Silot Pte. Ltd. provides payment processing and anti-fraud software that helps banks and financial institutions in Southeast Asia.
Silot's products include a Unified Payment Engine, onboarding and management platforms, and an anti-fraud and anti-money laundering solution, sold mainly to retail banks and financial institutions in Singapore, Malaysia and Thailand. Founded in 2017 in Singapore by Andy Li and Villence Yu, the company raised USD 8.00 mn in Series A funding on February 20, 2019, led by Krungsri Finovate with participation from Arbor Ventures. In 2022 it reported revenue of USD 138,000 and EBITDA of USD 1,475,161.
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