Sila has presented 1 V-Sum technical briefing. Shamir Karkal, co-founder of Sila and previously Simple and BBVA\'s API platforms, demos the Sila money API — a developer-first platform built around three primitives (users, wallets, transactions) that lets any builder onboard users, run KYC, link bank accounts, and move ACH. The demo app at demo.silamoney.com onboards both individuals and businesses via unique alphanumeric handles; KYC runs asynchronously through Socure/LexisNexis (3–15 seconds typical) with document-upload fallback for IDs or formation docs. Every user gets one wallet by default but can own many (one-to-many), enabling segregated-account patterns. Sila supports three ways to link bank accounts: raw routing+account entry, your own Plaid integration via processor tokens, or Sila\'s managed Plaid instance (Plaid sandbox user_good/pass_good). Same-day ACH pulls $1,234 into the wallet in roughly five minutes in sandbox — deliberately slow so developers don\'t build code expecting real-time settlement. Wallet-to-wallet transfers settle on Sila\'s ledger in seconds; external redeems push ACH out to any linked bank account.
Topics: Payments, Banking-as-a-Service, Developer Tools
V-Sum Twenty
Presented by Shamir Kharkel
Shamir Karkal, co-founder of Sila and previously Simple and BBVA\'s API platforms, demos the Sila money API — a developer-first platform built around three primitives (users, wallets, transactions) that lets any builder onboard users, run KYC, link bank accounts, and move ACH. Th…