PORTLAND, Oregon – (COMMERCIAL THREAD) – Sila Inc., a fintech software platform that provides payment infrastructure as a service, today announced a partnership with Arcus, a payment as a service platform that enables any business to launch and offer innovative payment solutions in the Americas. By combining the unique strengths of the two companies, bill payment to more than 18,000 US billers is now available to their customers. Arcus enables its customers to process bill payment through bill payment APIs on personal and business accounts. Sila provides an API platform that allows customers to verify identities, link bank accounts, and perform ACH debit and credit transactions. Sila’s API platform also includes functionality for digital wallets. Customers can store value and transfer money from bank accounts to white label digital wallets representing deposited funds.
“Enabling 18,000 letter carrier bill payments in the United States is a huge victory for our respective customers,” said Shamir Karkal, co-founder and CEO of Sila Inc. “It shows what is possible when two companies sharing the same ideas work together to bring new solutions to the market. It truly is a new financial world, and innovative companies like Arcus and Sila are helping to build it. ”
Customers can benefit from this agreement in a number of ways. Another example is the ACH Transfer API, which enables ACH debits and bill payments to be processed through an end user’s wallet, which speeds up automated bill payment. The partnership gives Arcus and Sila customers the ability to activate key features, allowing them to customize and choose only what makes the most sense for their business.
“Although we have been working closely for some time, this official announcement marks a new chapter in our relationship with Sila,” said Edrizio De La Cruz, co-founder and co-CEO of Arcus. “Tighter integration between the solutions of the two companies will allow customers easier access to respective services and faster implementations, saving them time and money. ”
Arcus is a Payment as a Service (“PaaS”) platform that enables any business to launch and deliver innovative payment solutions across the Americas. Arcus’ mission is to make payments possible for everyone. Arcus strives to improve people’s financial health by helping its customers to empower their users, providing them with a better way to manage their payments.
The world’s largest and most innovative companies choose Arcus to accept and process payments across the Americas, including BBVA, Santander, Walmart, 7-Eleven, and Rappi. Arcus was launched in 2013 via Y-Combinator and is backed by Ignia, Citi Ventures, Softbank, Initialized Capital, Andreessen Horowitz, Kapor Capital, among others. For more information, visit www.arcusfi.com.
Sila is a fintech software platform that provides Payment Infrastructure as a Service, an essential building block for all businesses that need to integrate with the US banking system and blockchain quickly, securely and in accordance with US regulations. in force. Sila offers banking, digital wallet and ACH payment APIs for software teams. The company was recognized as “the best place to work in financial technology in 2021”. Sila is headquartered in Portland, Oregon. For more information, visit www.silamoney.com