PORTLAND, Ore.–(BUSINESS WIRE)–Sila Inc., a fintech software platform that offers payment infrastructure as a service, and Digital Geko, a web and mobile app developer, today announced the launch of Nitro, a set of modules designed to build fintech apps that come pre- filled with key software components of the Sila ACH API, ready to be customized by fintech entrepreneurs. Deploying Nitro’s set of basic software components, including a mobile application, significantly reduces cost of entry and increases time to market compared to building an application from scratch. Sila and Digital Geko also formally announced their strategic partnership today, publicizing their long-standing collaboration.
“We are extremely proud to partner with Digital Geko, who took on the task of building a white-label mobile app that incorporates the key elements of our Sila ACH API,” said Shamir Karkal, Co-Founder and Chief Strategy Officer, Sila Inc. “As the macroeconomic climate is hardening, saving time and money for fintech entrepreneurs is more important than ever. As the fastest route to enable Sila services, Nitro could not have launched at a more opportune time.”
The mobile app is available for Android and iOS. Key functionality includes registering users and companies, enabling KYC/KYB processes, creating digital wallets, linking bank accounts, depositing funds to and withdrawing funds from digital wallets, and transferring funds between wallets. Fully integrated out-of-the-box, Nitro handles events from Sila using webhooks.
“Fintech startups sometimes falter because it takes them too long to get the technology infrastructure in place – including a mobile app – and get it working properly. They may run out of funds or a competitor may come in and take market share,” explained Miguel Muñoz, CEO of Digital Geko. “We developed Nitro with the goal of supporting any fintech entrepreneur who has a great idea with the infrastructure they need to realize it. Nitro is like plug-and-play software that addresses key payment infrastructure needs, allowing entrepreneurs to focus on building their business and brand.”
“Having Nitro at our disposal saved us countless developer hours and money as we built our app and prepared for launch,” said Eric Heath, CEO, Emerald Wallet. “The collaboration between Sila and Digital Geko is a true catalyst for fintech startups everywhere.”
About Digital Geko
Digital Geko is a technology company born in 2009 and now expanded to 200+ employees that helps companies go from idea to digital execution. From digital marketing, blockchain, mobile apps, QA, DevOps to system integration, we bring the digital talent that completes your team. We service your project in all parts of the world, but with a special focus on North and South America.
For more information, go to www.digitalgeko.com and www.nitro.digitalgeko.com
About Sila
Sila is an end-to-end payment platform that provides Banking-as-a-Service through a developer-friendly payment API that is scalable and allows for fast and secure money transfers. Silas’ payment platform streamlines the building and launch of fintech apps and embedded payment products for financial products, fintech, crypto and Web3. Silas’ offerings include virtual accounts, digital wallets, KYC/KYB and ACH payment APIs for software teams. Additional functionality is available through a network of pre-approved and pre-integrated partners (to varying degrees). Sila was recognized as Best Payments as a Service Platform by the 2022 Embedded Banking Awards of Tearsheet. Sila is headquartered in Portland, Oregon. For more information, go to www.silamoney.com.
