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Singapore-Based Crypto Investment Startup Pillow Raises $18m Series A

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Digital asset investment app PillowFund has raised a $18.1 million Series A with the ambition of providing crypto services to users globally. By amitoj

The Series A was co-led by Accel and Quona Capital with participation from Jump Capital and existing investor Elevation Capital.

The digital asset management app, which was co-founded by three Indian origin persons Arindam Roy, Rajath KM and Kartik Mishra, in 2021 with the objective of giving new users an experience without hassles like gas fees, bridging and security.. Pillow co-founder Roy announced that they have users in 60 countries.

Pillow offers users up to 10.42% returns on their stablecoins, 6.02% returns on bitcoin and 6.03% returns on ether . While it supports 10 digital assets currently, it plans to expand to over 50 soon.

 

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