PORTLAND, Ore.–(BUSINESS WIRE)–They Inc., a fintech software platform that provides payment infrastructure as a service, and Digital Geko, a web and mobile application developer, today announced the launch of Nitro, a set of modules created to build fintech applications that are pre-populated with key Sila ACH API software components, ready to be customized by fintech entrepreneurs. Deploying Nitro’s core set of software components, including a mobile app, significantly reduces cost of entry and speeds time to market compared to building an app from scratch. Sila and Digital Geko also officially announced their strategic partnership today, making public their longstanding collaboration.
“We are extremely proud to partner with Digital Geko, who took the initiative to create a white-label mobile application containing key elements of our Sila ACH API,” said Shamir Karkal, Co-Founder and Chief Strategy Officer , Sila Inc. “As the macro climate gets tougher, saving time and money is more important than ever for fintech entrepreneurs. As the fastest route to enabling Sila services, Nitro would have could not have been launched at a more opportune time.
The mobile app is available for Android and iOS. Key features include user and business registration, enabling KYC/KYB processes, creating digital wallets, linking bank accounts, depositing and withdrawing funds to digital wallets, and transferring money. money between wallets. Fully integrated and out of the box, Nitro manages Sila events using webhooks.
“Fintech startups sometimes fail because it takes too long to get their technology infrastructure, including a mobile app, up and running properly. They could run out of funds or a competitor could step in and take market share,” explained Miguel Muñoz, CEO of Digital Geko. ” We have developed nitro with the aim of supporting every 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 growing their business and brand.
“Having Nitro at our disposal saved us countless development hours and money as we built our app and prepared for launch,” said Eric Heath, CEO, Emerald Wallet. “The partnership between Sila and Digital Geko is a real catalyst for fintech startups around the world.”
About Digital Geko
Digital Geko is a technology company born in 2009 and now expanded to over 200 employees that helps businesses move from idea to digital execution. From digital marketing, blockchain, mobile apps, QA, DevOps to system integration, we bring the digital talent that complements your team. We serve your project in any part of the world, but with a particular focus on North and South America.
For more information, visit www.digitalgeko.com and www.nitro.digitalgeko.com
Sila is an end-to-end payment platform that provides banking as a service through a developer-friendly payment API that is scalable and enables fast and secure money transfers. Sila’s payment platform streamlines the creation and launch of fintech applications and integrated payment products for financial products, fintech, crypto and Web3. Sila’s offerings include virtual accounts, digital wallets, KYC/KYB, and ACH payment APIs for software teams. Additional features are available through a network of pre-approved and pre-integrated partners (to varying degrees). Sila was recognized as the Best Payments Platform as a Service by Tearsheet’s 2022 Embedded Banking Awards. Sila is headquartered in Portland, Oregon. For more information, visit www.silamoney.com.