Singapore’s Pillow has raised $18 million in Series A funding led by Accel, Quona Capital, Elevation Capital, and Jump Capital.
Pillow platform, launched in 2021 by Arindam Roy, Rajath KM, and Kartik Mishra, is used by over 75,000 people in more than 60 countries to save and invest in digital assets.
Pillow, a platform for cryptocurrency investments, develops simple, open-access products for financial services, savings, and payments.
The business is just getting started, and Pillow has big hopes to improve people’s personal financial journeys in developing nations like Southeast Asia and Africa. Pillow’s CEO, Arindam Roy, said.
In order to empower young, hardworking, and aspirational people to take charge of their finances, accomplish their goals in life, and work toward financial freedom, Pillow aspires to foster and reward a culture of disciplined personal finance, including savings and investments fueled by access to digital assets. In order to give our customers access to possibilities in the global economy and to give them the ability to control their financial future, we are developing a suite of high-quality, secure, and transparent financial products, Roy continued.
The company’s customer base has increased by 300% since the start of 2022, while assets under management have increased by a factor of five.
In addition, the company has entered a number of new markets, including Vietnam, Ghana, and Nigeria.
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