Payments News


Simple co-founder bids to upend financial world with APIs and a stablecoin

“Simple co-founder Shamir Karkal has taken the wraps off his latest project: Sila, a startup offering fintech firms a suite of APIs and developer tools supported by a dollar-pegged stablecoin. Named for the world’s first ‘token’ – a small bowl used by the Sumerians in 3000 BC to measure a standardised volume of barley – Sila is aiming to overhaul and democratise the financial services world using APIs and distributed ledger technology.”