Sila and Digital Geko announce the launch of the white-label mobile app, Nitro
By Edlyn Cardoza
Sila Inc., a FinTech software platform that provides payment infrastructure as a service, and Digital Geko, a web and mobile app developer, announced the launch of Nitro, a set of modules created to build FinTech apps that comes pre-populated with key software components of the Sila ACH API, ready to be customised by FinTech entrepreneurs.
Deploying Nitro’s set of baseline software components, including a mobile application, significantly lowers the cost of entry and speeds up time to market compared to building an application from scratch. Sila and Digital Geko also formally announced their strategic partnership, making public their long-standing collaboration.
“We are extremely proud to partner with Digital Geko, which took it upon themselves to build a white-label mobile app containing key elements of our Sila ACH API,” said Shamir Karkal, Co-Founder and Chief Strategy Officer of Sila Inc. “As the macro-economic climate hardens, saving time and money is more important than ever for fintech entrepreneurs. 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 money 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 put their technology infrastructure – including a mobile app – in place, and get it working properly. They might run out of funds, or a competitor might swoop in and take market share,” explained Miguel Muñoz, CEO of Digital Geko. “We developed Nitro with the goal of supporting every fintech entrepreneur who has a great idea with the infrastructure that they need to realise it. Nitro is like a plug-and-play piece of 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 were building our app and getting ready for launch,” said Eric Heath, CEO of Emerald Wallet. “The partnership between Sila and Digital Geko is a true catalyst for fintech startups everywhere.”
IBSi Daily News Analysis
December 06, 2023
Most Britons think big banks prioritise profits over helping savers, study showsRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage