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Sila

Sila

Overview

What is Sila?

Sila is an early stage startup headquartered in Portland. The company’s core product is a suite of payments and financial technology APIs that rolls up many frequently used services into a single solution. According to the vendor, this makes developing…

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Recent Reviews

TrustRadius Insights

Sila offers a range of solutions that cater to small and medium-sized businesses. Users have noted that Sila's core banking functionality …
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Pricing

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What is Sila?

Sila is an early stage startup headquartered in Portland. The company’s core product is a suite of payments and financial technology APIs that rolls up many frequently used services into a single solution. According to the vendor, this makes developing applications that require banking…

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Product Demos

1e Demo Panca Sila.

YouTube

ACH Payments API Overview by Sila

YouTube

KEMESRAAN - line dance (Sila Syafrina - INA) , demo by RnF Line Dance

YouTube

ang lakas nang mga gamit nag PA demo sila nang aming box.. abangan sila sa battlefield

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LELO SILA DEMO: Best Clit Sucker? | Her Toys Review

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Demo 7 Masters Pencak Silat Panca Sila & Sedulur Budi Asli

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Product Details

What is Sila?

Sila is an early stage startup headquartered in Portland. The company’s core product is a suite of payments and financial technology APIs that rolls up many frequently used services into a single solution. According to the vendor, this makes developing applications that require banking integration faster, safer, programmable and more affordable than alternative providers.

Sila Video

Sila Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo
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Comparisons

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Reviews

Community Insights

TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!

Sila offers a range of solutions that cater to small and medium-sized businesses. Users have noted that Sila's core banking functionality satisfies any compliance need, particularly around account namings, charters, and bank agency. This feature addresses the challenge of setting up accounts as it can be time-consuming, complex and requires expertise these businesses may not have. With Sila, users can quickly set up an FBO account and fulfill their ACH needs resulting in a lowered cost of goods.

Additionally, Sila provides efficient payment processing and wallet management functionality that enables users to incorporate fractional donations into their activities without having to move money manually. This solution frees up time for users to focus on running their business rather than spending hours trying to manage payments manually. Sila also creates a digital wallet with P2P capabilities allowing users to retain finite control of all functionalities. This feature efficiently caters to users' need for secure financial transactions. Overall, Sila is a one-stop solution addressing various challenges SMBs face in their daily management activities while providing a seamless user experience.

Robust API and ACH infrastructure: Reviewers have consistently found Sila's API documentation and ACH infrastructure to be very robust, making it easy for them to integrate the platform into their business. Many users have appreciated the cost-effectiveness of these features as well, stating that they are able to get started with minimal investment.

Responsive production support: Users have praised Sila's team for being prompt and responsive in providing production support. This has made it easy for users to develop and scale their businesses quickly with minimal downtime or issues.

Flexible compliance and product capabilities: Multiple reviewers have noted that Sila's compliance and product capabilities are very flexible, allowing them to quickly get up and running despite complex financial requirements. This has been a significant advantage for many different kinds of financial businesses who need a reliable partner to help facilitate transactions.

Long Approval Process: Some users have found Sila's application approval process to be long and challenging, with some waiting over 7 months for approval.

Poor Customer Support: Several reviewers have reported that Sila's customer support may not be helpful or responsive enough to address issues quickly, causing frustration for some customers.

Substantial Price Increase: A number of users have expressed disappointment with Sila's decision to increase its monthly pricing by 100 times, which can be a substantial financial burden for some customers.

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