Sila raises $7.7mn

April 09, 2020 | FinTech

Written by FinTech Alliance

Tags

api
Sila raises $7.7mn

Banking services provider Sila has raised $7.7mn.

In Brief:

  • Sila uses APIs for entrepreneurs to implement banking tools and easily launch services.

  • Its developer sutie issues a stablecoin, SilaToken, which every transaction on the platform is done through.

  • It expects to grow to 40 clients by the end of the year.

 

What does this mean?

It’s thought stabelcoins could become a more common feature of FinTechs as Sila grows. The company will use the new funding to build out more features on its platform.

Read more here. 

 

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