Pillow Raises $18M in Funding

Pillow, a Singapore-based provider of a digital asset management app, raised $18M in funding.

The round was led by Accel, Quona Capital, Elevation Capital and Jump Capital.

The company intends to use the funds to accelerate adoption of crypto services in emerging markets.

Founded in 2021 by Arindam Roy, Rajath KM, and Kartik Mishra, Pillow provides a platform for users to users invest and save in US Dollar-backed stablecoins, as well as multiple blue-chip cryptocurrencies including Bitcoin, and Ethereum. It acts as a community of more than 75,000 users in over 60 countries who are taking control of their financial lives by saving and investing using digital assets.

Pillow is available for download on Google Playstore and Apple App Store.