2020 Finovate Read about Sila's initial funding round and growth plans.

DeFi: a pathway forward

September 9, 2021 International Financial Law Review Alex Lipton, co-founder of Sila, and Lewis Cohen, co-founder of DLx Law, write about the promise of Decentralized Finance and how it intersects with traditional finance.

19 crypto and blockchain-focused lawyers who are inking deals, fighting lawsuits, and navigating fast-evolving regulations

July 28, 2021 Business Insider Business Insider profiles the top 19 crypto and blockchain-focused lawyers. We are proud to say that DLx Law, a firm co-founded by our co-founder Angela Angelovska-Wilson is the first one mentioned.

Pioneering and Reimagining Fintech Innovation

April 21, 2021 Wharton Fintech Podcast A conversation with Shamir Karkal, CEO and co-founder of Sila.

Banking API Platform Sila Raises $7.7 Million on Promise of Programmable Money

April 9, 2020 Coindesk.com Read about Sila's initial funding round and growth plans.

Sila Provides FinTech Companies With an On-Ramp to Payments

October 12, 2018 Forbes Read about the early ideas that inspired the creation of Sila.

Events

Take advantage to meet the Sila team at these conferences and events.

October 24-27: Money20/20 USA

Location: Las Vegas, NV Vegas is the place to be if you are anyone in fintech. A show that needs no introduction. Three days of panels, presentations, and networking opportunities.

October 19: 8th Annual Empire FinTech Conference

Location: New York, NY Shamir Karkal will be participating in the panel "New kids on the blockchain" from 2:30 - 3:40pm. Part of FinTech Week (October 18-22), this conference brings together hundreds of fintech entrepreneurs with investors and service providers that help accelerate startups.

September 21-23: Money 20/20 Europe

Location: Amsterdam, Netherlands Stay tuned for upcoming news about this show.

August 11-13: Credit Suisse 4th Annual FinTech Conference

Location: Online Shamir Karkal will be participating in the “Neobank Technology Panel” on August 11, 10:30 – 11:10AM EDT This conference aims to provide an emphasis on innovative private companies and evolving trends, spanning Payments & software/ISVs, merchant acquirers & ISOs, Neo/Challenger Banks, core banking platforms, modern card/ issuer processing platforms, cross-border payments, B2B payments, online lending, InsureTech, online wealth management & trading platforms, online mortgage, and more.

October 23: FINNOVATION Vegas

Location: Las Vegas, NV Sila is creating another of its famous INNOVATION events, this time the Saturday before Money20/20 in Vegas. There are only 150 tickets, and they are selling fast. Click on the link to learn more and register today.

September 30: SF Fintech Happy Hour

Location: San Francisco, CA If you live in the Bay Area and are interested in fintech, you know about the legendary fintech happy hours. Sila is proud to be a co-sponsor of the next event.

September 20-22: Mainnet

Location: New York, NY Look for our booth 309 on the 6th floor. This is the leading show for crypto leaders, operators, builders, and investors.

September 7-9: FinTech DevCon.

Location: Denver, Colorado Sila will be organizing a workshop on "Challenges in building neobank infrastructure” on September 8, 2:30pm-4pm Shamir Karkal will be participating in a panel discussing "Build vs. Buy" on September 9, from 12:30-1:30pm.