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Sila raises $13m

Editorial | what does this mean? This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Sila raises $13m 3 hours ago Sila, an API platform that provides payment infrastructure as a service while ensuring regulatory compliance, has raised $13 million in Series A funding led by Revolution Venture. Madrona Venture Group, Oregon Venture Fund, Mucker Capital, and angels including Wise co-founder Taavet Hinrikus joined the round, which brings Sila s total funding to over $20 million. Set up by Simple co-founder Shamir Karkal in 2018, Sila helps software developers incorporate regulatory compliant payment capabilities into their products.

United statesShamir karkalTaavet hinrikusOregon venture fundMadrona venture groupVenture groupMucker capitalSila moneyஒன்றுபட்டது மாநிலங்களில்ஷமிர் கர்கல்ஓரிகந் துணிகர நிதிமட்ரோனா துணிகர குழுதுணிகர குழுசில பணம்

Sila banks $13M to offer single API for developing financial products, services – TechCrunch

Sila banks $13M to offer single API for developing financial products, services – TechCrunch
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United statesClara siegAngela angelovskaEthereum mainnetAlex liptonShamir karkalIsaac hinesTaavet hinrikusOregon venture fundMadrona venture groupMucker capitalOregon based silaEvolve bankNacha automated clearing houseLatin americaRevolution ventures

Simple banking customers still locked out; parent BBVA says its customer service crashed

Simple banking customers still locked out; parent BBVA says its customer service crashed Updated May 11, 2021; Facebook Share Former clients of Portland online banker Simple remained unable to access their accounts Tuesday, and they were unable to reach the bank that now holds their money after its customer service systems crashed amid a flood of calls from outraged customers. Simple was owned by Spanish banking giant BBVA, which announced in January it would shut down the Portland banker and transfer clients’ accounts to BBVA. That transition took place on schedule Saturday, but BBVA botched the handover and locked many customers out of their accounts.

United statesSan franciscoNick welchMike rogowayShamir karkalTwitter tuesdayஒன்றுபட்டது மாநிலங்களில்சான் பிரான்சிஸ்கோநிக் வெல்ச்மைக் ரோகோவாய்ஷமிர் கர்கல்ட்விட்டர் செவ்வாய்

Sila s craftsmanship culture treats new hires as apprentices

Sila s craftsmanship culture treats new hires as apprentices
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United statesShamir karkalSila moneyFun slackஒன்றுபட்டது மாநிலங்களில்ஷமிர் கர்கல்சில பணம்வேடிக்கை மந்தமான

Fintech startups are booming

SAN FRANCISCO In 2009, Shamir Karkal and several colleagues struggled to raise money for a banking startup, Simple. Most of the 70 venture capital firms they met over the course of a year did not see the point of the idea, he said. The few that did thought it would fail. By last year, things had changed. When Karkal set out to raise funding for his new financial technology startup, Sila, which makes regulatory compliance software, he garnered $5 million in a few months with a fraction of the pitches. He said he was frustrated it did not happen even faster. “I know folks in the space who raised rounds in less than one week,” he said.

United statesRobert leDomm hollandDhivya suryadevaraMark goldbergShamir karkalAmerican expressBig financeஒன்றுபட்டது மாநிலங்களில்ராபர்ட் லெதிவ்யா சூரியதெவாரகுறி கோல்ட்பர்க்ஷமிர் கர்கல்அமெரிக்கன் எக்ஸ்பிரஸ்பெரியது நிதி