Banking services provider Sila has raised $7.7mn.
In Brief:
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Sila uses APIs for entrepreneurs to implement banking tools and easily launch services.
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Its developer sutie issues a stablecoin, SilaToken, which every transaction on the platform is done through.
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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.
