# Sila

Sila is an Asset Manager based in Portland, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Portland, United States
- **Region:** North America
- **Address:** Portland, OR, United States
- **Assets under management:** Undisclosed
- **Website:** www.silamoney.com
- **LinkedIn:** https://www.linkedin.com/company/sila

## About

Sila’s banking-as-a-service platform offers payment APIs and digital wallets for financial products and fintech projects. Its end-to-end payments platform streamlines building and launching fintech apps and embedded payments products, with flexible technical integration, simplified ACH processing, and bank account linking. Sila was recognized as the Best Payments as a Service Platform by the 2022 Embedded Banking Awards of Tearsheet.

## Sectors

- FinTech
- Enterprise Software

## People

- Shamir Karkal — Co-Founder & Chief Strategy Officer

## Questions

### Who runs investment decisions at Sila?

Sila does not operate as an investment firm or family office — it is a venture-backed payments-infrastructure company. Strategic decisions sit with the leadership team, which includes co-founder and Chief Strategy Officer Shamir Karkal and an executive group with backgrounds in ACH network governance, regulatory compliance, and software engineering.

### What problem does Sila's payment architecture solve?

Sila aggregates three instant-settlement rails — FedNow, The Clearing House's RTP, and its own proprietary instant ACH solution — behind a single API. This eliminates the need for fintechs to integrate each rail separately or guess which will become dominant. The platform also handles standard ACH, same-day ACH, virtual-account issuance, and KYC/KYB verification.

### Which fintechs and platforms use Sila?

Sila's website lists Mercury, Lithic, Sardine, Currencycloud, TrueAccord, Thunes, Corpay, Alloy, and Plaid among its fintech partner ecosystem, though the distinction between paying clients and integration partners is not always delineated on the public site.

### How does Sila handle regulatory compliance?

Sila operates as a software platform rather than a licensed bank, keeping customer settlement funds at its backend partner banks and never taking custody on its own balance sheet. The firm states that its systems and processes adhere to all applicable U.S. regulatory requirements and that it embeds KYC, KYB, and fraud-prevention tools into the API layer.

## Related profiles

- [SoSoValue](https://altss.com/profile/sosovalue)

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Last updated: 2026-08-11T15:08:04.536Z

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