Democratised access to digital assets is key to getting emerging market investors on a level playing field, giving them the opportunity to take control of their finances and battle the dual challenges of inflation and the rising costs of living.
Helping them on this journey, crypto investments platform Pillow is creating simple, transparent, accessible products including crypto investing, crypto savings, crypto payments and other financial services.
Underscoring the importance of its mission, today Singapore-based Pillow announced it has raised $18 million in Series A funding co-led by Accel, Quona Capital, Elevation Capital and Jump Capital. Elevation Capital was also the first Seed investor in Pillow, having led the round in 2021.
Founded in 2021 by Arindam Roy, Rajath KM, and Kartik Mishra, the Pillow platform is 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.
Since the beginning of 2022, the company has grown its user base by 300%, with assets under management growing 5x. In addition, the company has expanded into Nigeria, Ghana, and Vietnam, among other emerging markets.